About meI post these charts for my own record. I use them to look back at my previous ideas and decisions and to improve upon them.
This is not financial advice, nor is a suggestion to buy or sell any security.
Stock has declined in lower volume. Great volume on big up days Feb 5 & Feb 24. It shows the sign of just having come down along with all tech.
Mutual fund ownership increased 19% from the previous quarter.
Great EPS an Revenue growth last two quarters.
Long @ 58.79, average of two buys during the day @ 58.43 & 59.16.
Looking at TWTR another strong stock in the...
NASDAQ:FB stock broke a short term resistance around $246 last July. The $246 area became support and has remained as such for last 7 months. It has been tested at 3 different occasions.
On the upward side FB has been battling a downtrend. It has tested a descending line 3 times.
FB has been lagging the SP500 for the last 4 months.
I don't currently have a...
While the SP500 is making new highs, the number of the SP500 stocks above their 50 days line is trending down. This is indicative that the move higher is not being supported. I would expect a correction in the next few days.
I am short SP500.
Had ordered pullback in reasonably low volume along with market correction.
IBD Composite rating of 99
IBD RS rating of 96
Long @ $80.41, smaller position than usual, just dipping my toes in the water given the current market.
All signs from the past few weeks action, starting on September the 3rd, point to a continuation down or in the best case scenario sideways move for probably a few weeks. Today the QQQ failed on the 50 days line and went down in higher volume than the previous day.
Even if there is a sudden bursts of good news, given the sharp drop that we had from the 3rd, there...
IBD Composite rating: 98
IBD RS rating: 94
4th time I trade this stock in the last 3 months. Was able to make a profit in 2 previous reversals above the 50 day line. Took a loss once on a failed breakout.
Long @ 425.03
Looks good for a continuation higher given the market going higher from here. Price/volume action in lower time-frames (15 minutes) very bullish. In theory a coming split is good for the stock, in reality is a neutral factor, but could be be psychological factor. Inclusion in the S&P 500 could be a good catalyst higher.
IBD rating of 97
RS Rating of 99
Long @ 1586.72
Picked this one yesterday when it broke the previous high from Aug 7 in greater than average volume at opening. This is out of character from the growth, healthier names that I trade, but a rotation is going on and growth is not working. This is the best chart of the laggards I am looking at: cruises, airlines, etc. Pushed higher in huge volume after earnings.