August 2024 Performance Report (
#56
) for our stock market swing trading systems has been published.
#TradeRiskSystems
📉Highlights:
• 48 closed trades
• 43.75% win rate
• 0.64 average win-to-loss ratio
#SwingTrading
📈 In a strong or improving stock market environment, I like adding the
@IBDinvestors
Leaderboard lists to my daily routine to keep a pulse on what sorts of individual stocks are setting up and leading the charge🚀
#IBDPartner
Investor's Business Daily Leaderboard makes it super easy to find the top stocks in the market, set alerts, and organize them into watchlists.
@IBDinvestors
Give it a try here:
#IBDPartner
#Ad
NEW VIDEO: Does buying stocks hitting new 52-weeks highs lead to profitable results? We build the strategy and analyze the returns. Tune in to episode 2 of
#BeyondTheCharts
Enphase building up energy on the right side of this base. 98 composite rating on
@IBDinvestors
Leaderboard and a rising RS rating. Good leader to keep an eye on $ENPH
New podcast episode is live!
Brian Shannon (
@alphatrends
) joins me to break down is swing trading framework, chat anchored VWAP, & share just a ton of actionable trading wisdom.
🎙 Apple Podcasts:
📺 YouTube:
Please enjoy!
4 days down and a 75% retracement of the earnings pop and $ZM already looks ready to resume higher. We discuss this chart along with: $IWM $VIX $OTRK $COOP in today's video:
#Stocks
#Trading
Looking for the $QQQ to sustain lower? We're really going to need to see majors like $AAPL start to crack. Tough to budge so far, but keep an eye on weekly close. Chart courtesy of
@IBDinvestors
Leaderboard
#IBDPartner
Got a nice looking expansion in range today in Pinterest clearing some nearby highs on heavier volume seen here on
@IBDinvestors
Leaderboard Charts. Current long holding in our Merlin Trading System (disclosure: long) $PINS
#IBDPartner
2 circuit breakers in one week, VIX to 77, and a 25% overnight drop in crude oil – what a time to be a trader. Here's our recap for the week and some thoughts moving forward: $SPY $QQQ $GLD $USO
#Stocks
#Trading
A day to take notice for commodities, specifically oil which is seeing its heaviest volume traded since early 2020 and a thrust below this multi-month upward trajectory. $USO $CL_F
$VEEV a setup we've been tracking for a couple weeks now scoring a 99 on
@IBDinvestors
Leaderboard starting to take shape here over 160 and above recent downtrend. Keep an eye on this name.
#IBDPartner
This upcoming Tuesday Jan 17 the one and only
@PatrickWalker56
and myself will be live together taking questions and chatting markets and trends for the new year.
Join us here:
Haven't looked at Beyond Meat in a while since all the hype died down but it seems to be coming alive here rounding out a base and climbing on increased volume.
@IBDinvestors
Leaderboard pointing out that 167 breakout level. $BYND
#IBDPartner
Bearish engulfing weekly bars are the types of candles you see at intermediate trend turning points. Fortunately for bulls, the 1-3 month trends are still in tact (so far). We discuss all of this weeks action here: $SPY $IWM $QQQ $VIX $TLT
#Stocks
#Trading
NEW PODCAST:
@PatrickWalker56
joins me in episode 1 of Smarter Trading to chat about the importance of price & volume, the dangers of 5-minute charts, and why you need to take care of yourself to perform at a high level. Enjoy here:
Looks like we're about to get some new short-term information from mr. market depending on how it resolves this tight four day range. We discuss possible outcomes in today's midweek recap video: $SPY $IWM $QQQ $GLD & more
#Stocks
#Trading
New podcast episode is live!
Kunal Desai (
@kunal00
) joins me to chat all things day trading, momentum, and leveraging fundamental stock catalysts.
🎙 Apple Podcasts:
📺YouTube:
Please enjoy!
Axon Enterprise ignoring the broad market weakness on Friday and closing at the top end of its range and new all time highs. 97 composite rating on
@IBDinvestors
Leaderboard $AAXN
#IBDPartner
Volume pouring into $TNDM today as it breaks over this multi-week downtrend line. 90 composite rating on
@IBDinvestors
Leaderboard platform
#IBDPartner
This 3410 area is a doozy. Third attempt and failure, but at least the level is clear. We discuss this chart and more in today's video: $SPY $IWM $QQQ $VIX $TLT & more
#Stocks
#Trading
Sage Therapeutics starting to break out of a two-year long range and potential bottoming pattern. Lower float on this one, so buyer beware, but nice technicals and composite rating lining up here on
@IBDinvestors
Leaderboard $SAGE
#IBDpartner
Oil liquidation continues for the 15th down day out of the past 19. Technically oversold and coming into prior support. Careful trying to catch, but worth watching. $CL_F $USO
Golds up 15% year to date and is on day 50 of a consolidation at multi-year highs. Looks primed to move out of this range soon. We discuss this chart and a whole lot more in our weekly stock market video: $SPY $IWM $QQQ $GLD
#Stocks
#Trading
Long bond $TLT extending to its largest off-the-lows rally all year long. Back in August we had a 30 day 11% rally.
This current rally has a steeper slope, 22 days at +12%.
(no position)
Here we go again. Russell 2000 down 6 days in a row, closing below its lower Bollinger Band, and back in this zone of prior support. Is this time different or just another buying opportunity? $IWM $RUT
Real estate caught our attention this week as it challenges highs in this 5 month consolidation. Watch these upper 37s for a breakout. This and more discussed in our weekend video: $SPY $IWM $QQQ $XLRE $XBI
#Stocks
#Trading
US Dollar wrecking ball in full swing today surging to fresh year-to-date highs. Remember how loud and "obvious" the short Dollar narrative was at the start of this year? $DXY
Looks like character of the Nasdaq finally flipping script here. High volume outside reversal at resistance. Chart highlights potential levels of interest if sellers pick up steam. $QQQ $NDX
Here's a look at recent market pullbacks since the Christmas Eve lows. About -7% over 4 weeks has been the higher low sweet spot. More on this in our weekend video: $SPY $IWM $QQQ
#Stocks
#Trading
That high volume Disney breakout in November continues to consolidate on lighter volume over this 142 level. Longer term action looks constructive, let's see if buyers step up soon. Chart annotations via
@IBDinvestors
Leaderboard product $DIS
#IBDPartner
The Seattle
@StockTwits
traders and investors meetup is going down tonight at Art Marble in SLU. If you're in the area, come on out say hi and join us for discussions on all things stocks, crypto and more.
One of the ideas we discussed in today's video was $SNAP setting up nicely here on the weekly. No trigger yet, but on watch. This along with $CLPT $POWW $APO $DLTR $RH:
#Stocks
#Trading
Netflix $NFLX was one of the names we discussed today as it pulls back into this retest zone. Time to find out if buyers can commit to the breakout. Also talked $GSX $AMAT and $SAFE:
#Stocks
#Trading
Bitcoin has covered a lot of ground over the past 6 days but it's running into the top end of this 3 month channel where we've seen motivated sellers routinely show up. What do we think, range breakout incoming or sell for more chop? $BTC.X
#bitcoin
New learning center article published!
The Importance of Following a Rules-based Trading Framework
☑️ Reduce self-sabotage
☑️ Find trading edges faster
☑️ Manage risk smarter
Read it here:
#trading
#investing
That $MSFT chart on a 1 year timeline really makes the recent pullback look pretty innocent checking back to long-term 140 support. No carnage and still very much holding its leadership status with an
@IBDinvestors
Leaderboard score 98/100
#IBDPartner
Nice weekly breakout getting underway in the Dow Jones Industrial Average as technology stocks take a breather. We break down this week's action in our latest video:
📽️
$SPY $QQQ $IWM $DIA $USO
#stocks
#trading