Trading Notebook: $TNX $NEE $AROC $RTX

2023-09-27T15:23:18-04:00September 27, 2023|

Impressive stock market bounce, but if those rates don't come down, the rally will fizzle as well, and so far the rates haven't budged. $TNX $NEE nearing the closest thing to support at $59. Losing $70 was a big deal, but very oversold on daily, weekly and monthly charts. $AROC [...]

Trading Notebook: $TNX $AMC $JNJ $UUUU $TLT

2023-08-21T22:25:23-04:00August 21, 2023|

$TNX pushing above October '22 highs and breaking through some heavy resistance. $AMC rejection at resistance was the clue to get out. Now it is breaking major support going back to '22. Retested it on Friday and failed. For those that think $AMC is rigged, then why are you even [...]

Trading Notebook: $IBB $CVS $VIX $TNX

2023-08-18T15:21:25-04:00August 18, 2023|

$IBB bouncing off of the rising trend-line from October '22. You'll still want to be mindful of overhead resistance. $CVS for a second straight day testing key support that if broken goes back down to 2019 & 2020 prices. $VIX running into heavy resistance at the 200-day moving average. $TNX [...]

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: $AMD $SPY $BYD $DWAC $TNX

2023-07-06T16:56:52-04:00July 6, 2023|

If $AMD breaks short-term support, I would be looking for the next leg lower to start on the stock. $SPY is trading in the gap now. Nice pullback for $BYD to the lower channel band, but my big concern here is the fact that it has now made to consecutive [...]

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