$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
$HP – REMOVE WATCH: Too Volatile
Posted inHP

$HP – REMOVE WATCH: Too Volatile

Technicals I was watching to see if this would form a high tight 3rd contraction. However, the contraction is now down 18% and not sure if it's even over. That's still too much volatility. I'll remove this from my watch.
December 9, 2022No Comments
$TMDX – WATCH UPDATE: Pivot Reset
Posted inTMDX

$TMDX – WATCH UPDATE: Pivot Reset

Technicals Today closed back under the turn. It happened a lot quicker than I thought it would. I see the odds in favor of continued market pullback. Therefore, I'm thinking a complete pivot reset is the more likely outcome than just a retest. With that…
December 6, 2022No Comments
$ATI – WATCH: Pivot Volume
Posted inATI

$ATI – WATCH: Pivot Volume

Base Count The price crossed below the 40-week MA on the prior downturn, which would have signified the end of the prior Stage 2, or a continuation of a Stage 1. Either way, the subsequent run went over 160% in about 20 weeks which crossed…
December 6, 2022No Comments
$SLVM – WATCH: 4th Contraction
Posted inSLVM

$SLVM – WATCH: 4th Contraction

Base Count A newer IPO that looks to be transitioning out of its primary base into a Stage 2. Fundamentals Has shown good QoQ growth with acceleration into the lates quarter. There was a big surge in margin expansion that thrusted them into profitability. Technicals…
December 5, 2022No Comments
$HP – WATCH: Forming a 3rd Contraction
Posted inHP

$HP – WATCH: Forming a 3rd Contraction

Base Count Looks like it made a nice 160% run out of Stage 1 as it entered Stage 2. It's currently forming a big base to consolidate those gains. On the weekly shown above, there is a big shakeout that recovered back into the base.…
December 4, 2022No Comments