Stock charts and technical analysis

Trading Notebook: $VZ $CMG $ADT $JCI $TWLO

2023-07-30T23:00:45-04:00July 30, 2023|

$VZ price level resistance pushing back on the bounce that started two weeks ago. Even if it pushes through that, there is strong declining resistance that has to be dealt with. $CMG dropped hard after earnings and starting to fill the gap. Potential support levels below to watch for price [...]

Trading Notebook: $SPOT $HOOD $OKTA $WYNN

2023-07-28T18:32:37-04:00July 28, 2023|

$SPOT pullback could see a bounce off of this major price level. $HOOD false breakout yesterday of the bull flag, giving it another shot today. $OKTA neckline of the inverse head and shoulders pattern. Just starting to breakout, but also needs to clear the 50-day moving average as it has [...]

Trading Notebook: $XLC $XLV $MCD $TDOC

2023-07-27T16:55:33-04:00July 27, 2023|

Strong potential with $META and $GOOGL earnings out of the way, for a pullback to the rising trend-line on $XLC. Ideally, I'd like to see $XLV spend a few more days inside of this bull flag before attempting to breakout. Worth watching this one. $MCD testing major resistance here and [...]

FOMC Statement & What What It Says

2023-07-26T14:04:56-04:00July 26, 2023|

What they are saying: So, our economy's chugging along alright, we've got jobs and our banks are tough. But stuff's costing a bit more than we want. It might get trickier for people and businesses to borrow money, which could slow things down a bit, but the Committee is on [...]

Trading Notebook: $RTX $DHR $ILF $SPOT

2023-07-25T19:44:59-04:00July 25, 2023|

$RTX post earnings reaction was extreme to the downside, but managed to hold a key support level from 2021 and bounce from there. $DHR attempting to breakout and push through declining resistance here. Key is for it to break and hold into the close. $ILF nearing a major, major break [...]

Trading Notebook: $DWAC $AMC $FRSH $RIVN

2023-07-24T17:52:16-04:00July 24, 2023|

As mentioned on Friday, $DWAC pumps are short-lived, and the same thing happened yet again as it has happened in the past. These pops in $AMC, like the one today, tend to be short lived. Broke through one resistance level, but quickly coming against another. $FRSH not there yet, but [...]

Trading Notebook: $ROKU $DWAC $DKNG $SNAP

2023-07-21T16:51:13-04:00July 21, 2023|

$ROKU bull flag right around the breakout level. I prefer waiting until after earnings, before making a move this stock due to the heightened risk. $DWAC pumps have historically been short lived and I expect nothing different here. $DKNG bull flag worth watching. May see a breakout here $QQQ can [...]

Trading Notebook: $AMD $GD $UAL $CVNA $BP

2023-07-20T17:10:08-04:00July 20, 2023|

$AMD double top may not be done with price confirming a bear flag breakdown. $GD reports earnings on 7/26 so not worth trading before then, but certainly a nice cup and handle that is forming. $UAL pushing through some serious resistance here, going back to 2021. Move below $53, would [...]

Trading Notebook: $NIO $SPOT $LMND

2023-07-19T17:42:45-04:00July 19, 2023|

Nice bounce off of 3 nearby support levels so far for $NIO, but be mindful of $TSLA earnings today that could have a significant impact on the stock (for better or worse). $SPOT ascending triangle breakout level. Watch the 5-day moving average as type of trailing stop-loss. A close below [...]

Trading Notebook: $XLV $DXY $JETS $PRWM

2023-07-18T17:07:05-04:00July 18, 2023|

I'm leery of these breakout attempts on $XLV, like the one seen today, as the last three have all resulted in head fakes. $DXY descending triangle confirmed to the downside. $JETS fighting for a second straight day to get back above broken trend-line resistance. $PRMW price bounce off the lower [...]

Trading Notebook: $MTCH $XLE $JETS $BABA $DIS

2023-07-17T20:19:54-04:00July 17, 2023|

$MTCH broke out and through its declining trend-line. I'm watching whether it pulls back to the trend-line and declining support for a potential bounce. $XLE coming back to test the breakout support level. Watch to see whether it can bounce here. $JETS rising trend-line broken and today, though it is [...]

Trading Notebook: $JETS $SPLK $COIN $CPRT

2023-07-14T16:42:28-04:00July 14, 2023|

Watch to see if $JETS can stabilize here and bounce off the rising trend-line. $SPLK Ascending triangle in play. Best if it can consolidate some right here, and then make a run for the breakout, in order to keep the risk tight. Overall, a very promising chart. Parabolic move on [...]

Go to Top