$ATI – UPDATE: +2.64R, Here Comes Earnings
Posted inATI

$ATI – UPDATE: +2.64R, Here Comes Earnings

This has been a nice trade. It keeps bumping up against my 3R goal but hasn't quite got there yet. In the meantime, it's been displaying some nice tennis ball action. Earnings are going to be on Thursday, February 2, before the open. I'm comfortable…
January 30, 2023No Comments
$PMTS – UPDATE: +0.15R, Sneaky Move
Posted inPMTS

$PMTS – UPDATE: +0.15R, Sneaky Move

This one made a sneaky move. It squatted right after I bought it. The next day it made a scary move breaking the channel resistance. It turned out to be a channel shakeout as it closed right back at the channel resistance, on increasing volume.…
January 30, 2023No Comments
$AGYS – UPDATE: +0.40R, On Guard
Posted inAGYS

$AGYS – UPDATE: +0.40R, On Guard

I like this trade, but I need to stay on guard. I like that big shakeout after earnings that closed back above the PoLR on big volume. I like how 2 days later it made a KO recovery. Big volume on a down day but…
January 30, 2023No Comments
$TH – BUY: Addon @ $17.46
Posted inTH

$TH – BUY: Addon @ $17.46

The order filled at the open and squatted soon after. It retested the PoLR and the 20-day MA, where it bounced back, but still closed bad. Nothing has been violated so I'll let it run for a bit. Buy Details
January 26, 2023No Comments
$PMTS – BUY: @ $36.05
Posted inPMTS

$PMTS – BUY: @ $36.05

It squatted soon after the order filled. It bounced a bit off the channel resistance to close off the lows, but still not a great close, especially since it was below the 20-day MA. If it follows the channel, it should still work out. Buy…
January 26, 2023No Comments
$TH – PENDING: Addon at Retest of PoLR
Posted inTH

$TH – PENDING: Addon at Retest of PoLR

This has been moving back down, pretty orderly, to retest the PoLR. That's a pretty typical event which gives another buying, or addon, opportunity. The volume has gotten down to very little and was an inside day relative to the day before. It made about…
January 26, 2023No Comments
$PMTS – PENDING: The Handle Looks Handled
Posted inPMTS

$PMTS – PENDING: The Handle Looks Handled

The handle appears to be ending. That channel shows the handle of a very big cup. It hasn't quite BO of that channel, but today it recovered from a little volume pullback yesterday with an increasing volume move higher. Today's higher move on about average…
January 25, 2023No Comments
$LKNCY – REMOVE PENDING: Too Volatile
Posted inLKNCY

$LKNCY – REMOVE PENDING: Too Volatile

I still like this but moving it back to my secondary watch. I misjudged that last contraction. I thought it was nice and tight, but it had other plans. Fortunately, the order never filled, but that's the advantage of buying into strength. If it turns…
January 25, 2023No Comments
$AGYS – BUY: Good Decisions Make Me Happy
Posted inAGYS

$AGYS – BUY: Good Decisions Make Me Happy

Yesterday evening I was chomping at the bit to place an order at the PoLR for today. However, I did not. Earnings came out last night and were good. More growth in EPS and margins, YoY and QoQ. Even though, the acceleration of growth came…
January 25, 2023No Comments
$AGYS – WATCH UPDATE: I Really Want to, but…
Posted inAGYS

$AGYS – WATCH UPDATE: I Really Want to, but…

In the last update I mentioned getting the little volume I wanted to see. That happened right after a BO attempt failed, and the following contraction remained tight. That tightness seems pretty strong to me. Today it made a nice move back towards the point…
January 23, 2023No Comments
$LKNCY – PENDING: Buy Order at Pivot High
Posted inLKNCY

$LKNCY – PENDING: Buy Order at Pivot High

Summary The pivot was actually yesterday. Today it took out the high then squatted. I'm going to take advantage of the squat and place a stop/limit buy at yesterday's high. My biggest issue here is that it's a Chinese company. Also, because of that, the…
January 20, 2023No Comments
$TH – UPDATE: +0.84R, Looking Good
Posted inTH

$TH – UPDATE: +0.84R, Looking Good

In the last update I was looking for a normal reaction after a move out of the base and over the point of least resistance (PoLR). I'm happy to say, that reaction looks intact. This week has been rough for the market. Despite that, this…
January 20, 2023No Comments
COMMENT: Trade Book Updated
Posted in*Comments*

COMMENT: Trade Book Updated

Closed Positions Added a 30-Day Follow -Up matrix to the Closed Positions tab. This way I can keep track of my buy and sell points and use the following charts to see where I need to improve and where I'm doing it right. I may…
January 16, 2023No Comments