Stock charts and technical analysis

Trading Notebook: $NKE $PFE $WSM

2023-12-22T15:13:40-05:00December 22, 2023|

$NKE broke its rising trend-line but may be attempting to find some support here that goes back to June. $PFE declining channel with a retest on the upper band here. If that breaks it has a longer framed declining trend-line to also contend with. Solid continuation triangle setting up for [...]

Trading Notebook: $SPY $FDX $GOOGL

2023-12-20T20:00:43-05:00December 20, 2023|

$SPY Kinda looks like a rug pull if you ask me. $FDX long-term trend-line worth watching especially as it is trying to hold it despite the massive gap lower. Diamond top on $GOOGL with a hard reversal and breakout to the upside which nullifies the pattern. Which is also a [...]

Trading Notebook: $PENN $AFRM $DKNG

2023-12-19T15:18:12-05:00December 19, 2023|

$PENN has struggled to hold the breakout above resistance and is once again attempting to change that theory with another breakout attempt. Amazing breakout for $AFRM, but currently running into some long-term resistance that hasn't been tested in a while. Not sure whether it will reject price or not, but [...]

Trading Notebook: $XLE $GPCR $NIO

2023-12-18T14:25:40-05:00December 18, 2023|

Energy sector failing to push through the declining channel. $XLE $GPCR these days there's no limits to what the bulls won't go to, to buy the dip. This time off of a -50% push lower & bounce off the rising trend-line. Gap and crap on $NIO following the gap higher. [...]

Trading Notebook: $DKNG $BA $COST

2023-12-15T14:49:08-05:00December 15, 2023|

Head and shoulders nearing a confirmation on $DKNG What changed in from 11 straight weeks of declines for $BA where nobody wanted the stock to 7 straight weeks of dramatic price increases and a 50% rally where no one can get enough of this stock? $COST: A perfect example of [...]

Trading Notebook: $TSLA $LLY $RIVN

2023-12-14T14:45:47-05:00December 14, 2023|

$TSLA clean break of declining resistance with old-trend-line resistance now looming, has previously struggled to push through in the past. Triangle pattern starting to break here, but just underneath it is testing the rising trend-line off of the March lows. Make or break moment for $LLY. $RIVN keep an eye [...]

Trading Notebook: $GLD $SLV $PFE

2023-12-13T15:50:56-05:00December 13, 2023|

$GLD attempting to put in a new higher-low, following FOMC. $SLV bouncing off of the rising trend-line, suggesting it doesn't believe inflation is over. $PFE breaking through some major support dating back to 2015 this morning.

FOMC Statement: December 13, 2023

2023-12-13T14:01:45-05:00December 13, 2023|

FOMC Statement Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter. Job gains have moderated since earlier in the year but remain strong, and the unemployment rate has remained low. Inflation has eased over the past year but remains elevated. [...]

Trading Notebook: $COST $LKNCY $ORCL $MRNA $GLD

2023-12-12T15:49:22-05:00December 12, 2023|

$COST reports earnings on the 14th and people are chasing this 44 P/E stock right higher still. Total lunacy As $LKNCY continues to sell-off look for a pullback & buy opportunity at the lower channel band here. Major support looms for $ORCL to be tested at $98. Could be a [...]

Trading Notebook: $NIO $GS

2023-12-11T14:52:35-05:00December 11, 2023|

Nice base forming on $NIO daily. Watch for the breakout above resistance. $GS currently testing the declining trend-line & on the verge of pushing through here. Financials are higher risk plays with FOMC on Wednesday.

Trading Notebook: $CRSP $SOFI $MS

2023-12-08T14:38:10-05:00December 8, 2023|

$CRSP attempting to hold the declining trend-line following a massive sell-off today. Watch for a potential bounce here. $SOFI pushing through the declining channel to the upside. Little resistance until $9.15. $MS attempting to breakout of overhead resistance. Has already broke through the declining trend-line.

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