Early next week important inflection point as the rest of the market decides if its ready to join mega/large caps or flop. AMEX:IWM
NASDAQ:GNTX grabbed my attention this weekend. Not in gear right now to be jumping on breakouts to new highs (speaking for myself). head and shoulder neck line breakout confirmed and tested successfully.
Nice looking continuation head and shoulders pattern on NYSE:FRO After today's action. Its time to sit out and let things settle in for now. Hard to be jumping back in right away.
A trend continuation inverse head and shoulders pattern here would be so bullish for small caps. AMEX:IWM #LetsGo! #Bulls AMEX:SPY NASDAQ:QQQ
Looking back at 2023, AMEX:IWM shows very clearly the 3 opportunities this year provided on the long side (for my style of trading). To use the words of @Zeninthemarkets Scott from #IBD * Green Zone = "Market on the Give" * Red Zone = "Market on the Take"
NYSE:PLTR has a vulnerable look to it here if it doesn't find buyers very soon. AI so far hasn't showed up to save this one. Looks more like going lower vs higher.
NYSE:FN parked at an inflection spot ahead of FOMC tomorrow. I already have a position. Chance to size up if conditions tomorrow favors doing so.
NYSE:PLTR Failed Breakout Reset? Doesn't look quite right. Would like to see it shake out here. Probably goes without me.
Not much out there ready for Monday. Plan is to stay away from screens and let things/open positions "simmer". NASDAQ:MMYT is literary the only setups that interests me. Failed Breakout Reset setup.
XETR:ALV got that confluence of trendline and horizontal supply. Don't like the volume pattern on the far right with wide daily swings. That said last 2 days calmed down a bit.
NASDAQ:INSM earning coming up Thursday but one to keep an eye on. Nice volume pattern ahead of that event.
I could be wrong here (have been plenty in the past), but this NASDAQ:NVDA chart doesn't really scream bullish. Wedging back up into potential right shoulder. There are some names that are showing strength & holding but still feels that exposure need to remain a bit low here. Tricky!
Holding above its recent breakout and showing uptrending RS line against the market. Nice pivot right on top of its 50 moving average line. Top notch fundamentals as well.
Liquid stock in enterprise software setting a nice cup with handle pattern. Very look risk entry right here. Focus list for me tomorrow.
This liquid leader is getting tight at its 50 MA. Liquid AI leader. Tricky spot as this could go either way. Infliction point tomorrow. Big watch item.
If institutions really want NYSE:SHOP , it should stat finding support here and turning back up. Let's see how it continues to react to its 50 MA.
NASDAQ:IBKR refuses to give in showing clear out performance with this market retreat. Still holding above its recent base breakout. One to watch.
NASDAQ:AMZN looks interesting pulling back after its earning gap up. * Earning gap up on volume * pullback to 50 MA * Closing the gap on much lower volume * Stabilizing and turning back up