This stock has popped up on my radar several times and is on my watch list. It had a weak breakout, and reversed down, so iffy, but if it goes above the breakout day high, it will clear the short consolidation and might be a buy.
NDAQ and GS will make good money if IPOs are picking up…
IOT, bad drop on earnings then full upside reversal. Interesting.
Picked up CCJ as it broke out of stage 1 cup and handle. Very strong volume. I picked this up on the weekly chart not the daily chart. Both show a cup and handle but different entry points.
Also picked up RKLB on high volume. Stage 1 cup like pattern but to deep for Marketsurge to see it. Thanks Pete. I picked this over ASTS which was also breaking out because of it’s fund participation.
You bought on today’s breakout? Not the one a little while ago? Looks like a good buy today. I was tempted by RKLB, but other things caught my eye.
First, I raised some cash. Did not like the action in MELI, ATGE and RBRK, so sold those in my IBD account. Use some of that money to buy a 1/2 position in IBIT and 1/2 position in DAVE. Dave appears to be breakout out of a flag after a huge flagpole move.
I had a “gamble” position in ETOR (bought that off a bounce from some lows). Had good stops in that never hit. Today it broke out of an IPO base in the morning, but then faded. When it moved back into the buy zone I doubled my position. Has big swings so will be tough to hold.
I drew that magenta line on the DAVE chart yesterday as where I should have bought it, but did not. Today, I saw it fell back to that line, then later I saw it reversed back up to yesterday’s high, so I bought it.
Lost some good gains in ATGE, but got out with 4.79% profit. It was under the 8-week hold rule, so when it faded to the 21dma and found support, I was happy to hold. But today’s action on slightly above avg vol was no good for me. The RS line is falling below the RS moving averages on the daily. Also taken in context with drops in MELI, RBRK, and HOOD, I felt like I had to lock in gains. One rule that cancels out the 8-week-hold rule is “Don’t round trip double digit gains” and I was at risk of that. I could buy back if it moves above the 21dma nicely, but educational stocks may have had their day in the sun.
MELI sliced below the 21dma yesterday and I wanted to give it one more day, which could have easily cost me another 5%. It did nothing today so I took my 11.91% profits.
RBRK is in its second high vol selling day. It is not yet at the 21dma and it is under the 8-week holding rule, so I probably should not sell. Perhaps if it tests and rebounds off the 21dma I could buy back.
AMZN broke out on light vol.
ASTS broke out, but fell out of buy zone. Could be a buy tomorrow if it retakes the pivot.
Yes on todays breakout but it came back in. Still holding it. Did you buy it Pete? If so when did you pick it up? That was some huge volume and I am surprised it didn’t shoot up higher. We will see what happens tomorrow but the closing on the Nasdaq and the S&P was not great today.
I did not buy CCJ nor RKLB, I posted all the shiny objects I bought today. My big risk positions are ETOR and maybe DAVE and LIF (the last two flagpole-like buys coming out of the flag).
I am up 44% or CRWV, but that is only a joke. My buddy was in it at $84 so I was warning him of dangers and showing him signs of exhaustion rallies, etc. Was working with him on stop losses too. I said it had gone up enough that if he bought more it would crash. So I said that I would buy 1 share the next day and make it crash. I was almost right, I bought at the open and it went down and closed below what I bought, after that it took off. I have been using it to practice stop losses and keep moving my stop loss up every day. Kind of funny.
HOOD was down about 6% or so after NOT being added to the S&P. I was surprised there was that much expectation built in. It had a very nice upside reversal and I will probably add some more tomorrow. Worth looking at.
Ok so you do not have RKLB in your portfolio at all?
Correct. I have RBLX and just sold RBRK so having RKLB would be too confusing 
Had to sell ETOR, was heading down too fast so cancelled stop loss and sold at market for 1.38% profit. Tough stock to hold. Thesis for last buy was the IPO breakout, which is failing.
HOOD seems to be shaking off the “dis” from the S&P.
Update: I am seeing “too much” sell off any many of my stocks. Did not add HOOD and did sell a bunch of small things I had recently bought, mostly non-IBD stocks. ALAB, GEV, LIF, CRWD, ETOR, SE. All but LIF at some level of profit. LIF is a 0.57% loss because I just added some yesterday.
ATGE, MELI and RBRK continue to fall from my sales yesterday, so that worked out.
Update: SE did not hit my stop loss, missed it by 22 cents. Might hit tomorrow.
DAVE once again had an upside reversal from what is now clear support. Keep your eyes on this one. I might add some more. My stop loss is pretty far below today’s low.
Well, the stocks I sold yesterday are mostly bouncing back, but no regrets, have to try and mitigate risk on occasion. My SE stop loss hit today, got out with a profit. DAVE did indeed follow up yesterday’s strong action with a move up today.
I bought a 1/4 position in EYE as it breaks above the shelf/flag area. Have a stop loss at low of that shelf
ETOR opened low and started moving up beyond yesterday’s low so I bought.
5 minute chart.
Also bought CRDO breaking above a down trend line
My CRWV finally sold on the stop loss. Dipped below but is not above. As noted, I only bought 1 share as a joke and then used it as a test of moving up stop losses to protect gains. Made 28%, so I can have a nice dinner
Magenta line was proper IPO breakout buy.
Green line was when I bought to prove to my buddy that I could make it crash
Red is where I sold it on stop loss today. I kept moving my stop loss up, often to the low of the day before or two days before.
So, if you held it a year, you would earn 72%. About 1% a week if compounded? Rule of 72, you would make 100% in a year with compounding. Assuming the rate never changed.
Correct and the rate does and can change daily except on the weekends. But I still get paid the last rate on the weekends.
Well, that market “panic” did not last long. Iran is now begging Qatar and the US to convince Isreal to agree to a ceasefire. Isreal said it would take them two weeks to do their business, so there will be no ceasefire in my mind. But IRAN clearly cannot fight back Anyway…
On Friday, I was stopped out of DAVE (sad) and was tempted to sell others but decided to wait, I figured the war would be quite one-sided and have little impact on the market. Today I had to sell CVNA at a 2.58% loose. I broke the IBD rules, I had a good run from the breakout and it touched 19-20% profit at peak. IBD says take some profits there to make up for your 7% losers. I did not. Thursday it fell to the 21dma and held. I had not idea the war would happen and figured finding support was good Friday it slice below the 21dma. This was a real yellow flag and made it one of my weakest IBD holdings. I should have locked in my remaining profits and assumed the war would make the market go down in Friday. Sell your worst first! The rule I broke was “don’t let double digit gains get wiped out”. Given I went negative today, Friday was my last chance to prevent that. If Andy had just said “Pete, don’t lose your double-digit gains in CVNA” I might have sold. So I have to blame him
I already had some cash in IBD account and it got up to about 30% by the end of the day. I used that all to buy GLD as a hedge. That is down 1% today, but it was the right move. I can start selling if off now.
If fact, I sold some to buy a 1/4 position in AMD as it jumps above 200dma on very high volume. Not sure why, but the market is always right. IBD calls this a very aggressive entry. I will closely watch the 200dma, but not set a stop loss yet. I have been watching AMD for a bit now and there was good news Thursday from CEO Lisa Su. Their new chip/system is claimed to be as fast as Blackwell. It was developed in conjunction with OpenAI (therefore, street cred). We are also moving in the inference phase of AI, in which, AMD is expected to compete well. s
Some stocks I am watching today: MELI, LIF, DAVE, CRWV. ETN is breaking out.
That is a problem Pete with us being position traders. We are trying to let them run and it can bite us. Maybe sell half when it gets up to 20%? I don’t know what the right answer is but if you think it could be a big winner, one of the market leaders, it would be a shame to sell it all. I think AMD looks great and that is a well placed trade. Easy to set a stop just below the 200sma and will tell you if it is wrong or not. With what Israel is doing we could have a good run now, Maybe I should sell it all because I am getting to optimistic, almost euphoric?
I keep trying to make myself sell half at 20%, but some of my holdings activated the 8-week rule, and then round-tripped. Live and learn (maybe)
I am trying to build a real position in CRWV. It is about to make new highs, so I will add to holdings at that point, which might be a few minutes.
Watching for TXRH to move above downtrend
KLAC breaking out.
ETN broke out yesterday
I would like CRWV to flag out for another week but who knows?
Agree, it just backed off that high real fast, so no buy now.
I have been buying RDDT as a “value” stock and waiting for a move above 200dma. It is up 11% today, seemingly on news that they are suing Anthropic for copyright theft. That makes me want to wait a bit so see if that excitement wears off and it stays above 200.
