Trading Notebook: $DIS $NFLX
$DIS bull flag pattern, but also playable is the bounce off of the 50-day and 200-day moving averages. Keep watching the bull flag in $NFLX...not in play today, but could [...]
Trading Notebook: $EG $VSCO $PEAK
$EG parallel channel where price is testing the lower channel band looking for a bounce. $VSCO bull flag re-test. Needs to bounce here, if it is going to continue the [...]
Trading Notebook: $TSLA $GLD $FBIN
Be leery of rising resistance that has consistently pushed back on $TSLA of late. $GLD pushing through multi year resistance dating back to 2020. $FBIN bull flag working in the [...]
Trading Notebook: $NKE $PFE $WSM
$NKE broke its rising trend-line but may be attempting to find some support here that goes back to June. $PFE declining channel with a retest on the upper band here. [...]
Trading Notebook: $VIX $MP $RCL
$VIX once again killed. $MP Strong breakout today for MP through resistance. $RCL recapturing the steep rising trend-line following CCL earnings coming in strong.
Trading Notebook: $SPY $FDX $GOOGL
$SPY Kinda looks like a rug pull if you ask me. $FDX long-term trend-line worth watching especially as it is trying to hold it despite the massive gap lower. Diamond [...]
Trading Notebook: $PENN $AFRM $DKNG
$PENN has struggled to hold the breakout above resistance and is once again attempting to change that theory with another breakout attempt. Amazing breakout for $AFRM, but currently running into [...]
Trading Notebook: $XLE $GPCR $NIO
Energy sector failing to push through the declining channel. $XLE $GPCR these days there's no limits to what the bulls won't go to, to buy the dip. This time off [...]
Trading Notebook: $DKNG $BA $COST
Head and shoulders nearing a confirmation on $DKNG What changed in from 11 straight weeks of declines for $BA where nobody wanted the stock to 7 straight weeks of dramatic [...]
Trading Notebook: $TSLA $LLY $RIVN
$TSLA clean break of declining resistance with old-trend-line resistance now looming, has previously struggled to push through in the past. Triangle pattern starting to break here, but just underneath it [...]
Trading Notebook: $GLD $SLV $PFE
$GLD attempting to put in a new higher-low, following FOMC. $SLV bouncing off of the rising trend-line, suggesting it doesn't believe inflation is over. $PFE breaking through some major support [...]
FOMC Statement: December 13, 2023
FOMC Statement Recent indicators suggest that growth of economic activity has slowed from its strong pace in the third quarter. Job gains have moderated since earlier in the year but [...]