Picked up SE also as it has drifted down at 11:45. Sold IDR and PLX for cash.
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I have not bought anything today, but did go FOMO yesterday and bought a lot, very low on cash now.
IBD breakouts: SE, AXON, RBLX, UBER, CVNA, PLTR
adds to existing: ONON, SHAK, CAVA, JBL, HOOD, VEEV, RL, META
New: ALAB, IWF
My too-early buys of RBRK and RBLX are now working out nicely.
I need to find some cash for GEV. They will be selling to Saudi Arabia and maybe more of middle east. They will sell turbine for increased NatGas power plants (and AI datacenters). The admin is relaxing regulations and permitting to get new Nuke plants going and that will help.
It is just below a buy point in a stage 1 cup base and has a blue dot RS of 98.
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Just encouraging you here. You have a system. You understand how it works and why. When your system works you do well so stick to your system. When it doesn’t, tweak it to be better. I think you guys are doing well with your system as I follow along…doc
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Thanks. In this case it is idle frustration, I followed the rules and am still comfortable with that decision.
For those noticing the animal spirits, one of the old “Heat” stocks may be warming up again. RKLB reported earnings on 5/8 and almost fell the to the 50dma, but it has been all up days since. I recently moved past a price label. Also note that it never fell below the 200dma and in fact had a nice reversal off of it.
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Sold over 1/2 my LRN to buy SFM as it moves above the downward trendline in the handle of a cup/handle base. I still have a full position in ATGE, which is much stronger.
I made a couple dollars in SFM earlier and sold it because it was doing nothing. Then it put on this handle, so in it again. I like the company and it has great growth ratings…
ROAD is back on my watch list. Maybe worth a buy-stop. IBD stock of the day.
LIF is building a flag off Earnings Flag Pole
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I bought GEV this afternoon, but an active trader watching the 5 minute bars had good indications to get in early…
The first horizontal line is when in moves above yesterday’s close after the gap down open. Then it build a flag base with a bunch of very tight bars before it breaks out.
I got it just below the buy zone. The volume was somewhat weak, so that is a worry. But it does have a blue dot RS, with RS rating of 98. This was also a break above the downtrend line on the right side of the base, so a good place for an early buy.
My IBD account is all but maxed out so I bought this somewhere else (virtual margin) and will track it as an IBD buy.
I have been recently adding to my MF core position in AXON using IBD early buys and breakouts. Top-notch ratings and RS. Breakout was a little weak, but we are in a power trend, so maybe I can be a little loser with that rule on some stocks. This seems to be a long term compounder. 4% into the buy zone, so there are better setups to be watching at this point. I added very small today. I started the IBD position on the strong day of 5/13 and bought a 1/4 position early and picked up another 1/4 position with a buy stop above the pivot (that worked out well)
I bought 1/2 RBRK on 5/12 pre-market, big mistake. Was able to add 1/4 position on 5/13. Both buys above buy zone, so taking a bigger than usual risk.
Been accumulating UBER with early buys and the recent breakout. I have some old UBER in a non IBD account, and my IBD account has a 110% position. My first buy was with a buy-stop at a meaningful level, then added on an upside reversal, then added on the FTD day and again the next day. I am happy with my approach on this stock.
CVNA is another stock I picked up on 5/13. Just a 1/4 position in a non-IBD account, but treating it with IBD rules. Had a very strong breakout of +81% vol. COMP 99 and RS 97. This hit a low of $148 in April, so has gone up 100% since, but still looks like a strong stock ready to keep running. Too near the top of the buy zone to start a position
I bought a 1/4 position in ESLT. Earnings are tomorrow and I am feeling greedy on this. They are selling a lot of military weapons to Europe (i.e. NATO), so I think there will be good news. Of course, everyone else knows this. Hoping it will be good enough to cause the big buys to dig in and buy a ton. This is also outside of my IBD account, and buying the day before earnings violates IBD wisdom, so I am not counting it as IBD either way. If it does breakout, one could buy the gap up. Chaikin Power Guage has it as very bullish.
I have more to catch up on later.
Here are some stocks worth watching
HEI - another aerospace breakout, only 3% into buy zone.
LIF - has a flagpole of sorts, I have a buy-stop on for a break above that.
ROAD - infrastructure, near a breakout. Strong ratings and RS.
GEV - early buy now, or wait for breakout with a buy-stop. Or both
BKNG - just breaking out.
IBIT - today was a day to add as it broke above a tight but very short consolidation. Just below a buy point. Use a buy-stop.
I am willing to sell my 1/4 position in CRWD and my DRS and LRN to buy better stocks if the opportunity comes up.
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My LIF buy-stop hit. I might put another at the top of the flag pole now.
Here are some charts to look through, near breakouts, some with handles.
IBIT, AGX, PH, PWR, NDAQ, GLW, RL, AVGO, AMZN, TW
Update: SNOW now shows a base on MarketSurge, EPS reports tonight 5/21. Stage 1 cup with handle.
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What price did you buy LIF at Pete and where was your stop? That looks good but I was afraid to go into it. I did pick up NBIS today and sold NVDA.
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Andy, I used a buy-stop to pick it up if it went above the high of Friday, so my price was $61.30 (so down a tad at the moment). Stop loss below low of Monday, which is also the closing low of the red bar, at $57.98
I think it was Friday’s video where Webby was showing the stock and saying that when Bill missed a big move like this and thought it would be a winner, then he would say you have to find a way to get in it. So, I figured this was a way with reasonable risk management. The other part of my risk management is not buying a big position.
5/21/25: Had to add as it breaks out to new highs…
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I tried my TQQQ trade this morning. Waited for a few 5-minute bars to show possible upside reversal and then bought some. Up 2.13% for now. Hope I can walk away and have a life and then sell before 4PM 
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So is this going to be a day trade? You planning on trying this each day while we are in a power trend? Looks really good right now.
This is a planned day trade. but if we finish at top of the trading range, then I might have the confidence to leave it on.
My theory is that we are in a power trend and therefore, “bad” news might be temporary. I was correct on the debt downgrade thing, but was not home to watch the open. I thought the same thing could happen today, gap down open, stabilize and move up. After about 3 or so 5-minute bars I decided to give it a shot and I was home to watch it closely.
It’s funny, I do hot yoga every morning and I don’t like to miss it. I also don’t want to miss the routine and benefit so I can trade, then I would not feel retired. I could have paid for years of classes if I stayed home and executed yesterday. But then I might have to do that every day and there goes my life.
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My feelings exactly Pete, I do not want to be watching a screen for every tick. More power to people that do but I would rather be in it for longer term trends.
Got stopped out on my TQQQ with a loss.
Failure Analysis: Did not move my stop loss up into positive territory once I had a nice gain.
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Sold CRWD, LRN and DRS yesterday at 4-5% profits. Just wanted to have some cash in case we test the 200dma. Also, these were not full positions, so cleans up the clutter a bit.
Intuit (INTU) reported tonight and was up about 8% after hours. That takes it to $719, which is just above a Stage 1 cup. IBD ratings are pretty strong. Might be worth an early morning buy if you can get it before it moves above the 5% buy range.
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IBD reminds us
Don’t forget to lock in profits at the 20%-25% level to offset any losses from failed breakouts. That’s a key element of risk management for long-term success in the stock market.
I have 4 IBD stocks at that level: MELI, ATGE, RBRK, LIF. ATGE and RBRK activated the 8-week-hold rule, so I should not take profits there. LIF also activated it, but I got in late on that, far from the buy zone, so I won’t count that for me if it starts going down (I have a stop loss).
I have an old MF core position in MELI, so I am biased toward it. It will be a good test for me to see if I can take half profits. It missed the 8-week rule by a few days, but that does not count. If I buy INTU tomorrow, that might be good incentive to lock in some MELI profits.
My portfolio is about 3% below it Jan 1 level, which means it is time for it to go down 5%
8-week-hold-rule:
If your stock produces a gain of 20% or more within three weeks of breaking out of a proper base, you may have a true winner on your hands.
IBD research shows that in many cases, stocks that make this quick and powerful move are capable of doubling or tripling in price. Unless your stock shows a clear sell signal, you should sit on your hands for the first eight weeks of such a move.
Unless you are in danger of a complete round trip of gains, hold your stock for those eight weeks. It may appear to wane as it pulls back to or just below the 10-week moving average, but this action is normal.
After the eight weeks lapse, it is time to reassess the stock. It’s likely your stock has returned to or surpassed the area of initial strength, and you can then decide when to sell and take profits.
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Decided to add SHAK to my BID stocks. I have a “value” position in another account, but today SHAK is outperforming the market. Initially went down but then took off. Other stocks I watch are giving up gains, but this is at top of range. It is in a stage 1 consolidation, but today it moved above a short consolidation that might look like a low handle. It has 7 ants recently. EPS rating not great, but other good. 231dma about to move above 200dma. Good earnings gapped it up above 200dma on high vol a couple weeks ago. I guess I will classify this as an “early buy” in IBD terms. Bought 1/4 position and might add another 1/4 later today.
HOOD appears to be breaking out, but on light volume
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Yep, it activated the 8-week hold rule recently and MarketSurge added the “flag” to the price, but then it kept going up and the removed the flag, until it tops again I guess.
I thought it might be my best performer since I bought the breakout, but I was pleasantly surprised to see the NFLX, HWM and IBIT are out-performing. And yet, I am 2-3% below my Jan 1 value (in my IBD trading account)
P.S. I added that second 1/4 position to SHAK before lunch, but it was up 7% at that time. Volume was very strong. Across all my portfolios, I am almost out of cash, so I could get whacked by a bad Trump Tweek.
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