INOD keep an eye on this. It is a High Tight Flag and is forming the flag portion right now.
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LMND is forming a pole right now and has the right height. Oneill says at least 100 percent in 8 weeks. Leif Soreide says at least 90 percent, that you don’t want to be perfect, close is good enough. So what we want to see now is a flag form for about 3 to 5 weeks. But what is happening right now is that they are forming for about 1 to 2 weeks than taking off again. What does everyone think about that? Should we be getting in early or just waiting if it isn’t perfect.
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Sezl. Look at that Sezl. If you look at 11/20/24 it looked like an engulfing candle to the downside. I thought I was in trouble. But today it takes off again. The ATR on this is 13.63% on the 21 ema which is large so it shows you how much it can move. Set stops accordingly.
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Purdy stocks! LMND is so crazy, still losing money and expected to in 2025 as well. So hard to contemplate buying it for me. But you are right about the O’Neil flag poll and need to watch it.
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$HUBS has the highest IBD ratings and is re-breaking out on volume. I added to my MF core position today.
Was able to pick up DDOG with a stop buy the other day, for some reason it popped today. Great IBD ratings, but past the buy zone.
I added to a bunch of my MF core positions on strength, and breaking of downtrends today. But small adds, only so much cash in those accounts. SQ, TWLO, TTD, PJT, HUBS, NET, Q2.
Have a buy-stop in for TEAM if it breakouts out. Another one with really great IBD rankings.
$ROAD had an upside reversal with outside day (engulfing candle?) Looks strong. I wanted to see if it got rejected by $100 then hope for a short consolidation and break of the downtrend, so onto the watchlist.
I almost sold AMSC yesterday, but magic market made it better today.
#1999? Everything is working, we are all geniuses! I think it ends early January. Andy is being very smart with his stop losses, that is something I never did well in 1999 or 2022. These are not real prices. Like in 2020 and 2021, we are pulling forward lots of sales and growth expectation.
Update: had a stop-buy on ALAB to breakout over $100. Paid off again and got in at $102.56. Got keep using those in this market since I am away in the AM.
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I know Pete I like Root better but LMND is performing better. I don’t have a position in either. Root would have been a High Tight flag but when forming the flag it fell 46% and as you know it is only allowed to fall 25%. But still keeping an eye on it.
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I picked up some more Alab today thanks Pete, and picked up INOD.
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I didn’t either Pete and that is why I am glad you showed me what Marketsurge can do. I am never going to ride those trains again. But while I have a bull market with the wind at my back I am going to make as much as I can.
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Here is why $DDOG is up…
“While the obvious bank shot from SNOW will be other consumption names (such as Datadog (DDOG) and MongoDB), we believe some of the move in software is simply investors having to gross back up after overly punishing software this summer,” wrote Evercore ISI analyst Kirk Materne in a client note Thursday.
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I think these discussions are vital for us, we need to keep our emotions in check and remind each other to remain vigilant and follow good rules, especially as we enter Jan and people might start taking gains in the new year.
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I agree Pete, if this market turns a lot of the buys I have made recently would have been poor set ups. I keep trying to think this through and make sure I am buying on good set ups. Like when I first bought ALAB it was on a trend Line. My second buy going over a nice round number of 100 is a Jesse Livermore buy. In this market they will probably be fine but in a market of 60-80 or lower? I could get rejected. I think it is only because this market is so strong that I am able to get away with it. Still learning.
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