FOMC Statement: January 31, 2024
FOMC Statement Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have moderated since early last year but remain strong, and the unemployment rate [...]
Trading Notebook: $JPM $SLB $INGN
Three recent hits up against resistance on $JPM to be watchful of. If it pulls back, a break below $172 would confirm a bearish wedge. . ON $SLB: 1. Inverse [...]
Trading Notebook: $DENN $SNAP $SOFI
$DENN is nearing a break of consolidation. However heavy resistance looms in the $11's. . $SNAP remains in a promising bull flag but with earnings 2/6 you may not have [...]
Trading Notebook: $INTC $XLP $ZIP
Not quite a double top in $INTC but similar price action to one. Confirmed post earnings, and unable to recapture broken support. . A lot of consolidation of late in [...]
Trading Notebook: $TEAM $TSLA
$TEAM has an ascending triangle attempting to breakout but the previous three days, have struggled to hold that level. Need to see it close above that level to confirm the [...]
Trading Notebook: $MCD $DIS $DHI
$MCD holding the breakout level above $299. Solid consolidation and potentially looking for another move higher. . $DIS not the best price action over the last two days, but could [...]
Trading Notebook: $PYPL $UAL $BTC.X
$PYPL managed to hold the breakout level yesterday and then bounce off of it today. . Earnings gave $UAL a boost right back through the resistance that was holding it [...]
Trading Notebook: $UAL $AMD $PYPL
$UAL couldn't push through resistance, and instead resumed its current downtrend. Sets up well for a retest of the lower $30's. $AMD despite pulling back about 5% today, for me [...]
Trading Notebook: $PYPL $W $FDX
$PYPL breaking through the neckline of the inverse head and shoulders, also recently broke through a long-term declining trend-line. This stock could be setting up for a gap fill in [...]
Trading Notebook: $ASML $ARM $CFLT
$ASML double bottom off of the 50-day moving average Solid bounce off of the rising trend-line for $ARM with follow through today. $CFLT a lot of bearishness on this chart [...]
Trading Notebook: $COIN $RIOT $DIS
Watch this major support level in $COIN going back to '22. Potential landing spot for the stock. Potential landing spot for $RIOT following the hard sell-off from $17, at the [...]
Trading Notebook: $DWAC $SPY $PYPL
Looks like another pop & drop into resistance for $DWAC. Very dangerous trade to chase after here. $SPY bearish wedge trying to confirm. Essentially an inverse head and shoulders forming [...]