flywsam

flywsam

Looks like good earnings stability and growth is there. Cup and handle pattern has a history of failing to follow through. If this group gains RS, look for a change in character and breakout through 49.

flywsam

Defensive Plan Planning staggered stop if breakout does work right away 50% sell breakout day low 75% sell 20 D MA 100% sell 50 D MA Aggressive Plan The plan could change to be more aggressive if the setup improves after an orderly pullback or tightening to new highs IBD RATINGS FOR MAR ChecklistRating Composite Rating98Pass EPS Rating79Fail RS...

flywsam

Solar stocks looking strong. Also, see SEDG. IBD composite 95

flywsam

IBD 89 Composite Group ranked 24/197 40% EPS YOY increase Watching for continued strength. Needs to build a pattern and pivot still.

flywsam

Good RS, Low volume during sell-off days, Tightening price action towards breakout pivot, IBD Composite rating 97, EPS 98, RS 99

flywsam

SPY 2020 bull cycle that was sparked by quantitative easing vs inflation-adjusted data. This is the biggest threat to the middle class. Most jobs cant afford to pay their employees the wages they need to keep up with rising living costs. However, investors, business owners, and entrepreneurs are getting great opportunities.

flywsam

Comparison of the SPY versus SPY adjusted for inflation. This is probably the biggest threat to the middle-class today. You cant outperform the growth of inflation in a majority of typical jobs as an employee. However, a good business owner, entrepreneur, and investor can easily outperform inflation. Stay safe friends!

flywsam

IBD industry group ranking 15/197. The inevitable interest rate hikes a clear factor

flywsam

Compare with the rest of the Industry Group. STX is the leader in price action. SGH is a similar setup.

flywsam

If oil continues strong, this could try a range break into new highs with no overhead supply. What seems high could go a lot higher.

flywsam

Earnings inbound, strong downtrend, bad market... Just watch new range characteristics unless you like to gamble. This needs to clear overhead supply and resistance before it becomes buyable. The best case scenario for bulls is this builds a new base. Any parabolic moves are suspect to mean reversion setups the following days.

flywsam

Seems like the best trades in this current market conditions are bounces off rising support

flywsam Updated 

Seems like this stock has strong support and more good surprises than bad. ADR is over 6! Earnings are upcoming. I would love to see an early entry opportunity to allow me to hold through earnings for another potential breakaway gap as seen in Aug2021.

flywsam

This thing just won't go away. Consistent and orderly support. Fast-moving potential. Company Fundamentals EPS Due Date2/8/2022 EPS % Chg (Last Qtr)62% 3 Year EPS Growth Rate12% EPS Est % Chg (Current Yr)51% Annual ROE17.4% Sales % Chg (Last Qtr)34% 3-Year Sales Growth Rate5% Debt %2% Market Cap $917 Mil Annual Pre -Tax Margin15.2% SectorBusins Svc Industry...

flywsam

We will see how well breakouts work in 2022, but I wouldn't be surprised if this stock is a leader. Company Fundamentals EPS Due Date3/4/2022 EPS % Chg (Last Qtr)800% 3 Year EPS Growth Rate0% EPS Est % Chg (Current Yr)0% Annual ROE0% Sales % Chg (Last Qtr)17% 3-Year Sales Growth Rate8% Debt %0 Market Cap $625 Mil Annual Pre -Tax...

flywsam Updated 

FTNT looks like a standout on the chart. I really like the last breakout attempt was on +780% volume with over mil shares traded. The moving averages look very orderly. Now it just needs a good entry, breakout, and follow-through. Coming off of 2 flat bases recently. Is in a really strong industry group. Watchlist worthy.

flywsam

Like most momentum stocks, FCX is having trouble taking out the ceiling. Its at a pivot of a cup and handle formation now. Volume has been light during the Santa rally but has big potential reward vs a small risk if breakouts begin to work in this market. I would love to see continued relative strength in the setup and big volume confirmation if it can move up...

flywsam Updated 

First attempt at publishing an idea. Moving average looks in a strong uptrend. Strongest industry group.