$ATXS – WATCH: Beginning Stage 2
Posted inATXS

$ATXS – WATCH: Beginning Stage 2

Summary Looks to be just transitioning from Stage 1 to Stage 2. It's already up 40%+ out of the transition. Fundamentals are weak, but there is incoming strength for some other reason. Watch for retest of transition area or, more likely, a Base 1 to…
January 5, 2023No Comments
$TMDX – REMOVE WATCH: Getting Sloppy
Posted inTMDX

$TMDX – REMOVE WATCH: Getting Sloppy

Summary Pivot reset about 10 days ago, which is what I was originally watching for. Pivot BO again, but on little volume. Made a weak move up to turn then BO there on little volume. Turn BO failed on increasing volume and retested 50-day. Retest…
January 5, 2023No Comments
$ATI – UPDATE: Up 0.89R, Closed Above Turn
Posted inATI

$ATI – UPDATE: Up 0.89R, Closed Above Turn

Summary Today had the follow through I was looking for. There was a clean break of that contraction channel and a nice move to close above the turn with still increasing volume. Normally, I would have added to the position as it pierced the turn,…
January 5, 2023No Comments
$ATI – UPDATE: Up 4.02%, Nice Recovery
Posted inATI

$ATI – UPDATE: Up 4.02%, Nice Recovery

Summary Yesterday's close was looking sketchy and put this trade into a do-or-die situation. Today, it did and I'm back up 4.02%. I was looking for, at least, a close back above the 50-day MA. Not only did I get that, but also a close…
January 4, 2023No Comments
$PCVX – Buy: @ $48.31
Posted inPCVX

$PCVX – Buy: @ $48.31

Summary Today was interesting. The price actually gapped over my limit the pulled back to the limit to execute the order. Despite the strong open, it deteriorated with the rest of the market as the day progressed. Even though it was a bad close, the…
January 3, 2023No Comments
$BTU – REMOVE WATCH: Looking Weak
Posted inBTU

$BTU – REMOVE WATCH: Looking Weak

Summary This hasn't broken out of its Stage 2 uptrend, but it did close below it. I don't like that big volume drawdown on 12/28/22 which really made a mess of the contraction count. Also, it closed below its 50-day MA and closer to the…
January 1, 2023No Comments
$PCVX – PENDING: Power Play Order
Posted inPCVX

$PCVX – PENDING: Power Play Order

Summary The Fundamentals are pretty terrible, but it meets most of the criteria for a power play and fundamentals aren't a big issue for these. There are two concerning things. First, we are not in a bull market and, second, the sideways movement out of…
December 31, 2022No Comments
$ATI – BUY: @ $29.83
Posted inATI

$ATI – BUY: @ $29.83

Summary In the last post I thought I had missed my buy at the $29.93 pivot. Today I was watching for continuation, just to see if it would have been the right play had I made the trade. Instead, the price pulled back on low…
December 22, 2022No Comments
$AVTE – WATCH: Potential Power Play
Posted inAVTE

$AVTE – WATCH: Potential Power Play

This checks most of the boxes for a Power Play. My biggest concern is that we aren't in a bull market. Power Plays can still work in bear markets, but they are less likely. However, this is in the Health Care sector, which has been…
December 22, 2022No Comments
$BTU – WATCH: Decreasing Volatility
Posted inBTU

$BTU – WATCH: Decreasing Volatility

After a pretty massive 655% gain with big volume last year to start its stage 2, it went into a big cup and handle base 1. From its peak to the bottom of the cup, it fell about 56%. However, it staged a good recovery…
December 18, 2022No Comments
$ARL – WATCH: Handle Forming
Posted inARL

$ARL – WATCH: Handle Forming

Base Count Base Structure Identifiable base on weekly and dailyYes, currently appears to be in base 2Prior up-trend of at least 30%Yes, 76.26%Length of baseAt least 5 weeks flat baseAt least 9 weeks ascending baseAt least 7 weeks for all other bases30 weeksContain elements of…
December 18, 2022No Comments
COMMENT: Trade Book Updated
Posted in*Comments*

COMMENT: Trade Book Updated

Account Tab Added "Total Account Invested" to monitor how much of my total account balance is invested. Added "Total Account In Cash" to monitor how much of my total account balance is in cash. Added "Risk/Reward Ratio". This tells me the current ratio based on…
December 17, 2022No Comments
$ATI – WATCH UPDATE: In 5th Contraction
Posted inATI

$ATI – WATCH UPDATE: In 5th Contraction

Base Count Transition Criteria Price above 30 and 40-week MAYES30-week MA is above the 40-week MAYES40-week MA is turning upYES (44 weeks ago)Series of higher highs and higher lowsYESLarge volume spikes and low volume pullbacksYESMore up weeks on volume than down weeksYES (6 : 4)…
December 16, 2022No Comments
$SLVM – REMOVE WATCH: Too Volatile
Posted inSLVM

$SLVM – REMOVE WATCH: Too Volatile

Technicals As noted last time, it BO and then came back to retest that BO. Unfortunately, it failed the test. The price is now all the way back to its 50-day MA, and well back within the transition. It's still worth an eye since this…
December 16, 2022No Comments