Welcome to Chart Wave Trading
Our passion is combining fundamental analysis with technical charts to give you a complete picture of what you are buying and when the best time may be to do so.
We launched our substack, where you'll find:
• The Sunday Market Pulse - Our weekly newsletter going over all things stock market for the upcoming week
• Deep Dives - Fundamental and technical analysis for stocks
• Earnings recap - quarterly earnings highlights with technical analysis
• Educational content
It is all 100% free | https://t.co/eeQTDBln6P
Mid-Week Market Review
Our casual thoughts on the market with a little technical analysis. $SPY $IWM $BTC
Every Wednesday on our substack. it is all 100% free.
See below!! 👇
Lots going on in the markets
- $BTC selloff can’t be ignored. Sentiment is extremely low
- SpaceX IPO is about a week away
- Midterms are going to begin to enter the conversations
-Anthropic filed their S-1 for their IPO
-Tom Lee looking to replicate $STRC under the $ETH ecosystem paying weekly (9.5% annual)
SpaceX IPO set for $135/share aiming to raise $75B at a $1.75T valuation.
Will be largest IPO in history and so much coverage on it. Between rule changes, float allocations, rolling unlocks for insider sales, the thousands of shares waiting to hit the public market, index inclusion…no one really knows exactly what is going to happen.
June 12th. $SPCX. 🍿
Regardless of your stance on $BTC, it is a great example of the emotions of investing.
This is why index investing should have a place in everyones portfolio. Risk management is crucial for investing
With that said, $BTC narrative and sentiment seem to be at all time lows currently. This is typically when buying makes sense. The thing with $BTC though, is that they don’t have any fundamentals to lean on or turn their own story around
Recently, we saw software get destroyed at the beginning of 2026, but then earnings came in and they recently went on a tear. $SNOW $NOW $ZETA, all soaring the last could have weeks. $BTC does not have the benefit of fundamentals to assist its use. Sentiment really needs to change for this one to turn around. Bulls need to defend key levels to keep the vision strong.
For transparency, we own $BTC and makes up around 1% of our investment portfolios.
This week @michaelbatnick@TheCompoundNews talked about stocks in the past that showed falling stock prices despite growing revenue. In theory, many of these seemed like a buy. Well, some of those names were Blockbuster and Radio Shack, clear losers 10 years down the road. This highlighted the difficulty in choosing the right stocks. They went on to discuss that investors are in a similar situation when looking at software. Stock prices plummeting while revenues are growing. Choosing the ones that will survive vs. the ones that will turn into Blockbuster will be difficult.
Below, we pulled charts for Revenue/FCF vs. stock price for some software names. $ADBE $NOW $PATH and $CRM. Not listed is $SNOW, but shows a similar pattern.
Currently software is red hot. $IGV is up over 30% from its current bottom. Some of these individual names are rallying more than others which may be a signal that investors may be placing their bets onto the ones that will survive and be around in the long-term.
$ZETA
Price finally getting the bid it deserves
Breaking out and showing strength as software has been running hot. Lots of people are catching on the moat that $ZETA has and buyers are piling in. Typical Wave 3 behavior.
Long-term targets remain unchanged
$COIN
$BTC and crypto sentiment seem to be at all-time lows, actually quite surprised how well $COIN is holding its fib level ranges between the 0.618-0.786
This week @michaelbatnick@TheCompoundNews talked about stocks in the past that showed falling stock prices despite growing revenue. In theory, many of these seemed like a buy. Well, some of those names were Blockbuster and Radio Shack, clear losers 10 years down the road. This highlighted the difficulty in choosing the right stocks. They went on to discuss that investors are in a similar situation when looking at software. Stock prices plummeting while revenues are growing. Choosing the ones that will survive vs. the ones that will turn into Blockbuster will be difficult.
Below, we pulled charts for Revenue/FCF vs. stock price for some software names. $ADBE $NOW $PATH and $CRM. Not listed is $SNOW, but shows a similar pattern.
Currently software is red hot. $IGV is up over 30% from its current bottom. Some of these individual names are rallying more than others which may be a signal that investors may be placing their bets onto the ones that will survive and be around in the long-term.
On May 10th, we wrote an article about the SaaS massacre we were witnessing in the markets. We discussed how a lot of what was happening was not rooted in fundamentals, rather it was a fear narrative which resulted in very bearish sentiment that surrounding software
Since then, $IGV has rallied over 25%, and over 30% if you mark the true current bottom
https://t.co/5MbYSqp2Zp
There are some names that have jumped well above 30% as well. $ZETA has been one that we held throughout all of the SaaS selloff and actually took that time to accumulate more shares and it grew to one of our largest positions.