God Bless our Vietnam Veterans!!! 🇺🇸
My father served in this war. I have a second cousin ( grandmother’s brother’s son ) that stepped on a land mine in Vietnam and is memorialized on the wall.
Thank you to all of our great American military personnel doing their jobs so that we may be free!
After a Gap Down that fails to push lower and then turns back up through the OR High the first target to watch for is the Oops pivot. After that you start to watch for the hallmarks of a trend day to start showing up. The first of which is MINIMAL DIPS that then push higher.
The psychology behind that is you have folks with recency bias from the prior session's beating and they want to fade the rally. And they simply provide more buying power as they are forced to cover.
After the Oops pivot comes the midpoint. If you can get over the midpoint and flip it to support the trend day further gains steam. If you can go full engulfing and flip the prior day's high into support you have a stampeding situation.
Watch for those standout names that can achieve these things. $QQQ $SPY #Oops
Remember when a random longwinded hippy out in Austin said January was the trickiest month of the year🤔😉🤣
Well even a blind squirrel finds a nut sometimes🥜♥️
Goodbye, January & as the great Buddy Guy says..."let the door hit you where the good Lord split you"🤣
The upper trend line combined with today's large volume reversal bar is what I used to reduce my position in CLS at $125 originally bought at $57 with add-ons buys along the way. We can see from the chart that the trendline touched 3 points on a WEEKLY chart which is very important in using this CANSLIM sell rule.
@Invest0104 A 3-4 months+ 3 touch trendline break to the upside often indicates climactic action after an extended advance. It is an important CANSLIM sell rule which is the method I trade.
@Beth_Kindig But SK still has an significant yield advantage in their approach to packaging the die... Not sure if this was what's driving Jensen's comments about HBM competitive landscape
An ordinary scene can turn extraordinary under certain conditions. I've driven by this scene hundreds of times. But the snow covered trees and cloud filled valley made me stop on this day.
@mwebster1971@marketsurge@IBDinvestors Great discussion Webby! I'm surprised nobody's mentioned the impact of dark pools on intra day volume signatures. Many of the dark pools don't post their trades until after hours some even pre hours. Easy to see this if you look at the first 15 minutes after the market closes.
@gmorton512 Love your analysis & like the sales growth but struggle w/ this stock. Will sales growth continue? My informal survey of performance runners and even casual walkers really don't like the floatie feel of the shoe.. Webby made the same comment... How do you trade this off..
I don't like $BIRK over $ONON, or over $DECK for that matter. Roppel @Upticken teaches to own the leader in the space, it will do 50% better than second place. $ONON is the leader imo, and $DECK is number two. I actually own both those two. I do not need increased risk from a third shoe stock. Plus I see $ONON everywhere I go, and see a fair amt of $DECK Hoka and Ugg. Can't recall the last time I saw someone wearing $BIRK. We actually discussed all three of these stocks at our monthly #canslim meeting at The Stockyard this week. Next meeting is Feb 4 and registration just opened if you desire to attend and learn: https://t.co/GOKO0VwfK0
10:40 AM · Jan 9, 2025
📈 Attention newer traders! 🔍 Dive into your 2024 trades and do this simple exercise to start the year:
✅Best 3 Trades: What made them winners? Celebrate your smart moves, but also ask: Could you have maximized gains even more?
❌Worst 3 Trades: Don't shy away from these. Analyze each mistake. What went wrong? How can you avoid similar pitfalls next time?
Study past big winners so you know what to look for in the current winners (price and volume support at 21-day and 50-day areas, climax runs, etc.). O’Neil made over 300% on this one back in ‘99 and sold it right into its climax run. From ‘Monster Stocks’