vmreyesa

vmreyesa

NASDAQ:GOOGL has been showing impressive relative strength on a weak tape. Still just watching here. #nasdaq being oversold and ready for a dead cat bounce doesn't mean risk is low. We dont want the lower price, we want the best price More on NASDAQ:GOOGL as it's a fascinating example of key concepts like relative strength, high volume up vs low volume down,...

vmreyesa

Pilot position just to have some exposure as the market is trying a reversal. The big portion of the CPI was on energy and food, and oil, wheat and commodities are crushing. I expect this to be the peak of inflation so im going to be prepare for a new risk on bear market rally.

vmreyesa Updated 

My positions reversed just before the close on the day before of the CPI reading. This short sale negative reversal setup triggered and entered it to go hedged into tomorrow CPI news.

vmreyesa Updated 

TSLA triggered a short entry at the 50-dma and along the highs of its current bear flags.

vmreyesa

X, textbook LSFB short-sale case study from the 2022 bear market. Note that $X's PE was 2 (yes, TWO) as it busted the 20-dma in late April, now its PE is 1. Don't let low PEs fool you - they in fact reflect a severe lack of demand for the company's forward earnings stream.

vmreyesa

Text book model of a 11.5 week flat base + base failure reset(constructive shakeout) + VCP with 3Contractions and massive volume dry up before the breakout and massive volume on the breakout.

vmreyesa Updated 

Short Entry: 90.81 as XOM Stalled and reversed after making a wedging rally into the peak of a potential right shoulder and also into the 50 day moving avg. Stop: 93.30 Risk: 2.49 (2.75%) Objective: 85.75 Reward: 5.06 (5.28%) 2

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Considering that the market is still very oversold and the rally attempts have been very weak, my conviction is still low on the long side. That's why im only gonna play very small positions to take a few toes on the water and stay engaged.

vmreyesa Updated 

Without a recession a lot has been discounted in the market already, but I would not fight the Fed and the tape. We are likely getting close to a trading low, but it may take more selling to get there. Short pilot position.

vmreyesa Updated 

Without a recession a lot has been discounted in the market already, but I would not fight the Fed and the tape when both are working against against me. We are likely getting close to a trading low, but it may take more selling to get there. Another pilot short

vmreyesa Updated 

Nice VCP with up volume clean breakout good %risk for positioning. Didn't buy as market is terrible and don't like defensive names as they are just names in which institutions are hiding. Its a bear market and I just want to keep my eye sharp on the patterns I like to buy from and be ready for when we have more favorable conditions. Let's see if it holds the stop.

vmreyesa Updated 

Picture perfect cup with handle breakout. Market is very bad so taking 1/3rd partial profits at 1R and backstopping to breakeven. Next 1/3rd on 2R and let the last third run for a bigger.

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Liquid Natural Gas Powerplay with nice VCP setup. Avg Cost: 28.84 Position Size: 5.5K 1.05% "Half Positioning" (500 USDs risk) Stop: 26.15 Risk: 9.32%

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Buy point: 35.20 Stop: 33.25 Risk:5.5% Avg Cost: 35.8 I was late to the trade so couldn't fill up my full defensive position. (111.25 Shares, 283.7 USD Risk) Im now 8% invested on 6 pilot positions.

vmreyesa Updated 

LNTH Power Play(High tight Flag) gets tight and offers entry. It has a nice shakeout that helps the pattern because it was wedging. This is a very competitive industry with low margins but the price action is very powerful so giving the benefit of the doubt.

vmreyesa Updated 

Bought a small quarter position as its acting very well from a test to the 50 day inside a VCP pattern. Position 8K, another 1.5% increase in exposure, now 21% overall invested. Avg Cost: 53.35 Stop: 50 Risk: 6.28% (500 USDs-->quarter of "aggressive"). Market is correcting but my portfolio is on the green and my pilot stocks are holding ok. The 55 area is a key...

vmreyesa Updated 

Another go into LMT. Bought 8k. 17.76@450.61 Stop: 430.40 Risk: 4.48%

vmreyesa Updated 

Buying a little bit of berkshire here to add exposure to portfolio. Stop at the lows of the bear market. Its like an index buy but with better relative strength. Overall exposure now: 32.8% Stop: 298.10 Avg Price: 51 @ 313.30 Risk: 4.85% Position size: 3.18%