JoelTCampbellJr

JoelTCampbellJr

If we take out last Fridays candle this gap fill would be the next actionable trade on AMEX:RSP aka Equal Weight AMEX:SPY

JoelTCampbellJr

Last Thursdays gap up would be a great pullback spot to look for support. It wouldn't pierce the weekly candle at that spot. If it doesn't support that area patience is key. AMEX:SPY

JoelTCampbellJr

With the big parabolic move now NASDAQ:CORZ looks poised to have a reset. The stock has signaled that it is overbought via the % gain above its 50D SMA as you can see by the white dots above. Friday it closed below the 8ema on the weekly chart. With CRYPTOCAP:BTC melting this weekend NASDAQ:CORZ might gap down strong on Monday. In either case its one for...

JoelTCampbellJr

AvePoint, Inc. NASDAQ:AVPT ☕Large Base - Cup (5m or 155d) 📦Small Base - Handle (28d Range < -8%) 🔊Volume - Increased on the handle and visibly larger on the weekly chart. 🪵Earnings and Sales Growth.🔥

JoelTCampbellJr

NASDAQ:RVSN Rail Vision Ltd’s recent financials seem to be improving. On April 18th, the stock flatlined, similar to an EP setup. Starting May 1st, it began to slowly make higher highs. On May 14th, we saw a tall wick candle. I’m interpreting this as a breakout retest since we continued to make higher highs each day afterwards. Today, on May 14th, the stock...

JoelTCampbellJr

NYSE:HWM Howmet Aerospace holds a lot of potential. They manufacture components for jet engines, fasteners, and titanium structures for aerospace applications, and forge aluminum wheels for heavy trucks. Aluminum products are an excellent choice to help achieve higher energy efficiencies due to their lighter weight. Just to give you an example, aluminum alloy...

JoelTCampbellJr

The earnings gap strength displayed in NYSE:HWM is very impressive. I expect this one to be a market leader.

JoelTCampbellJr

NASDAQ:SMCI is an A+ setup I entered into this morning. These are the kind of setups I need to sit on my hands more often and wait for. Stop taking stabs at lower quality stuff. Reports great earnings. Gets tight then boom breakout on rVOL. I noticed the delayed earnings reaction this morning. The rVOL was outpacing the market and the relative strength it...

JoelTCampbellJr

Pre-Market Plan - Friday May 10th, 2024 Market Direction Its hard not to be bullish anymore. Breadth INDEX:S5FI 🟢1YR 🔴5YR INDEX:R2FI 🟢1YR 🟢5YR TVC:VIX (Inverted) 🟢1YR 🟢5YR TA AMEX:SPY 🟢Above the 50D 🟢3 Green Closes TVC:VIX 🟡Steep Decline and has gotten very low. Careful NASDAQ:TLT 🟢 Looks Bullish (Not my expertise) Oil and Copper TVC:USOIL 🟢Cup...

JoelTCampbellJr

I will not be surprised to see NASDAQ:TSLA trade at $100 this year. Looks extremely overbought here and I want to participate.

JoelTCampbellJr

Classic Darvas breakout and a reliable repeating pattern. Looks great!

JoelTCampbellJr

🟡Breadth - Stocks Above 50 Day 🔴 AMEX:SPY Red Light 🟢 AMEX:IWM Green Light 🟢 TVC:VIX Green Light 🔴Leaders NASDAQ:NVDA NASDAQ:SMCI NYSE:CPNG They are not leading but it's also feeling like there might be a changing of the guard or at least some of the guards? (New Leaders Emerge) 🟡Risk Appetite 🟢 NASDAQ:TSLA NASDAQ:DJT ...

JoelTCampbellJr

Not that I feel super bullish but market breadth and market leaders NASDAQ:NVDA NASDAQ:SMCI NYSE:CPNG all pointing in that direction. I suppose it's a shut up and play the setup moment for me NASDAQ:PAYS held up well during all this mess. She got high and tight and has the fundamental fuel to move it.

JoelTCampbellJr

I been waiting a long time to start a position in this one. Not very many megacaps end up on my list. I scan for fundamentals then look at TA for entries. The numbers really set this one apart. ROE +89.52% EPS Diluted Growth QoQ +780.12% EPS Diluted Growth Quarterly YoY +1824.54% EPS Diluted Growth TTM YoY +8305.52% Revenue Growth QoQ +22.28% Revenue Growth...

JoelTCampbellJr

While the market leaders are indicating risk on measures are still in place there is some good news in market breadth using 10 Day MAs. AMEX:SPY Stocks Above 50 Day - Flipping Green AMEX:IWM Stocks Above 50 Day - Flipping Green TVC:VIX Inverted - Flipping Green

JoelTCampbellJr

NASDAQ:AMD is trading at a PE multiple of 296. Their CEO has done a very good job building confidence in the company but unfortunately the euphoria is over. The numbers don't jive and the market is starting to come to grips. Time for a reset of expectations. The Psychological Pitfalls of a Market Cycle at its finest

JoelTCampbellJr

According To Elliot Wave Theory Wave iii typically is an extended wave. This means on a smaller scale (Since Waves exists within waves) starting at the ii we just completed 1 wave and will build the extension for another wave to run to the top of the iii.

JoelTCampbellJr

Small Cap Stocks AMEX:SPSM AMEX:IWM are ready to make some big moves. Take a look at this chart AMEX:XLG Mega Cap and the AMEX:SPY The S&P 500 have both broke near term resistance an imply a move upwards. AMEX:SPMD Mid Cap and AMEX:SPSM AMEX:IWM Small Cap stocks should follow. Lead Lag.