Did well with my short play on Z1P, gap up nicely then fail to pass $5.37. Got in at $5.34 with a stop at $5.39 with 1,500 shares. Reduce my position at 1 R by 30% then got out the rest at $5.26, quick scalp play to the downside.
I like to calculate the stocks Standard Deviation of 1 year data, hence why $5.37 is a key level.
After running up due to corporation Buybacks, MCD has failed to hold those new highs as heavier than normal Dark Pool Quiet Rotation™ to lower inventory of shares continues. The stock is now stepping down in a short-term topping formation.
DIS has slipped down after reaching new highs on the short-term trend. The stock gapped up in April with a Shift of Sentiment™ indicator pattern. However, Dark Pool Quiet Rotation™ has been weighing heavily on price in recent months.
$JACK keeps looking more and more interesting. While it is hard to buy a stock that keeps making new highs, the recent price action tells us that someone is accumulating a position.
We are seeing more green days than red days in $JACK.
@Ivanoff tweeted today that something is brewing and we agree. We've been watching $JACK for some time and haven't pulled the...
$IDT has been one that we have traded well in the past. The stock has a history of explosive moves. Above $8.7 and we see the stock get going and we believe we will see $10 to $12 in rather short order.
$IDT started climbing last week after reporting Q3 earnings. The highlight was the company in the quarter swung from a loss last year to being profitable. The...
The price dropped from the 9K highs to find support at the 61.8% Fibonacci retracement level around $7500.
The directional index lines did cross but on falling momentum. This is a picture of a bearish correction in an overall bullish market, so the support on the price chart should hold and so far it has bounced.
The RSI also dropped, but still remains well...
INTC is in the 5G competition this year. It has moved out of a short-term sideways pattern to a new high, but not a new all-time high. The previous all-time high of 2000 was approximately $75.00. VWAP orders are likely to chase. The pattern may shift sideways again.
Nasdaq Composite Index closed at new 2019 highs last Fri. That also coincided with the first close above the weekly clouds for the year. It remains to be our high conviction call that stocks will make new all time highs this year.