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
90 % stocks 1 % indices 9 % other
Top Mentioned Symbols
SPX 8% | 9 AMBA 6% | 7 QQQ 3% | 4 SPY 3% | 4
MichaelGLamothe MichaelGLamothe PRO EBSB, D, 14 days ago
EBSB: EBSB attempting to break out along with the financial sector
8 0 2
EBSB, D
EBSB attempting to break out along with the financial sector

EBSB just crossed an advanced pivot at 19.10 and is looking to work its way higher. It's Relative Strength line is breaking out to new highs on the longer term weekly chart and is about to do the same on the daily chart. The 10wk line and the 50dma have proven to be important lines in the sand for EBSB and it has received consistent support at these levels. ...

MichaelGLamothe MichaelGLamothe PRO NFLX, D, 17 days ago
NFLX: NFLX getting ready to breakout again
27 0 2
NFLX, D
NFLX getting ready to breakout again

After reporting earnings back on 1/18, NFLX has spent the past few weeks consolidating on low volume. The price action has been tight and constructive which has allowed the slower moving averages (such as the 21ema) to play catch up. The 21ema is now supporting the 137.03 low made on 1/24/17. I'd use 137 or just below it as my level to play against and look ...

MichaelGLamothe MichaelGLamothe PRO GRUB, W, 21 days ago
GRUB: GRUB setting up in 2 BIG ways
60 0 3
GRUB, W
GRUB setting up in 2 BIG ways

First we see a 2 year cup with handle starting back in March 2015. Within it is a shorter 5 month cup with handle starting in September 2016 (this is also part of the large cups handle). Earnings is only 6 days away. This will likely be the catalyst that will get it to finally break out. Be prepared in case it runs ahead of earnings.

MichaelGLamothe MichaelGLamothe PRO QQQ, D, a month ago
QQQ: Stocks Soar on Trump's 1st Week in Office
22 0 3
QQQ, D
Stocks Soar on Trump's 1st Week in Office

The bulls have been waiting for a catalyst to send the Dow above 20k and it turned out to be Trump’s first week in office. The Dow broke above 20k and the S&P 500 briefly broke above 2,300 over the past few days. The key now is to see if the gains can hold. Elsewhere, the Nasdaq and Nasdaq 100 both hit fresh record highs while the small-cap Russell 2000 is still ...

MichaelGLamothe MichaelGLamothe PRO BAC, D, Long , a month ago
BAC: How to play BAC breakout ahead of earnings safely
87 0 0
BAC, D Long
How to play BAC breakout ahead of earnings safely

A common problem we're faced with when trading stocks is how to safely trade a stock that is breaking out right ahead of earnings. As we know, when a stock reports earnings, it is typically when it will be the most volatile. A stock can easily gap up or gap down +/- 10% or more! BAC is experiencing this right now. It is breaking out...well, attempting to ...

MichaelGLamothe MichaelGLamothe PRO ABCB, D, Long , 2 months ago
ABCB: ABCB setting up again and nearing an advanced pivot
28 0 4
ABCB, D Long
ABCB setting up again and nearing an advanced pivot

ABCB is closing in on an advanced pivot that is clearly visible on both the daily and the weekly charts. When pivots are visible on multiple time frames they stand a better chance at working. Here's the setup... SETUP: 2nd stage flat base Classic Pivot: 47.70 Advanced Pivot: 45.15 Support: 42.75 and rising 50dma/10wk line **note** 50dma and 10wk line is ...

MichaelGLamothe MichaelGLamothe PRO BATS, W, 2 months ago
BATS: BATS is near an advanced buy point
34 0 5
BATS, W
BATS is near an advanced buy point

SETUP: BATS is setting up within a 2nd stage flat base visible on both the daily and the weekly charts. BUYPOINTS: The classic pivot is 34.43 The advanced pivot is 33.83 SUPPORT: Support can be seen on the daily chart along the 21ema. Note how it dipped below but recovered the 21ema on 12/23 and 1/3. NOTES: On a breakout above the advanced pivot, I'd use ...

MichaelGLamothe MichaelGLamothe PRO IBTX, D, Long , 2 months ago
IBTX: IBTX setting up for another run higher
27 0 2
IBTX, D Long
IBTX setting up for another run higher

IBTX is setting up in a tight square box base (could turn into a flat base) only about 8% deep. It's getting support at the 21ema so far. There is an advanced pivot at 64. The RS line is climbing and remains near highs. IBTX is ranked #1 in its industry group and the group is ranked #3 per investors.com. There has been very heavy buying since mid-October (see ...

MichaelGLamothe MichaelGLamothe PRO MU, D, Long , 2 months ago
MU: How we've managed $MU for a +30% gain
68 0 5
MU, D Long
How we've managed $MU for a +30% gain

$MU provides us with a great case study for what to look for in a winning stock. Our Advanced Reports members have been long $MU since the advanced pivot entry on 11/14 at 17.94 The Setup: $MU set up in a relatively tight (approx 12% deep) 1st stage flat base with a classic pivot at 18.33. Within the base, $MU presented us with an earlier advanced pivot at ...

MichaelGLamothe MichaelGLamothe PRO WAL, D, 2 months ago
WAL: Potential short term bounce coming in WAL
22 0 2
WAL, D
Potential short term bounce coming in WAL

On a day where most stocks closed in the red and near their lows, WAL managed to reverse and close in the upper half of its price range. It did this on the highest daily volume in a month. This sets up a potential short term bounce. If WAL can take out today's high of 48 either tomorrow or within the next day or so, and then confirm the move by climbing above ...

MichaelGLamothe MichaelGLamothe PRO NFLX, D, 2 months ago
NFLX: NFLX is nearing a breakout
53 0 2
NFLX, D
NFLX is nearing a breakout

NFLX is getting ready to breakout again after a brief consolidation over the past week. I’m seeing the breakout level at around 125.50 on a break above the descending trend line on the chart above. Support can be seen around 121.75 also drawn on the chart above. This support level corresponds with recent lows as well as the 10ema. After gapping up on earnings ...

MichaelGLamothe MichaelGLamothe PRO CSRA, W, Long , 2 months ago
CSRA: CSRA setting up in Bullish Flag
29 0 2
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 running up after earnings on 11/9 on heavy volume, it ...

MichaelGLamothe MichaelGLamothe PRO BIIB, D, 3 months ago
BIIB: BIIB is setting up and there are a few ways to play it
49 0 2
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 because this breakout came straight off the bottom ...

MichaelGLamothe MichaelGLamothe PRO NXPI, D, 3 months ago
NXPI: NXPI is setting up in a large cup w/ handle
46 2 3
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 wide and loose and the right side of the base, ...

MichaelGLamothe MichaelGLamothe PRO NVDA, W, 3 months ago
NVDA: 3 good reasons to take some profits in NVDA
92 0 1
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 broke above a long term uptrend line (15 months). ...

MichaelGLamothe MichaelGLamothe PRO AGX, D, 3 months ago
AGX: AGX is setting up again and why I'm interested
50 2 2
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 197 While AGX has consolidated, its RS line has ...

MichaelGLamothe MichaelGLamothe PRO SPX500, W, 3 months ago
SPX500: Dip buyers showing up at the 200dma and 40wk line
92 0 2
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 the support breaks (best seen on the daily chart ...

MichaelGLamothe MichaelGLamothe PRO SPX500, D, 3 months ago
SPX500: Descending Triangle forming on SPX500 as distribution piles up
69 0 3
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 ultimately break to the downside. Caution is warranted ...

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