I was stopped out of TGTX and MRX. Still holding EHC and BOW.
From IBD…
Spotify Technology (SPOT) and a pair of S&P 500 names, off-price retailer TJX Cos. (TJX) and Howmet Aerospace (HWM), lead this weekend’s watch list of five stocks holding near a buy point despite extreme market volatility. Insurer Bowhead Specialty (BOW) and Planet Fitness rival Life Time Group Holdings (LTH) round out the list.
Palantir, Netflix, DoorDash (DASH), Spotify (SPOT), CrowdStrike (CRWD), Life Time (LTH) and MercadoLibre (MELI) are all in double-bottom bases, a common pattern in volatile markets. All boast strong relative strength lines, with some hitting new highs in the past few days. Most are insulated from Trump tariffs, though Latin American e-commerce giant MercadoLibre is an exception.
1 Like
I bought Axon, Gold, Pltr, IDR and ADMA today. I bought small positions and was already stopped out of IDR. My trial positions from 4/9/25 of Bow and EHC are still doing good but MRX and TGTX were both stopped out.
2 Likes
I just have some QQQ in my IBD account. Not trying any stock positions yet. But outside of IBD rules I have recently been nibbling on core positions.
I have a buy-stop on VRTX in IBD account.
2 Likes
I bought a 25% position in Netflix and half that in MELI on early buy points. Probably will put in some buy stops in case they breakout of their bases. But NVDA and market futures down after hours.
Stocks In Buy Areas
Palantir, Netflix, CrowdStrike and MercadoLibre are all clearing buy points or early entries from double-bottom bases, a common pattern in volatile markets. All boast strong relative strength lines, with several hitting new highs in the past few days.
Palantir stock rallied 6.2% to 98.37, moving off the 50-day line after Monday’s strong gain. That offered an early entry, with PLTR stock close to the traditional buy point of 98.17. Shares are up x% so far this week, buoyed by Palantir’s AI deal with NATO.
Netflix stock jumped 4.8% to 976.32, running past the 50-day line and breaking a trendline. The official buy point is 998.70, according to MarketSurge. But Netflix earnings Thursday night are a huge risk.
CrowdStrike stock gained 3.7% to 392.80, above the 50-day line and clearing the 392.69 buy point.
MercadoLibre stock popped x4% to 2,118.32, rallying from the 50-day line and extending Friday’s bounce from the 200-day line. Benchmark initiated coverage of the Latin American e-commerce and payments giant with a buy rating and 2,500 price target. The buy point is 2,202, but MELI stock just cleared a trendline entry.
2 Likes
Bought NEM today and bought back IDR. Both with high volume.
1 Like
Added to IDR. Going up on high volume.
1 Like
Well IDR changed around fast on Thursday but I am still barely above water. We will see. Hey Pete what’s your thoughts on App? I can’t believe it has fallen like it has. The fund participation is really good and their sales and earnings look stellar. But the market doesn’t seem to like them.
1 Like
APP: it has strong fundamentals, but it also ran up really fast. It is back to where it was before the first earnings crush-fest, so that seems reasonable. But if we have a recession, its ad-based revenue may get hurt, so that fear could hold it down.
In the end, it is a “heat” stock and if all of a sudden we get a lot of tariff deals with big partners like Japan and the EU, then the market might take off. But “all of a sudden”, could be months too.
The PE is only 51, if it keeps growing EPS at 49%, that is a deal. I might be tempted in to tiptoeing in if it holds the 200dma, then adding if it goes over 50dma. I would not be tempted in making a big bet at this point.
PLTR is working much better. double-bottom base, just about to break out. RS 99. PE only 226 
If we get and FTD, that would be a place to get in fast. NFLX had good earnings and was up 3.46% after hours. I have a position and I have some buy stops in low in buy zone (so they might be nullified with a gap up that holds. I own a core position in SPOT and would add on and FTD + SPOT breakout. Another double-bottom base. RS98 with blue dot. I have a buy stop in on that too. It might get triggered by NFLX news Monday. Hopefully I won’t get in too deep just to see the market tank.
I have also been stalking UBER and have a buy stop around $78 (would be breaking out of a double bottom). It did break above the downward trend line and in the video Alli noted she would be buying that in a good market. They also reviewed PEN in the video, nice double-bottom base and strong fundamentals. I put it on my watchlist.
“My” growth guy, Josh Brown, mentioned NEM on CNBC and said it is mining gold at half market cost right now and it is in a base. Looks to me like it might build a handle, from which I could get in. It is a good holding for you in the market, congrats. (Josh also sold GOOG to buy NFLX before earnings).
3 Likes
I am in EHC, BOW, AXON, PLTR, GOLD,ADMA, NEM and IDR. NEM and IDR are full positions. Didn’t mean for IDR to get there yet but accidently bought another tranche when I meant to buy NEM. Probably should have taken it off but since it was holding up I decided to leave it. All the others are holding except for AXON, it is down 3.87 %. Will keep an eye on it. All the others have .25% positions.
Thanks for your thoughts on App. Seems like a lot of the hot stocks are down but still have great earnings and sales.
1 Like
I was stopped out of EHC with a 5.07% loss and Axon with a 6.12% loss. I sold Pltr with a 3.28% loss. This is a tough market and I am not going to invest anymore till we start to see some movement to the upside.
2 Likes
Andy, you have too many vulnerable stocks, or did (PLTR, AXON, BOW). Only gold is really working. This is a horrible market and we should not buy “setups” until an FTD.
I have NFLX and MELI and regret it.
What about setting a limit of 2 positions and you can only buy another if you sell an existing?
4 Likes
Pete they all were breaking out, they actually looked good. But what is happening is that this is a day trader or swing trader market. You can’t keep them very long which is bad for a position trader.
That would be a good option. What I have been doing is buying .25 percent positions with 5 percent stops so my losses haven’t been bad but I am getting chopped up. I think buying when IBD has set up a 0 to 20 percent is not good for my style of investing. I think I really need to wait until it gets up to maybe 20 to 40 or 40 to 60.
1 Like
I feel better about my NFLX and MELI today. I decided to buy a half position in IBIT because it moved above 50dma yesterday and kept going today. Maybe Bitcoin is finally being independent of stocks. I think it is a fair risk.
Note the volume on SPY and QQQ are below average, as is Naz composite. However, yesterday’s index vol was also below average, so we could get an FTD. Even so, it will remain quite risky to invest.
2 Likes
IBD:
A number of leading stocks flashed buy signals or moved into position, including Netflix (NFLX), Spotify (SPOT) and Sprouts (SFM).
Look at the RS and the rankings on these. Very strong, need to be on a watchlist for everyone.
Sprouts stock gained 3% to 163.30. SFM stock is just below a 163.86 early entry within a cup base. Sprouts earnings are on April 30.
This could be an “RFK jr” play.
MELI moving toward a buy zone. Just moved above a small shelf and maybe a downtrend.
1 Like
I added a little MELI and started with a 1/4 position in SFM.
I like the look of LRN, great ratings and a stage 1 base.
1 Like
Gold stocks were among the heavy-volume decliners for the second straight session. But a 2.4% decline for SPDR Gold Shares (GLD) only amounted to a test of the 10-day line. The uptrends for several leading gold stocks are still very much intact, including Leaderboard stock Agnico Eagle Mines (AEM), which reports earnings Thursday after the close.
A pause around current levels could be constructive, letting more stocks catch up or forge handles. But a close below the lows of Tuesday’s FTD would be highly bearish.
Today I initiated 3 new IBD positions. We had an FTD and two more consecutive up days, so I increased exposure. I was assuming IBD would move to 20-40% exposure and they did, so I am not overweighted. But I am at 40%, which is being greedy.
UBER: An early buy using a buy-stop that is at least a few weeks old. Breaking above the 77.58 double bottom buy point. MarketSurge does not recognize this but I recall the humans mentioning it. 1/4 position. +15% vol. Not great ratings, so I had a bias to get this: EPS82,C+,A,C+,Comp92, RS 84
CRWD: breaking out of a base. EPS92, A,A,B-,Comp97. RS93 Blue dot. Light vol breakout.
HWM: supplier to Boeing, which is starting to heal. Broke above 50dma yesterday and had a good up day today, so bought a small starter/early position. EPS96,A+,A,B-,Comp98 RS96 blue dot. Pivot is about 4-5% away.
Oh, and outside my IBD account I bought some PLTR as it moved above double-bottom base (RS 99) and added some SPOT to my core holdings as it nears a buy point. SPOT held up very well in the downturn (RS 98)
1 Like
One my friends recently bought this stock I never heard of. EPS growth is very good, but sales are in single digits. IBD ratings are very strong. RS 98 with blue dot. In stage 1 cup, near breakout, earnings in 6 days. 169 “natural food” grocery stores. Like SFM, I think this could be helped by RFK jr’s push to improve our food supply and education people about buying them.
NGVC is going on my watch list.
2 Likes
I bought WGS, RBRK, ALAB, LOAR, UBER, PLXand PEN Yesterday.
Today
I bought RDDT, FIX, more Pen, More Uber, More Loar, and NBIS off of VRT’s earnings call. I think NBIS will do well.
Edit: Oh and I rolled my NVDA from a strike of 111 to 113 to 5/2/2025
1 Like