Stock charts and technical analysis

Trading Notebook: $BTC $LNG $WMT $AAPL

2023-08-17T23:49:10-04:00August 17, 2023|

Bitcoin $BTC.X crashing & breaking the rising trend-line off of the January lows. $LNG Rising parallel channel, with a hard bounce off the lower channel band. Looking for a move back to the upper channel band from here. Pullback to the rising trend-line in place seems to be the most [...]

Trading Notebook: $TSLA $GLD $TNX $DBI

2023-08-16T19:02:56-04:00August 16, 2023|

Major support breaking today on $TSLA. Now the next level of support comes in at the rising trend-line around 207-210 area. $GLD inverse cup and handle pattern nearing confirmation. $TNX 10 year yield October highs on tap. Rates continue to rise significantly. $LULU price action still struggling with overhead resistance. [...]

Trading Notebook: $F $SPCE $TGT $DBI

2023-08-15T21:08:16-04:00August 15, 2023|

$F rising trend-line off of the July '22 lows could see a test and bounce. Patience is key here. $SPCE breaking below key support to new all-time lows. $TGT with a continuation triangle break to the downside. $DBI not quite there yet, and definitely having some struggles today, but worth [...]

Trading Notebook: $CHTR $VIX $SMH $WMT

2023-08-14T17:41:20-04:00August 14, 2023|

Michael Burry bought $CHTR and as you can see it is breaking out of a long-term basing pattern that goes back to last year. This one could have some legs to it. $VIX still can't break above resistance. Volatility shorts continue crushing the index with every bounce. Strong bounce so [...]

Trading Notebook: $AMD $NFLX $SOFI

2023-08-11T17:09:53-04:00August 11, 2023|

I'm watching to see if $AMD pulls back to the rising trend-line from the Nanuary lows. If that Holds it could create a nice bounce opportunity. $NFLX attempting to finish off this head and shoulders topping pattern. Watch for $SOFI to retest year long support. If it can hold this [...]

Trading Notebook: $BABA $XLU $YETI

2023-08-10T20:11:10-04:00August 10, 2023|

Strong post earnings run, but struggling to push through resistance. Needs to break through to jump start the next leg higher. Major support for $XLU still holding but a push below $64 support could spell trouble for the utilities sector. Big move out of $YETI today gapping above major resistance, [...]

Trading Notebook: $AKAM $UNG $SPY $UNH

2023-08-09T17:55:33-04:00August 9, 2023|

$AKAM gapped above the inverse head and shoulders neckline, but I think it's better to wait for a pullback to the neckline before considering a new long position at this point. $UNG held the breakout level into the close. Worth watching going forward. Serious puking underway on $SPY ahead of [...]

Trading Notebook: $DOW $VIX $HIMS

2023-08-08T19:50:02-04:00August 8, 2023|

$DOW continuing to hold support going back to April. Could see a bounce here. 4th day in a row where there's been a big fight to keep $VIX under that 17.10 area. Today's candle not looking that great either, despite the 8% in gains so far. Needs a strong finish [...]

Trading Notebook: $PLTR $VIX $MRNA $META

2023-08-07T17:31:54-04:00August 7, 2023|

$PLTR Rising trend-line off of May lows tested and held so far today. Attempting to bounce from here. $VIX pulling back some today, but still hovering just below a significant base breakout level here. $MRNA was a one trick pony, and not one worth ever buying the dip on. Now [...]

Trading Notebook: $AAPL $MOS $AMZN $VIX

2023-08-04T17:00:43-04:00August 4, 2023|

$AAPL in one week has wiped out over 6 weeks in gains, and could be headed for a much bigger pullback to long-term support. Heavy resistance seeing a break today. Strong volume of late as well for $MOS $AMZN coming up on major long-term resistance. $VIX continuing the pattern of [...]

Trading Notebook: $SHOP $GS $ABBV $PYPL

2023-08-03T17:48:17-04:00August 3, 2023|

Another day of selling in $SHOP could create a really good bounce opportunity off of the rising trend-line. Bull flag in $GS looks sharp, but a very problematic declining trend-line just above the breakout level. Bull flag developing in $ABBV - resistance overhead currently sitting at $161. Nice trade setup [...]

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