BITB has hit the 8 week hold rule.
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$ALAB breaking above recent highs and the nice round number of $100 pre-hours after NVDA did ok on earnings. This is where I was looking to add.
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$PHM looks like a good swing trade for me. All housing doing well today, is it because of new Treasury pick? Not sure, but something is pushing them up. This is just above 50dma today and that would be the ideal stop loss if it falls below
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$PHM My tight stop-loss below 50dma triggered next day and I sold at a 1.4% loss. I am happy with that even though the stop was tight. It bounced up strong off the 21dma to over the 50dma, so my expectations were that it was now strong and would not go below. My expectations were broken, bye, bye. Still below 50dma today, while market is up.
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What do we think about SMCI? It seems everything has been cleared up and we should be back to normal. Big move today above recent highs of $38 (lower magenta line) Webby might say there is now a magnet to the old trading range of $50 and breaking above that would be a sign of strength. PE is now 15. That is amazingly cheap if old EPS and Revs are still intact. Volume is +254% above avg, that is not you and me trading, that is the big boys getting back in.
Buying today would probably mean a stop loss below the $38 level, which is a good 10%.
I feel like I am talking myself into a small position at the end of the day.
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I bought a little SMCI, will add more in right places. $CRDO just gave me room to gamble, very lucky with earnings. Related to AI datacenters.
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Well Done Pete. Up over 40% today. That is a home run.
Yup, got lucky.
I sold my $CRDO today. It blew out earnings last night and was up a ton to about $63 after hours. I decided if it popped another 10% above that I would sell, so set my limit to $69.91 and it hit while I was out this morning. It is still holding very strong, and might have a couple more up days. I could have sold 50% and held out, but I am happy and looking for a good re-entry point, possible short stroke or HTF.
I will probably gamble with some of that money and buy IOT before earnings. It is 100% gamble, but I love the company and their prospects with IOT stuff feeding AI algos to make things more efficient.
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$APP was up 46% on its breakout day and it just kept going. It did build a nice shelf after day 2 and Andy bought or added off that. Maybe we will get the chance on CRDO.
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I was in on 9/11 and added on 11/18 as it cleared the shelf.
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$MNDY might look attractive to swing traders that like to buy on moves above 50dma. Clearly CRM caused a lot of enterprise software stocks to jump (TEAM, DDOG, DT, NOW, SNOW).
MNDY had a big outside day with upside reversal and strong volume. What could go wrong…is what I said last time. Stop below 50dma.
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I sold $SNOW the other day. I think it was a swing trade 
I bought it as it broke above the flag, so it could have been a position trade. I sold at 7.3% loss, but also because it violated bottom of flag and market started to look iffy.
Also sold $HOOD (+5.7%), $ROKU (-1.8%), $COIN. Market was looking bad and I wanted to lighten up a bit just in case. I figured if I waited too long, all my others might be in a bad position too.
I still really like $HOOD. It was not even near the 21dma, so not a weak stock. I almost bought it back today, but it was closing at bottom of range and I bought a couple others I will mention instead. Still watching.
$ROKU was a small loss and I could have held as it was still in buy zone, but it was one of my newest buys so a top candidate to sell first.
Sold $COIN at 7.7% loss even though it was finding support at 21dma.
Sold some recent $CAVA at 8.63% loss, a little more than IBD sell rule. I had more than a full position and really “love” this stock, but it sliced through 50dma and kept going. I will consider buying back if it reclaims the 50dma. My remaining position is now only up 12%.
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$ARM possible swing trade as it breaks above 50dma in a down market
I had to buy back $HOOD on strong rebound from 21dma.
trying to be a goldfish and forget that I sold it the other day. Or am I just chasing? An astute trader was watching it rebound from early morning dip and buying it as it passed yesterday’s close. I was not around and am not astute.
Edit: I did end up buying some ARM Thursday.
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Some position analysis…
These are not IBD position trades, so more like swing trades I gues
ALAB is doing very well and forming a “rare” ascending base. If this third section of the base is formed and breaks out, I will want to buy a full position.
CRDO is doing poorly. I bought as it broke to new highs and set a mental stop at that day’s low (dashed line). It stopped just below there so I held. The next day we got the Fed “crash” and I still held. Definitely not a good swing trader move.
HOOD was much the same. I had recently taken profits, then it had an upside reversal that I bought with a mental stop at that day’s low (dashed line). I added at new highs instead of waiting for a good bounce off support. It has now fallen below my first stop, but my second buy is way down. I have more faith in the stock than I do in my rules 
PSTG original buy when it tested the gap up low and then bounced up, thus providing a very logical stop loss (Dashed line). Had to add more on strength, but that got beat up on Fed day. It is still above my original stop loss, so I can tell myself that is ok.
RDDT: My notes say 12/11: I bought on gap above the $158.49 area.
12/13: Swing Trade buys on upside reversal. Stop loss at close below Dec. 12 low (163.24)
It found support at the line on Fed day and bounced off it today. If I had guts I should buy some more with the same stop. But a real, hard stop this time.
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I bought APP and QQQ on Friday’s upside reversal. I bought late so kept them at about a 1/3 position. I do not consider these “position” trades, maybe more like Swing. Won’t wait for a 7% loss to cut. If we go below Friday’s lows or maybe Wednesday’s lows, they need to go. I could convince myself to add if they are strong Monday.
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If you sign up for the trial Swing Trader, you will see this. It is interesting to look at each chart and see why and where they bought the stocks. They really pared down list on 12/18 and you can see all the new trades they opened on 12/20.
Here is an example of the detail the give for each active pick…
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It was worth the cheap trial position to find this information…
No need to be glued to the computer and quickly act on alerts when a raging bull market only gets you half what the index gives you.
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A swing trade for SFM is available. It recently jumped above 50dma and is only 3.5% away from the line. The stop would be below the 50dma. The added benefit is that this swing trade is in the current base and could turn into an early buy that you add to on a breakout.
This was also one of my most brilliant trades last year. I bought it in late April around $67 and today it is at $146. But wait, there’s more… I sold it on May 9 for a small profit because it was not doing much and I wanted to buy something better at a 9.8% gain. Ouch
Here is the chart from that time period. After I bought it, it almost tested the 50dma then had a beautiful gap up. I even wrote myself a note saying I should have bought that gap up. What was I thinking, selling the stock a few days after that show of strength. I do think it was a smaller position and that might have influenced my thinking. But that was a fault in not buying a bigger position early on. Oh well, maybe live and learn.
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