Posted by foody518 on 14th of May 2024 at 03:17 pm
I found some breakout or flag setups in utilities names a few
weeks ago. It ended up being bits in ETR SO NI PEG ED DUK. And a
bit in the stronger energy charts if oil prices hold up. Waiting
for uranium miners to be more than a few days pop. I'm prioritizing
moves that look like they should trend for more than a week at a
time, case in point being onsite at work this whole week setting
intraday trade executions is really not happening
Posted by foody518 on 14th of May 2024 at 03:24 pm
This was a 2:1 idea on PEG from a bull flag breakout entry after
it broke above the prior consolidation range. I was showing the SO
chart a few weeks back, thought that one would run better, but PEG
has edged it in % gain entering around the same time
Posted by DigiNomad on 14th of May 2024 at 03:24 pm
Nice. I'm also big in XLU names... Matt's post of FinViz scanner
started a utes bonanza for me (I was already in but that really got
me more involved). I am being more careful with XLE names. The
world economy is much much weaker than people are letting on.
If you don't listen to CNBC or Bloomberg and just look at the
economic reports, you should be able to see what I mean without
much effort. (another trick has been the Copper move....it's
not demand driven, but the market is acting like it is...because
it's historically been a good signal).
Posted by foody518 on 14th of May 2024 at 03:25 pm
Thanks for sharing. Agree on energy, and I'm not in as big on
the copper ideas since as you mentioned, more of a constrained
supply scenario driving price.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
So mainly XLU and XLE?
Internals are very positive. Crazy spike on Google demonstration has ...
Posted by DigiNomad on 14th of May 2024 at 03:12 pm
So mainly XLU and XLE? Or do you mean something else?
I found some breakout or
Posted by foody518 on 14th of May 2024 at 03:17 pm
I found some breakout or flag setups in utilities names a few weeks ago. It ended up being bits in ETR SO NI PEG ED DUK. And a bit in the stronger energy charts if oil prices hold up. Waiting for uranium miners to be more than a few days pop. I'm prioritizing moves that look like they should trend for more than a week at a time, case in point being onsite at work this whole week setting intraday trade executions is really not happening
This was a 2:1 idea
Posted by foody518 on 14th of May 2024 at 03:24 pm
This was a 2:1 idea on PEG from a bull flag breakout entry after it broke above the prior consolidation range. I was showing the SO chart a few weeks back, thought that one would run better, but PEG has edged it in % gain entering around the same time
You seem to always post
Posted by DigiNomad on 14th of May 2024 at 03:25 pm
You seem to always post great charts that belong in an IBD handbook. Appreciate it!
Nice. I'm also big in
Posted by DigiNomad on 14th of May 2024 at 03:24 pm
Nice. I'm also big in XLU names... Matt's post of FinViz scanner started a utes bonanza for me (I was already in but that really got me more involved). I am being more careful with XLE names. The world economy is much much weaker than people are letting on. If you don't listen to CNBC or Bloomberg and just look at the economic reports, you should be able to see what I mean without much effort. (another trick has been the Copper move....it's not demand driven, but the market is acting like it is...because it's historically been a good signal).
Thanks for sharing. Agree on
Posted by foody518 on 14th of May 2024 at 03:25 pm
Thanks for sharing. Agree on energy, and I'm not in as big on the copper ideas since as you mentioned, more of a constrained supply scenario driving price.