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TSLA rejected at the 9ema

Posted by frtaylor on 1st of Mar 2023 at 01:20 pm

TSLA rejected at the 9ema for the moment (202.47)

On seasonality, a recent sentimenttrader.com  email I received pointed out that "stocks tend to be strong March - July, especially in pre-election years." Certainly not a signal, or even a specific key indicator on the charts, but good to keep in the back of the mind.

GDX finally turning? Divergence on

Posted by frtaylor on 23rd of Feb 2023 at 03:33 pm

GDX finally turning? Divergence on the 5 RSI; 1 hr chart.

TSLA, 1hr chart. May just

Posted by frtaylor on 22nd of Feb 2023 at 01:56 pm

TSLA, 1hr chart. May just be flagging here, with another move higher to come. Will have to retake the 9ema on the daily, though (203.xx).

Also, SPX getting close to the 50% retrace (3980) from the late January low.

QQQ, the 200dma comes in

Posted by frtaylor on 22nd of Feb 2023 at 10:31 am

QQQ, the 200dma comes in at 289.xx. I figure we'll hit it, maybe today.

I closed it out too, for a small loss. Bad move, but not a catastrophe. Your quote, "I find that people tend to get the most emotional right near a major turn," man that's me sometimes! I'm getting better with the SPY System in particular though - I've been holding through the drawdowns consistently. Of course, it helped that last year we had a shit-ton of winners.

First measured move achieved! Sold

TSLA, 15 min, bear flag

Posted by frtaylor on 22nd of Feb 2023 at 10:12 am

First measured move achieved! Sold my put, still own TSLQ.

A couple symmetry targets shown.

TSLA, 15 min, bear flag

Posted by frtaylor on 21st of Feb 2023 at 01:47 pm

A couple symmetry targets shown. First one is ~193, second one is ~190. Staying below the 9ema on the daily would help. 9ema = 203.90 atm.

TSLA, 15 min, bear flag

Posted by frtaylor on 21st of Feb 2023 at 01:10 pm

TSLA, 15 min, bear flag

Closed it, thanks for the

CPB Updated View

Posted by frtaylor on 21st of Feb 2023 at 01:09 pm

Closed it, thanks for the trade!

SPX - symmetry break coming?

Posted by frtaylor on 21st of Feb 2023 at 12:57 pm

SPX - symmetry break coming?

ASRT - continues to assert

Posted by frtaylor on 16th of Feb 2023 at 02:52 pm

ASRT - continues to assert itself.

Whoa! Wish I still had

SGEN comments

Posted by frtaylor on 16th of Feb 2023 at 10:48 am

Whoa! Wish I still had it

LIT - lithium etf, bull

Posted by frtaylor on 16th of Feb 2023 at 10:14 am

LIT - lithium etf, bull wedge on 2 hr chart.

AQN - bucking the trend

Posted by frtaylor on 16th of Feb 2023 at 09:36 am

AQN - bucking the trend

META, 15 min, breaking the

Posted by frtaylor on 8th of Feb 2023 at 10:58 am

META, 15 min, breaking the triangle. My one put is profitable, stop at breakeven. May buy another on any flag pattern that develops here.

I did take 2/3 off

ASRT follow up

Posted by frtaylor on 8th of Feb 2023 at 10:54 am

I did take 2/3 off near the highs.  Will swing the rest, given the cup&handle pattern, which should play out higher. Stop below the 9ema, unless you have another suggestion. Nice trade so far!

VYM daily, triangle.

Posted by frtaylor on 8th of Feb 2023 at 09:50 am

VYM daily, triangle.

META looking weak on the

Posted by frtaylor on 6th of Feb 2023 at 03:16 pm

META looking weak on the intraday charts.

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