Ron

Personal Markets and Charts Journal - Thoughts and Observations

Educational purposes only, Not investment advice

[Ron @ChartJournal123]

@LindaRaschke Would love to know what settings, timeframe are on your bands!

[Ron @ChartJournal123]

This group looking really weak. "Data Processing & Outsourced services" names in the Russell

Head and shoulders on all of them

$BR $EXLS $G $SSNC

[Ron @ChartJournal123]

Still chopping in the channel. If sentiment can turn up these next couple of weeks would be great for this group

$ARKF

[Ron @ChartJournal123]

Would guess it needs some more time in the channel here, but $ARKF has been basing for over 6 months, one to keep an eye on

[Ron @ChartJournal123]

These two haven’t looked back since breaking out these cups.

Basing again and compressing right near highs

[Ron @ChartJournal123]

$ARW $AVT Technology distributors sub sector, huge days on volume

[Ron @ChartJournal123]

@HostileCharts 😂😂😂

[Ron @ChartJournal123]

Only 28% of S&P 500 Components above their 50-day and $SPY still just ~1.5% off of its high. Pretty remarkable

Getting close to where we see many local lows

[Ron @ChartJournal123]

Cyber/Data Security another sector sticking out, good to see a continuance of select sectors during bad breadth

$CRWD $FTNT $RBRK $S

[Ron @ChartJournal123]

52-Wk highs out of the Technology Distributors group.

Tough to find much strength today but certain pockets are showing it

$CNXN $AVT $SNX

[Ron @ChartJournal123]

$IAT Downtrend prevailed, interested to see how this interacts with 200d

[Ron @ChartJournal123]

$IAT Regional banks pulling back and broke below 50 day, wouldn't be surprised to see this pull further to 59ish area.

Nothing unhealthy about it imo

[Ron @ChartJournal123]

Trading companies & Distributors sub-industry in Thinkorswim showing a lot of strong names, mainly industrial type

$KRT $TRNS $XMTR $BXC $TITN $WCC

[Ron @ChartJournal123]

$RDW and $SATL seem to be the leading or best looking setup for sat/space names compared to the rest. Both above Key MA's and showing some sponsorship at the moment. Sector has been asleep for awhile

$UFO

[Ron @ChartJournal123]

Failed after one close above the 50d, this is why stops and managing risk is important

[Ron @ChartJournal123]

$CXT Decent setup here in my opinion if it can regain above 50d. Double bottom quietly chopping sideways for a bit.

William O'Neil tidbit: "lowest point of second leg must undercut lowest point of first leg even if by a penny"

[Ron @ChartJournal123]

$CXT Decent setup here in my opinion if it can regain above 50d. Double bottom quietly chopping sideways for a bit.

William O'Neil tidbit: "lowest point of second leg must undercut lowest point of first leg even if by a penny"

[Ron @ChartJournal123]

$ADM Clean breakout and retest, not much of a gain but I gotta stick with the groups that are working.

Higher breaks within bases, or pivots in high RS groups is much better R/R at this point in time than trying to nail bottoms of previous leading sectors imo.

[Ron @ChartJournal123]

Love the setup out of $ADM, would love even more for it to go sideways for a little longer

Agricultural area has been against the grain as of recent showing great RS

[Ron @ChartJournal123]

One Relative strength area in the Russell 2000 is health care services.

All above key MA’s and most above even 9ema

$INNV $NEO $PRVA $RDNT

[Ron @ChartJournal123]

$ANF $GAP $URBN Clothing retailers holding their gaps after earnings, some better than others. The space looks strong none the less

[Ron @ChartJournal123]

$XRT Looking constructive off of the 200 day and YTD VWAP

[Ron @ChartJournal123]

$SOLS Like this setup out of Solstice Advanced Materials, would be even better if it could finish high today and consolidate gains quietly for a little while on this shelf.

[Ron @ChartJournal123]

@GnT_Trades A past teacher always had me write “I am smart” on top of our tests. Positive thoughts work