jaxdog

jaxdog Updated 

$LSCC This chart is a near perfect base and break on Feb 1, 2023, with big volume and more volume on follow thru. Then a base on base just prior to earnings with another base break on earnings with big volume. Then the usual profit taking / shakeout pulling back to the breakout area. I started a position on Feb 28 when price went thru the pullback base and I was...

jaxdog Updated 

Look for a break-out or breakdown out of this formation. I lean bullish "if" the market cooperates. I have alerts set for either direction. Ideas, Not investing / trading advice.

jaxdog Updated 

A few weeks ago I published the $SPX chart looking for a breakout of the down sloping trendline and it broke thru. However, it had a tough time at the more traditional Neckline on this head and shoulders pattern. Looks like we may have a successful retest and bounce from the prior resistance downtrend line now maybe support on the same line. I am openminded about...

jaxdog

$PI I've been watching this stock for a few months and have yet to make a trade. I do however, like how it's consolidating here in a tough market. I have an alert set when/if it breaks above the short downtrend line to take a long position. Of course it could also break down. Let's see what happens. Ideas, not investing / trading advice.

jaxdog Updated 

$ENPH got beaten up after earnings I suspect the reason is that one of solar’s biggest markets, California, is changing how it pays for excess solar generation or commonly called “NEM Charges.” In a nut shell it stretches out the payback period from 5 years to 9 years (Assuming you buy the system) so what will that do for demand? ( That was finalized by CA PUC in...

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KLA Reported earnings On Jan 26 and beat estimates by $0.30 and guided revenues higher. They did guide earnings lower than expected. As a result the stock has moved around quite a bit since then. But now it looks to me that we have both a Pennant Pattern and a VCP pattern. Of course, it can break either way. I’ll be looking to go long if it can break above the...

jaxdog

Look at chart for mark-up. I'm long from this morning. It's breaking out on the daily, IMO. Ideas, not investing / trading advice.

jaxdog

I bought this last week in my longer term investment account. Tech has been strong since early January and has suffered in this bear market. I've added again today to bring this up to 1/2 size position. See notes on chart. $SOXX has a similar looking chart and I opened a 1/4 size position in that today in the same account. Ideas, not investing / trading advice.

jaxdog

$ARKK has broken out of a long base here and on big volume. It has a run rate today that is on track to be 3-times average daily volume. I have a ½ size position in this as I think it’s a big player if 1. $TSLA continues it’s run, 2. Small Caps continue to run and 3. If Mid-Caps continue to run. I expect if those things are true, ARKK may have some out sized moves...

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So far on the weekly chart, it is safe to say we are still in a downtrend. Many are saying the bottom is in. I hope so, but I am keeping an open mind about any scenario. I am looking forward to next week. If we can; 1. Break thru the downtrend line and then 2. Break above and hold above the H&S Neckline, we may well have seen the bottom. All is yet TBD. This is...

jaxdog

See Notations on chart... If this continues a good trade may be $ARKK? TBD. Ideas, not trading / Investing advice.

jaxdog Updated 

I have been in and out of this name 4 times in the last 6 weeks. Combination of all trades is just better than breakeven. Maybe the 5th time will be the charm? I like the story behind the stock as a recent IPO. It has yet to have real earnings, but sales keep increasing (See Earnings Box). As you can see, I have a small starter position. I will look to add once it...

jaxdog Updated 

FLR has been basing now for 11 weeks and has been trying to get over that top area of resistance. One negative thing and probably the thing holding it back is the EPS have declined in the last 2 quarters. But sales have risen. I don’t expect this to be a barn burner, but a 10% move is a fair probability. I had an alert set that triggered today (again) but I’m...

jaxdog Updated 

$ADBE is showing great RS here. It is forming both a flat base and a VCP at the same time. The RS Line has the green dot and the $SPX is below the chart with the orange line where you can see the divergence and RS. The green dots are saying there is RS before price is likely to break-out (thanks @JohnMuchow which has great indicators here on TV). ADBE is running...

jaxdog

Copa Holdings is in the Airline and Air Transport business mainly in emerging market areas. I’ve marked up this weekly chart and missed it as a trade in November 2022. It’s now looking like it may be ready to breakout of a 2-year base / area of resistance. See notes on chart for more details. I’ll be ready this time as I set an alarm on the 2-year base area (it...

jaxdog Updated 

Looks to me that the $SPY could be in the process of forming a H&S Pattern on the weekly chart. I’ve drawn in 2 necklines which can also be called Lines of Resistance. For now, I have an alert set at the more aggressive downtrend line. However, it would not really confirm the pattern until it is decisively above the more traditional Neckline. I did another post...

jaxdog Updated 

Looks like $SPY “May” have put in a higher low on this weekly chart. Today it has moved over the 30 Week SMA and is touching the bottom of the 40 Week SMA. It has also recaptured the 10 Week SMA. “IF” it can get up and over the $410 area, I think it makes a good case for the low is in. All TBD. Just sharing thoughts here. This is not a trading idea, at least on...

jaxdog Updated 

INMD has preannounced revenue expected to be above previous estimates. I have this on my watchlist for a breakout to the upside. It is clearly in a stage one consolidating after a brutal selloff. I have an alert set at R-1 for a breakout of this VCP area. Keep in mind if you like this idea that there is a lot of overhead resistance. I’ve marked areas I think are...