Stopped out of Floc and Crwv today. Lost 5.7% on Floc and gained 44% on Crwv.
I am not sure that Bill would look at this as a valid base yet, therefore no IBD breakout. I looked at it as a Darvas-y box and had a buy stop in. It hit while I was out for the morning, and now I am at a loss.
I do not like that action in a lot of stocks, such as DDOG, NET, AXON, NET, SPOT, NFLX, TEAM, OKTA, NOW, MELI, ADSK (a lot of enterprise software stocks in there. The other night Cramer said he has soured on them, I wonder what he knew).
Down, but support at 21dma: ZS, RBLX, CRWD, SNOW
Small caps (IWM) and mid-caps (MDY) are having nice days.
I sold MELI yesterday on gut-feel even though it found support at the 50dma, but today it sliced below it.
CAVA and AMD are showing strength. I see this as a rotation into beaten down stocks that still have good prospects.
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Picked up BITB as it came out of a flat base. Bitcoin is on a uptrend.
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Yup, I added to IBIT, have a full position now.
SEZL lost its sizzle. Could not bounce of the 21dma this time.
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I sold my NFLX yesterday. That locked in a 23% gain, something I may not do enough. It has had a long run, but also has high price targets. The bad action in some leaders (e.g. software), encouraged me to sell near highs. With some of that money I bought IBIT and then today I bought a 1/2 position in ETHE, which is just breaking over some near-term resistance.
I also trimmed a few of my newer trading shares in software stocks, and moved money into AMD in non-IBD fashion.
I will trim some more today.
Oh, Cramer analyzed HNGE last night and told viewers they could buy it around $45. It is about to turn profitable and has good ARR. That is probably why it jumped today. Hope it gets memed so it goes a little crazy. I have a very small position so had decided to hold it through the recent dip.
HOOD may have a baby-breakout above $100.
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CTM small cap penny stock making a nice move today.
I had been watching it the last week or so as it formed something of a short cup.
Not legit by IBD standards, as I understand them.
Nevertheless, I bought it this morning as it broke above what I thought was key resistance at 1.25.
I don’t have Market Surge so don’t know the IBD ratings on it.
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CTM Here you go. Did you put a stop on it? That is fairly whippy but it has tightened up. Has nice volume of 1.7 million per day.
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HLI broke out of a flat base today on decent volume not great but decent. It is holding at the top of its range. I picked it up.
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Picked up CORZ on break above 21 EMA. It is being bought by CRWV at a 1 for 8 ratio. It is not expected to close until the 4th Quarter.
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Bought trading shares of TWLO in my MFCD2020 portfolio as it had a strong breakout from cup/handle today. I had some low buys and attempts at early buys that hit my stop loss a couple days ago. Of course that was the bottom, but I made nice profits. Bill would not care if he had sold, the new chart says buy, so I do.
An honest evaluation would probably result in a no-buy. The ratings are not great and the cup depth was 49% deep. I am probably biased by my long-term holdings giving me faith.
Sold KBWB at 1.47% loss (full position). JPM and WFC dropped after earnings reports and dragged this down with them. That broke my expectation that the big banks would beat. Now I have cash to use, so I am happy.
Sold HNGE for 1.5% profit. Had a small (12%) position because it is so volatile. Did not like yesterday’s downside reversal but failed to sell. Got out today and might try again on a new dip followed by strength. Since its first IPO breakout, it has had one 3-day up streak and two 2-day up streaks. It will now go to $100 in 4 days ;-(
Got Stopped out of DAVE after one day. Bought on move above 50dma yesterday. I think DAVE is my great white whale, I have tried it multiple times but it keeps killing me. 1/4 position with 5.8% loss. If I had bought it 1% above the 50dma, it would be a small loss. I have to stop buying late when I miss stuff. But will I?
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Way to follow your rules. That is the hardest thing to do. We all want to have only winners. I thought I was going to get smoked in HLI because after hours yesterday it lost over 10% but miraculously it came back before the opening.
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This one killed me, I had a nice run, then it violated my stop loss by a tiny bit, and now it is gone. If only my stop loss had been for the closing of that gap, I might have hung on. Oh well, just need one good one to make up for a lot of little losses.
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ODD looks like a flag-like pattern with a 13% deep flat base as the flag. Consolidating from 52 week highs. Nice move up yesterday to finish just above 21dma, a confirmation of that move and lows above 21dma could be an early entry.
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Yep, I am watching it as it had a reversal from early pop, but working its way up and is at +83% vol, though some of that was downside reversal. I had a previous buy stop that hit on initial breakout only to see it fade.
Other breakouts to watch with nice volume: ROAD, RACE, LI. ROAD and I think RACE were in last night’s IBD video, so that might be part of the pop. ROAD is only $6.2B.
SPOT bouncing of 50dma, so I will probably nibble a bit more.
I am seeing crs holding up off a 3 week tight, Road, TFPM Upside reversal off the 50sma, Five first stage coming up off a flat base, ONC stage 1 flat base but downside reversal, Aeva nice bounce off 21 ema, Dave popping above the 200 dollar mark.
Nice. Also meets Darvas box criteria. Excellent growth ratings. Only negative I see is light vol on breakout. I would buy it.
Today I bought ROAD and TOST on breakouts. Considered RACE, but took the ROAD less traveled.
ROAD has very good ratings, RS 91 and breakout was on +97% vol. I only bought 1/4 position because it was mentioned on the video last night and I worried this might be a response to that. And, with the TOST buy today, I only have 1/4 position of cash left, which I can use on ROAD tomorrow. I will likely sell SHAK tomorrow as it is my worst stock in the account. I have just over a 1/2 position in SHAK and am 6.84% positive because I was buying it on the first breakout, which is no longer showing on the chart. It is currently below the 21dma and if it does move up, I will have more incentive to move cash to ROAD or better stocks. Got lucky on the ETHE buy the other day before it went up 11%, so good start for that.
TOST has been tricking me. Trigger a buy-stop on the first breakout, but that failed. I held because it didn’t go down much. Today I bought the final 1/4 position because the breakout was strong enough, on +60% vol. It built a flat-base “Darvas box” after the earnings gap out of the previous cup with handle, which I did not buy. Buying a 1/4 position on the big gap up would not have been risky and would have gotten me started with a better cost basis. Maybe next time we learn.
AS holding in, not really moving. RBLX is a big winner and I have stop losses in. HWM is a good winner too, up 30% since I bought the breakout. Climbing up nice and slow. Added a big on a Darvas box breakout and set stop loss for all below the box a couple weeks ago.
ORCL above 28% profit taking level, but not taking profits yet.
Bought tiny bit of SPOT as it bounces of 50dma. I have great faith in this, next NFLX. I have bought several breakouts and many support bounces.
RMBS had a nice move above the buy zone today, that helps. Others are all positive right now except AS is down 0.7%.
So how am I doing? That question has two answers. My dedicated IBD account is 1% below its Jan 1 starting point and the S&P is up, so I am losing to the S&P. But, outside of my IBD account, I use IBD rules to trade around old MF core positions. SPOT is one where the IBD trades are doing very, very well, as is RBLX. I don’t take the time to do the match to add them into my dedicated account results, not worth it. Last year, my IBD account almost exactly tied the S&P.
I put a lot of work into this, but I am not crushing it, so why do it? I like it. I like the challenge. I like that during the next big crash, I should be all cash in my IBD account and then start compounding vs the S&P at a better level. I like that I have a chance to find the next “big one”. Will it be SPOT, maybe. Will it be RBLX, doubtful. Will it be some IPO base I buy. Maybe it is my UBER.