$FOUR and $PWR both have very strong IBD rankings and are in or near buy zone. The one flaw is that both are in Stage 4 bases. PWR had strong vol on the breakout. ERJ broke out of a Stage 3 base on strong vol. Also see: AMBA, FIX, MPLX,
This looks great to me, strong rankings, blue dot and strong breakout. Up on AI announcement from Trump. I think I am willing to sell something to get this.
Update: Ok, I sold my half position in DTM at a gain of 0.05%!!! and used funds to buy this. I am happy with the trade. I still have GLNG and BKR in my IBD account, so selling DTM reduces exposure to energy and increases exposure to Tech. My overall portfolio is very tech heavy for years. Surprisingly, my IBD portfolio is fairly tech light.
OK, sold DUOL for a 2.58% loss after two days because it fell below 50dma and stayed there for two days in this market. AND, I found OWL and wanted to buy it with the money. Got 1/2 position
$OWL has excellent IBD rankings, a blue dot on RS and good volume on this breakout. Also jumped above 50dma on huge volume recently.
Will $SFM benefit from RFK jr push to make America Healthy Again? Now on my watchlist
$GE buyable on earnings beat. Stage 1 base, huge volume on the gap up breakout…
$NFLX is in buy zone, but it is a stage 5 base
$CARG is breaking out on very light vol, but rankings are strong and RS 92 with a blue dot. I am not buying that.
Exact same for $KKR.
$DASH rebound of 50dma and moving above what looks like a cup base. Very low volume.
ALAB sliced through the 50dma today, which is a bad thing, but it had a strong upside reversal and ended above the 50dma and positive for the day. That is a perfect setup for a swing trader.
and then it tested the bottom of buy range and is closed up around the 2% level of the buy range today.
$CAVA is rounding out the bottom of a base and jumped above 50dma on strong volume. I bought a little at the top near the end of the day. I imagine Swing Trader got it as it just moved above the line.
Bought 1/2 position of RCL on 1/28. Strong breakout with +277% vol, EPS rating 72, but other ratings are very strong. Growing fund ownership. RS96 with Blue-dot on the weekly. This was a gap-up into the buy zone on good earnings news. I bought high so only took the 1/2 position.
iToday, 1/29, I added 1/6 position to VIK after having added 1/3 on the breakout of 1/17/25. These last two days were up on high volume.
To fund these, I sold BKR at a 6.xx% loss. I think this and other traditional energy plays took a hit with the DeepSeek news.
ON 1/22, 1/23 and 1/24 I sold AXP, DUOL, DTM and GLNG because they were deteriorating or going nowhere and I saw better opportunities.
I accidentally bought some FRPT and SE with a limit order that was supposed to be a buy stop. I sold SE to fund other buys, but am holding FPRT because it is not tech. It is in the buy zone, but breakout was not noteworthy and it will be a source of funds.
VRT gapped down 30% so I could not sell with 7-8% loss. I will break the IBD rule and hold, hoping it bounces back. If Deepseek is valid, training AI will be cheaper, take less time and less energy, but when things get cheaper (like long distance phone calls), people just buy more (Jevon’s paradox). So, I think VRT could be fine. My GEV also took a huge hit, but is still in positive territory.
Somehow my IBD account is up 5% for the year, I guess because I was not overweighted in tech or AI.
Update: Bought RDDT on 1/23 and 1/28. Added to APP on 1/28. Bought VRT 1/23 (ouch). Added to OWL on 1/23. Added to PSTG on 1/22.
$PH is a solid company, good rankings and is breaking out.
Lots of breakouts and gap-ups today on earnings or otherwise. Deepseek fear trade seems to be reversing.
$GDDY seems like a strong candidate. VERY strong rankings. Has had a long, steady run. Stage 2 base. Breakout on +38%vol, which is a little light. Probably set an alert or buy stop above the high of that breakout day, which is not far away. Red volume is a little higher than I would like.
I took a small position in $PLTR on the move above 50dma and then move over $80. Next spot would me a new high, hopefully on volume. This would be a stage 4 base, but rankings are top notch and RS is 99. This is the kind of company that should benefit from DOGE. PLTR can become an official IBD base after Monday’s close (thus meeting minimal time requirements for a base)
$ARM about to re-enter buy zone after the Deepseeks dips.
Same for $RMBS
$SFM had a strong day, finishing up, near top of range and on +31% vol. No Deepseek worries here. Probably no tariff worries and RFK jr will be good for this healthy food store chain. Very tempting.
$DUOL fighting back. RS95, strong rankings
Also see $DOCS (Stage 2), $Bill (Stage 1), $TOST (Stage 2), $CRWD (Stage 2), $AXON (Stage 2),
Here is some real strength yesterday (that I forgot to post)
$ROOT
Might be worth slowly accumulating before a breakout.
$RDDT, $IBKR very strong too with an upside reversal outside-day. PLTR up 22% after hours. CRDO just avoided my stop loss and bounced back nicely. $DUOL holds up as it builds a base. $GDDY reversed back up into the buy zone.
$CAVA reverses of 50dma to end positive and continue the right side of a cup shaped base. This could have been an early entry for a smaller starting position.
I am liking the looks of Snow and it’s overhead is almost a year back. It looks like it is coming out of a stage 1 base (cup with small handle) but it didn’t have a lot of volume. I am starting to look for software stocks in an AI theme.
That is the weekly.
Daily
Andy, agree on SNOW, looking tempting. From an IBD ruleset view, the breakout was on weak volume.
I have made a lot of trades recently, tried to post notes, but behind on details.
I owned a half position in VRT. Bought it on a breakout, then on day three it had an outside day with a downside reversal. I said to myself that Webby might sell because of that, but I was only down a tiny bit. The next trading day it was down 30% on DeepSeek news. No way to get out at 7-8% loss with that opening gap down, but it looks like a stop loss would have saved me some pain. I am always skeptical about news from China so did not want to sell right way. It did bounce back some but could not get above 50% retracement, so I sold today to buy DUOL. On the other hand CRDO did quickly move above its 50% retracement, so I added to that.
DUOL has very strong IBD rankings (but so did VRT) RS 95 with blue dot. Comp rating of 95, growing fund ownership. It has been straight up since DeepSeek day, but that might put it at risk for a pull back. Others might consider buying if that happens. I might add, but I will probably be a pullback on scary Trump actions and I will be too cautious.
CRDO doing well, keeping above 50% retracement (magenta dashed line).
Despite the Deepseek dip, my IBD account has managed to be at a 5% return for the year, I think that beats the S&P. I don’t have much AI exposure in there aside from VERT. But CRDO was outside it, as is RDDT, META and SPOT. SPOT popped up 13% today, but I am too lazy to track all the positions outside my official account.
Pete I decided to not set stops because I said to myself. I will sell them if they drop to much. Then I went up to Seattle and couldn’t watch the market because I was running around with relatives. OOOOPS. I realize I have a hard time selling because I have been taught to buy and hold. So I am picking up the pieces now(my portfolio only went down 4.5 percent but some stocks dropped much further) and setting stops. I have learned my lesson. When running around it is hard to keep up.Luck Alab and NBIS are coming back and I was able to pick up some leaps in NVDA.
I agree Pete but I like the stage one base. Most of the ones out there are in a stage 4 base.
They mentioned it today in IBD stock market today.
Andy, The IBD guys sometimes they mention that they exit positions in that situation. Maybe better to miss a gain than to get a big hit. Could also make you reevaluate all your stocks before you buy back in.
I think that is what Stop loss’s are all about. Instead of selling out it allows you to stay in and only get out in a drop. You can also put a trailing loss on. I think that is a better idea than just selling out completely. But to each their own.
A few catch up items:
Added to GEV after the deepseek dip. It had come back over 50% retracement when I bought, now at the 50dma chopping around. I feel AI datacenters will continue to grow at same pace post-deepseek, so I will hold since I am still net positive and there was an 8-week hold rule that activated.
Sold $RL on tariff day, wanted some cash to reduce risk and be ready.
Sold $BKR the other week, had been acting poorly. I of course sold it at 50dma support and then it jumped up on strong earnings.
Bought $GLW with some of the above money. It was hit by Deepseeks, had some big moves then, always had support at 50dma then moved back into buy zone when I bought it.
Swing Trader started a position today…
|RADE SETUP|2/4: Added as a full position after continuing yesterday’s upside reversal, now above the cup buy point.
Entry on SwingTrader at 188.99|
|IBD BUY ZONE|$188.40 - $192.17
STOCK IN IBD BUY ZONE|
|STOP LOSS|Stop loss at close below Feb. 3 close (182.54)|
|GOAL|We’ll start trimming around 0.5 to full ATR profit (192.67 - 196.34).|
$TYL, Stage 2 cup with handle, COMP 95, other ratings strong. Sales only single digit. Considering buy stop like I should have done with ARM
$TOST also a Stage 2 cup with handle, COMP96, others strong. Worth a buy-stop if you are looking for a possible breakout.
$MMYT also strong with stage 3 base near breakout. COMP98 RS 93 with blue dot.
$FLUT (Fan Duel) Stage 1 cup with handle. COMP98
$GDDY building nice handle in the buy zone. A power move above the breakout high would be buyable. EPS 99 COMP 94. RS 93.
$BILL had a big jump on earnings a while back (mini-flag pole) and has consolidated the move with the current cup base. Got some ANTS at the time, which can signal a short term top, but long term benefit as they show high volume buying by institutions.
$GTLB, $PAYO
Bought $DAVE on a breakout today. Owned it unsuccessfully twice before, third time is a charm, especially with +97% vol increase, RS rating of 99 with a blue dot. COMP 96. It is pulling back a little, so watch it at end of day if you are interested.
Other strong breakouts to checkout: TZOO, MGNI, CRH, MAR.
Posting this for a self analysis because I think I am showing a little growth and/or wisdom and I like to find out how people think so maybe some newbies might want the same.
I had a good run in this from a buy back in Sept 24, started with small buys while the base was building then bought on the break out. It went from $37 at breakout to $47 then started forming a new base. I sold all on 1/17/25 with a note “living below 50dma, weakening” The market had been showing weakness before that as well and I wanted to reduce exposure. I have a gut feeling that this can be a big grower for a while and wanted to be able to hold it for a long time, but I also wanted to follow the rules, lock in profits before it fell too far. I promised myself that I would act like Bill O’Neil and not care that I sold it before, but just buy it back if the proper opportunity presented itself.
A few days later, the market had been getting better and this stock moved above the 50dma so I bought a 1/3 position. The next day it gapped up into the buy zone (but only on +25% vol), so I bought another 1/3. SIx days later it had a very strong reversal off the 50dma, but I failed to buy. I am sure Bill and Webby would have chided me for that mistake. But the next day volume was strong again so I bought 1/6 position near the top of the buy zone. (It should have been 1/3 on the 50dma reversal day).