ATI

My automatic trailing stop got hit earlier today, the market said it's time to take profits. It still looks strong, but may be setting up a new base here, so it's still something to watch. Even though, it closed positive after stopping me out, this…

Even though, per the last update, the earning growth acceleration seemed to have dissipated, the stock continues to push higher. Today was another strong day with big volume to follow-up yesterday's like move. Since the price hit a 4R gain today, I was able to…

First of all, earnings were reported pre-bell. You can see in the fundamentals chart above that they may have good earnings, but the acceleration in growth is leveling off. They talked about being on track to accomplish their goals, but the deceleration in earnings probably…

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…

Yesterday was a KO recovery. It was a down day on big volume. However, instead of being KO'd, it closed well off its lows, showing strength. To me, high volume on a down day with a small range or which closes well off its lows,…

From the chart above you can see yesterday was a bad close. It went along with the market, where it opened strong, making a new 52-week high, and then faded to close near the low of the day for a loss. However, today was a…

Summary Another higher close, but not as strong as I'd liked. The volume was still around average, but less than yesterday. It made a nice move earlier in the day, then pretty much faded for the rest. It closed around the midpoint of the range,…

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,…

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…

Summary You can see above I have some things going against me. Firstly, the overall market is weak and today was a bad day. Secondly, it got rejected at the current contracting channels resistance and remains in that down channel. Thirdly, it closed just under…

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…

I might have missed this trade. Honestly, yesterday I got home late and by the time I was able to do my daily review I was too exhausted. When I can't focus, I don't force it, so I took the night off. That being said,…

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)…

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…