MichaelGLamothe

PRO
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About me Founder of ChartYourTrade.com and Co-Organizer of the NYC Investor's Business Daily Meetup Group. I follow the CANSLIM trading methodology.
Last visit Joined 2 years ago USA MichaelGLamothe chartyourtrade.com
Markets Allocation
89 % stocks 1 % indices 10 % other
Top Mentioned Symbols
SPX 9% | 9 AMBA 7% | 7 SPY 4% | 4 QQQ 3% | 3
MichaelGLamothe MichaelGLamothe PRO CSRA, W, Long , 3 days ago
CSRA: CSRA setting up in Bullish Flag
23 0 1
CSRA, W Long
CSRA setting up in Bullish Flag
CSRA caught my attention this afternoon as it consolidates on low volume in a tight controlled price range within a bull flag. I discovered this candidate as it passed my high growth stock screens. Here's a link to what I screen for: https://chartyourtrade.com/how-to-scan-for-the-best-growth-stocks/ Since ...
MichaelGLamothe MichaelGLamothe PRO BIIB, D, 17 days ago
BIIB: BIIB is setting up and there are a few ways to play it
44 0 1
BIIB, D
BIIB is setting up and there are a few ways to play it
BIIB is setting up in what can be viewed as either a 3 weeks tight pattern AND/OR a pennant on both the daily and weekly charts. This pattern is coming right after breaking out of a 4 month long double bottom and is forming on very low volume. This pattern is constructive particularly after this breakout ...
MichaelGLamothe MichaelGLamothe PRO NXPI, D, 22 days ago
NXPI: NXPI is setting up in a large cup w/ handle
43 2 2
NXPI, D
NXPI is setting up in a large cup w/ handle
The semi-conductors are getting ready to make another run (check out SMH) and there are lots of names in the space that are looking strong. I like NXPI for several reasons. Let's talk about the base: 1. It's setting up in a giant cup w/ handle that is about a year and a half long. The left side of the base is ...
MichaelGLamothe MichaelGLamothe PRO NVDA, W, a month ago
NVDA: 3 good reasons to take some profits in NVDA
83 0 0
NVDA, W
3 good reasons to take some profits in NVDA
1. This run initially began on 8/3/2015. See the volume surge on the weekly chart. Institutions that bought then are sitting on a long term capital gain. 2. We are now 71% above the 200dma. A climb to $100 (certainly possible) would put us at 100% above the 200dma which is an offensive sell signal. 3. NVDA ...
MichaelGLamothe MichaelGLamothe PRO AGX, D, a month ago
AGX: AGX is setting up again and why I'm interested
42 2 1
AGX, D
AGX is setting up again and why I'm interested
After a long run started in June of almost 100%, AGX has quietly consolidated over the past month and a half around the 10wk line. There are more than a few things I like about this setup so here we go: According to Investors.com AGX is in the #1 rated stock in its industry group and the group rank is 27 out of ...
MichaelGLamothe MichaelGLamothe PRO SPX500, W, a month ago
SPX500: Dip buyers showing up at the 200dma and 40wk line
91 0 1
SPX500, W
Dip buyers showing up at the 200dma and 40wk line
So far dip buyers have shown up at the 200dma and the 40wk line. On the weekly chart, note that 2 layers of support were already taken out at around 2135 and 2110 (former chart highs). The new support levels are round numbers (currently battling for 2100) and the 40wk line. I also think its interesting that ...
MichaelGLamothe MichaelGLamothe PRO SPX500, D, a month ago
SPX500: Descending Triangle forming on SPX500 as distribution piles up
69 0 2
SPX500, D
Descending Triangle forming on SPX500 as distribution piles up
Over the past 2 months the S&P 500 has formed descending triangle with a support level between 2110 and 2100. As the triangle narrows, the distribution days have piled up once again. Price has lived below the 50dma for the past 20 trading days. The longer we live below the 50dma, the greater the chances we ...
MichaelGLamothe MichaelGLamothe PRO ABCB, D, 2 months ago
ABCB: ABCB looking ready to break out of a flat base
28 3 2
ABCB, D
ABCB looking ready to break out of a flat base
There are a few things I like about this setup: All moving averages are accelerating The RS line is near highs Price action is tightening as we approach the pivot Clear support along the 50dma so far Strong industry group (top 50 per IBD) and other stocks setting up within the group Earnings is already out of the ...
MichaelGLamothe MichaelGLamothe PRO PAM, D, 2 months ago
PAM: PAM setting up on daily/weekly time frames
153 0 0
PAM, D
PAM setting up on daily/weekly time frames
It's always optimal when whatever it is that we're interested in trading to be setting up on multiple time frames. Here, PAM is setting in in a 4wks tight pattern on the weekly chart, and in an ascending triangle on the daily chart. A quick look at the volume bars shows us that PAM is presently being ...
MichaelGLamothe MichaelGLamothe PRO STS, W, 2 months ago
STS: STS on the radar w/ trendline breakout attempt
17 0 0
STS, W
STS on the radar w/ trendline breakout attempt
STS is setting up within a square box base. The classic pivot is at 19.83. There are 2 advanced pivots Trendline breakout (see daily chart) 19.34 Support has developed around the former high of 17.77. This support area was test twice already. STS is now finding support along the 21ema. If STS breaks out ...
MichaelGLamothe MichaelGLamothe PRO GRUB, D, 2 months ago
GRUB: Former resistance turning into support for GRUB at $40
12 0 0
GRUB, D
Former resistance turning into support for GRUB at $40
$GRUB is trying to maintain support at the $40 level. This area served as resistance from the end of July through the end of August. After that GRUB broke through and the $40 level has since been an area of support. So far today that level has been successfully tested and is creating a pretty good reward:risk ...
MichaelGLamothe MichaelGLamothe PRO REN, D, 2 months ago
REN: How you could have played the bounce in $REN
27 0 1
REN, D
How you could have played the bounce in $REN
Here we have a great example of a former resistance level turning into support. The $20.48 level was a clear resistance level that $REN broke through on 9/2. This level was retested on 9/27. With the 21ema right around this area, it increases the chances of a potential bounce. Additionally, on 9/27, $REN dipped ...
MichaelGLamothe MichaelGLamothe PRO SPX500, D, 2 months ago
SPX500: There's a LOT of distribution days piling up on the S&P 500
147 0 4
SPX500, D
There's a LOT of distribution days piling up on the S&P 500
The distribution day count is presently at 11 and today's distribution day is coming on some pretty heavy volume relative to the other distribution days we've had recently. A distribution day count of 11 is extremely high, the highest we've had since the crash in August. On top of that, we're also seeing a ...
MichaelGLamothe MichaelGLamothe PRO TSEM, D, Long , 2 months ago
TSEM: TSEM looking interesting off the 50dma
12 0 0
TSEM, D Long
TSEM looking interesting off the 50dma
After gapping higher on earnings, TSEM has consolidated sideways over the past month and a half. It has approached the 50dma and has so far found support at it. Support can also be seen around 14.77. This level has been successfully tested 3 times so far. See if both 14.77 can hold as well as the 50dma. If ...
MichaelGLamothe MichaelGLamothe PRO SPX500, D, 2 months ago
SPX500: Potential 9th distribution day on the S&P 500
75 2 2
SPX500, D
Potential 9th distribution day on the S&P 500
Volume is already tracking higher on the S&P 500 and if the price action remains where it is now around 2150, we'll definitely be looking at a 9th distribution day. To top it off, we will also have a distribution cluster which is 4 or more distribution days over a rolling 10 day period. The indicator below the ...
MichaelGLamothe MichaelGLamothe PRO WAL, D, 2 months ago
WAL: WAL nearing breakout from 1st stage cup w/ high handle
20 0 0
WAL, D
WAL nearing breakout from 1st stage cup w/ high handle
This chart pattern can be seen in a few different ways, all of which are bullish. I see this as a potential inverted head and shoulders, a "VCP" (volatility contraction pattern), and a cup with high handle. For now the cup w/ high handle gives an advanced entry point right at 37.56 This can be played vs the ...
MichaelGLamothe MichaelGLamothe PRO AMBA, D, Long , 2 months ago
AMBA: AMBA approaching short term resistance at 70
14 0 1
AMBA, D Long
AMBA approaching short term resistance at 70
AMBA is testing the $70 level again today. Since reporting earnings on 9/1 it has spent the month consolidating and finding support along the 50dma. It broke above a descending trend line this morning and is now contending with resistance at 70. Continue to watch support around the 50dma. AMBA has yet to ...
MichaelGLamothe MichaelGLamothe PRO TWLO, D, Long , 2 months ago
TWLO: TWLO breakout above trend line resistance
71 0 1
TWLO, D Long
TWLO breakout above trend line resistance
TWLO broke out today and volume is tracking slightly above average. There are actually multiple breakouts on this chart... 1. Trend line breakout 2. Break above the 5ema 3. Break above resistance at 59.40 4. Break above resistance at 60.69 I like the 56.50 level as near term support. That is the point were the ...
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