$NDAQ had a weak breakout but good growth ratings. This company will make good money if the IPO market picks up. We have had strong IPOs recently, so that could be a sign that IPOs will have a good year, and thus NDAQ will. It can be bought in the buy zone now.
Hims has been forming a nice handle sticking to the 21ema. I have been picking it up around $52 dollars.
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Good call on Crwv my interest rate is now at 77.5 percent. This could cause a huge short squeeze.
IPO FOMO
Always interesting to remind myself that IPOs should rarely be bought the first day, almost never works out better.
Bought more CRDO in my IBD account today. It had a cup with handle and I made some early buys. I told myself I would set a buy-stop this morning if the market looked good pre-markets, but of course I forgot and now I had to buy it 7% into the breakout, so I had to keep the amount smaller. Hoping it will have a little dip I can but later. I am so happy when I use buy-stops and get the breakouts early, so I am really annoyed at myself for not doing it here and just setting it last night
(I recently had minor hand surgery, so not hot yoga in the morning for 3-4 more weeks, so you will see I am doing trading and posting more in the am).
Also added to RDDT in a non-IBD way. I added on move above 200dma and now on more strength. The meme crowd may move back in after the good AI-ad announcement.
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I bought some $DDOG just now. It moved above 200dma yesterday so added to my watch list. Confirmed move today so I bought it with a stop loss below 200dma. I have a core position in my MFCD account and you can see I have traded around it.
Plenty of mistakes to learn from here, but will I? I bought on a stage 1 breakout in Nov and it did well, might have even triggered the 8-week rule, but I did not have a note on that. In Jan it came down to my buy point and held. If Feb, it fell below 50dma and could not get back. The reasonable thing to do would have been to sell 50%, but no. Then it gapped down on earnings. At that point, I had round-tripped double-digit gains for the second time and still did not sell. That was an unforgivable mistake. It is an IBD rule that I ignored or forgot. I sold a little later at a bad loss. But I did avoid a lot more loss.
In April, it moved above the 21dma, but I did not buy. Was buying lots of other things on the FTD and strength. Then it reported earnings, tested the 21dma and reversed up. That is a classic sign to take a chance, but I did not. All of these buy opportunities would have let me get in well below where I got out.
But that does not matter much, today I am in on signals of strength and have stop loss in place, so I can rest easy. I am almost out of cash in my MFCD2020 account, but want to sell some position to acquire more AMD, which I am starting to believe in for long term inference AI chips.
Chaikin Power Guage rates it “Bullish”.
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6/20/25 - Good Friday
Despite the late fade of the indexes and some ugly action by some leaders, I was able to find some stocks showing off nice strength. Here is a list of stocks bouncing off of moving up through moving averages. Also a couple moving in to buy zones.
The US bombed Iran and took out Fordow. The market could have a sigh of relief and bounce, in which case this list could be useful. Or, the market could think Iran will be desperate and might try to shut down the Straights of Hormuz, even though that is the primary source of income. Or, Iran might fully capitulate and the market will be up 2.5% (TQQQ at 9:45am when the move is confirmed - though highly doubtful).
CME: big upside reversal to close above 50dma on huge volume. If it confirms this move, it is an easy trade with a stop loss below the 50dma. MY NUMBER 1 best stock for you today!!! Just send $99.99 for more!!! 
SHAK, CVNA, HWM, VIK, DAVE, ODD, SFM, WMB, TDG, IONQ,ORLA AVGO
TXRH looking to break above a downtrend line.
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Look at this Pete. It seemed like a really good stock but it’s been in a complete down trend. That is why it is important to manage risk $CAVA
Andy, I have CAVA in my long-term Roth holdings and I do still believe it can become a mini-Chipotle, which means lots of growth ahead. I have been nibbling at these low levels over time.
I will continue to wait for a nice IBD set up and buy in my IBD account off that.
If anyone is looking for a slightly defensive setup in the time of “war”, LHX is a very good defense contractor that focuses more on high-tech and communication vs. bombs and planes. They recently announced a partnership with PLTR, so that could be interesting. I worked for them years ago and ran a small software team that was doing a subset of the big FAA renovation project back in the 1980’s (just before they even had PCs for the system). They still own that contract and I believe are likely to keep it and benefit from the new push to modernize the air traffic control system. Would be interesting in PLTR was involved too
It is in a stage 1 cup with handle and base was only 27% depth. Original breakout seemed weak, but the day before and day after entering the buy zone were strong. It then faded below the zone and Friday popped back in. Up 1.1% in pre-market.
Watch out for HIMS, for some reason it is down big in pre-market and looks to open around $52, well below the 21dma.
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Just weird how the market is treating them. They still have strong Revenue and earnings growth but it is like the market does not believe them. I would have still been holding this in my younger days only because the growth still looks so compelling.
Morning buys:
Decided to buy back into SFM on strong bounce of 50dma. Just a little above where I sold out recently. Bill was never afraid to buy back a stock he sold if the signs were rights.
I recently bought OUST inside the flag pattern and then when it moved to new highs.
I had received a “teaser” from Chaikin for some new service and they promised to reveal this great stock that was the absolute best at LIDAR for autonomous vehicles. They did not tell me for free, but all their hints narrowed it down to OUST. But I never bought it, but it was $11-$12 at the time. Recently, the Gov made them approved vendor for the big “BlueSky” drone project and it create the flagpole. So, I am trying to buy it as a typical flag pattern breakout. Working so far. Could become a classic meme stock “unlimited potential!!!”
also made a small add to AMD as it acts well above the 200dma
HING (Hinge Health) is breakout out of an IPO base is that is your thing.
Yes, I have faith. CAVA just tested a long term support line I had drawn on the chart, so I will watch carefully. Maybe buy some more above 21dma. and then 50dma and then $101.50
Thanks Pete I like IPO bases. I bought some yesterday with my stop on Hims(Lost 10% geez, it was doing so well) anyway I didn’t want to invest in Pharma till the President came out with his policy so being careful.
My CRWV interest rate is now at 62%. It has been going down lately.
Andy, I am glad someone did, because I did not. I think I was busy adding to my positions.
SAIL is another IPO breakout from a cup with handle. I should have bought that today, might try tomorrow.
I had been carving away at my GLD hedge in my IBD account. Stupid ceasefire tanked it 2% and I sold the rest.
Today I bought NFLX and TOST in my IBD account. Yesterday I bought AMD, SFM and SHAK in that account.
My sort-of-IBD and TA holdings are CRWV, CRDO, and OUST off their flagpole patterns. My total gamble is ETOR. My first trade was a small profit, saved by a stop loss. My second and current trade started near lows and I was willing to hold through a test of the bottom, which happened yesterday. I did add there. Now I probably let it ride for a bit, if fortune allows it.
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Did an early buy on SNOW and then added after the breakout. Added a bit more today when it broke out of what I call a “Darvas Box”. MS set a $260 price target on it today. All the blue bars are bigger than the red volume bars and it got a few ants. Tailwinds.
OUST
CRDO
CRWV
None of these Flagpoles are large positions, CRWV is the smallest and I have a stop loss in at the dotted red line. Need to add stop losses for other two tomorrow.
I have messed up plenty of times, so this is not a brag, but I was watching today’s video on AXON and they were talking about how AXON tanked in Feb right as the market was about to turn down. I went back and looked to see how I handled it, and for a change, I did it right and followed the rules. You can see by the marked red lines that as soon as it had that big plunge below the 50dma, I sold and lived to buy another day.
The rules are there because their research showed what rules worked best, so got to keep following them.
Good for you on OUST. I have CRWV, CRDO is my largest position.
