Trading Notebook: $VIRT $IWM $WYNN

2024-02-29T16:11:23-05:00February 29, 2024|

$VIRT broke out of the base and through the declining trend-line. . $IWM gapped above resistance today, and has since pulled back for a retest. Watching here to see whether that level holds, or if it starts to fade and close the gap from this morning. Bull flag in $WYNN [...]

Trading Notebook: $SHOP $XLV $RIOT

2024-02-28T15:12:12-05:00February 28, 2024|

$SHOP trading inside a megaphone, but very little else to comment on, not even crazy about what could be a bullish wedge that is forming. Chart is a complete mess, and half expect it to move back to $71 to test support. . $XLV pulling back to the rising trend-line [...]

Trading Notebook: $BABA $PDD $CLF

2024-02-27T16:42:01-05:00February 27, 2024|

$BABA inverse head and shoulders yet to confirm, and heavy declining resistance above. Previous bases similar to the current one never quite materialized with a breakout - something to keep in mind. . Keep an eye on this bearish inverse cup & handle pattern on $PDD. Not confirmed yet, but [...]

Trading Notebook: $IBB $IBIT

2024-02-26T15:09:16-05:00February 26, 2024|

$IBB broke out of the bull flag but running into some resistance that goes back to 2022. Watch for whether it can breakout here, or pulls back as a result of a failed break. . $IBIT bull flag breakout here, representing a continuation of the current trend-line off of the [...]

Trading Notebook: $FHI $VSCO $SMH

2024-02-23T15:57:57-05:00February 23, 2024|

$FHI bouncing off of the lower channel band, but short-term declining resistance needs to see a break before considering a long position. . $VSCO bull flag pattern nearing a breakout to the upside. A break below declining support would invalidate the setup. $SMH has a complicated history with bollinger bands [...]

Trading Notebook: $TSLA $ABNB $DG

2024-02-22T15:46:51-05:00February 22, 2024|

$TSLA pullback and bounce off of the base breakout level. . $ABNB wedge pattern formed that could provide some short-term resistance for ABNB, which trades inside of a much bigger channel pattern. $DG pulling back to breakout support. So far holding it. Will need a hard bounce here to keep [...]

Trading Notebook: $PANW $AAPL

2024-02-21T20:36:11-05:00February 21, 2024|

$PANW - Another great reason for why I don't hold swing trades through earnings. Only remote level of support is this possible long-term trend-line. . $AAPL managed to hold the trend-line into the close yesterday, and now attempting to bounce off of it today. Possible it sees some push back [...]

Trading Notebook: $MA $GOOGL $AAPL

2024-02-20T15:49:50-05:00February 20, 2024|

$MA pulling back here to the rising trend-line. Watch for whether it can hold & bounce. . $GOOGL buying the dip off the rising trend-line today. $AAPL breaking below its rising trend-line from January '23.

Trading Notebook: $TSLA $ABNB $SMCI

2024-02-15T15:01:33-05:00February 15, 2024|

$TSLA inverse head and shoulders most prominently seen on intraday charts and now trading in the gap from 1/25 . $ABNB with solid short-term rising support underneath, but you want to pay close attention to the resistance above that it isn't part of a bearish wedge that is forming. History [...]

Trading Notebook: $HOOD $SHW $COIN

2024-02-14T16:33:33-05:00February 14, 2024|

Careful with $HOOD right here as it is testing some signficant resistance from 2022 with the upper channel band. . $SHW attempting to push its way out of an ascending triangle. Significant support at the 50-day moving average. $COIN not a trade I would chase here, but certainly remains a [...]

Trading Notebook: $MA $ALT $JPM

2024-02-13T16:43:36-05:00February 13, 2024|

$MA Continuation triangle in play here, and holding strong despite heavy market selling today. . $ALT Inverse cup and handle forming, and testing confirmation here. $JPM bearish wedge formed and testing rising support here. A break below $172.90 would confirm the bearish wedge here.

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