Trading Notebook: $PLTR $F $CCL $FSR
Instead of confirming the head and shoulders, $PLTR managed to bounce off the neckline, and create a short-term double bottom scenario. $F has a promising setup if it can break [...]
Trading Notebook: $CBRL $GME $UNH $AAPL
$CBRL has pulled back significantly to its long-term support. Last time this was tested was the covid lows. Also has a +8% divi currently. $GME couldn't hold the break above [...]
Trading Notebook: $TNX $NEE $AROC $RTX
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 [...]
Trading Notebook: $AMZN $URA $TLT $CAVA
$AMZN unable to hold on to key support here. Still possible though, and be careful of, a bear trap here with oversold market conditions. Ideal conditions for $URA entry would [...]
Trading Notebook: $VIX $X $TLT $ON
Two rejections for the $VIX at the 200 day moving average in the last two months. $X testing short-term resistance for a possible breakout. Something is begging to break right [...]
Trading Notebook: $TGT $SOFI $RCMT
$TGT continues with another leg lower with very little support underneath. Possible that this stock continues to drop until it tests $95. $SOFI confirming that head and shoulders, with little [...]
Trading Notebook: $EBAY $VIX $MSFT
$EBAY getting a pop out of news from $BX, but this support level could be tested yet again, and if broken, I'm looking for a move down to $40. Good [...]
Trading Notebook: $YALA $CMPR $MTG
If $YALA continues this run higher, you'll want to be mindful of the longer-term resistance overhead, and not too far away. Nice bull flag in $CMPR weekly forming, and also [...]
FOMC Statement: September 20, 2023
Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low. [...]
Trading Notebook: $MSOS $ARM $MSFT
Cannabis and $MSOS specifically rolling over. I expect a retest of the $6's. $ARM continues to trend lower following its IPO which is what is to be expected with pretty [...]
Trading Notebook: $KLAC $SMH $PTEN $U
$KLAC hitting oversold levels and testing a key short-term support level that could offer up a bounce opportunity. Rising support underneath, could also provide another. $SMH short term and long-term [...]
Trading Notebook: $F $VIX $AMD $ADBE
$F Cup and handle formed, followed by the potential for a bull flag. Another couple of days of consolidation here could create a fantastic long setup. $VIX hard bounce off [...]
