Chew Chew Trade

Swing trader. In the charts since 2013. Math nerd and chart reader.

Not financial advice - personal thoughts & opinions only.

[Chew Chew Trade @chewchewtrade]

@InTheAssembly CAPEX in AI spending is the issue, hitting their stock. Just look at $MSFT's earnings today - they mentioned CAPEX will be lower than expected, and the stock is doing fine.

[Chew Chew Trade @chewchewtrade]

@NoLimitGains CAPEX spending is the other issue. Just look at $MSFT's earnings today - they mentioned CAPEX will be lower than expected, and the stock is doing fine.

That said, agree with you that longer term $GOOGL will be fine.

[Chew Chew Trade @chewchewtrade]

One method is to measure via ATR multiples. For me, I take 1/3 profits when it's extended by 2-3 ATRs beyond the 10 day EMA.

From there, I move up the stop for the remaining 2/3 to break even to protect capital. If it continues to run, I then put 2 stops... 1 at the 10 EMA, and the last 1/3 at the 21 EMA. Has worked well for me to prove invalidation.

[Chew Chew Trade @chewchewtrade]

@RealSimpleAriel Haha! I do think there will be some consolidation in the next 12 months among the AI names, so not that surprised with the $MRVL and $LITE news.

[Chew Chew Trade @chewchewtrade]

@edgeofsteve $GOOGL it.

[Chew Chew Trade @chewchewtrade]

@twinsight_x Agree. Not out of the woods yet. Just great progress though.

[Chew Chew Trade @chewchewtrade]

Monsterous close with tech. $QQQ closed inching just above its 21 and 50 day moving averages.

Great progress over the 3 days!

[Chew Chew Trade @chewchewtrade]

@801010athlete Yeah, not a good look. Sitting right at the Anchored VWAP to the LOW since it IPO'ed. (green line)

i.e., the average share traded since the LOWEST ever is merely break even right now.

[Chew Chew Trade @chewchewtrade]

@KWofWallStreet Great list. 4 of your 8 on my list too due to tightness and price consolidation at the weekly timeframe: $CRCL $CRM $HOOD $NVDA .

[Chew Chew Trade @chewchewtrade]

@BlakesTrades 👍Pretty much the opposite of O'Neil's take on buying leaders / RS for longs. i.e., short laggards.

[Chew Chew Trade @chewchewtrade]

@alphatrends Congrats @alphatrends ! He must've been "lights years" ahead of his competition.

[Chew Chew Trade @chewchewtrade]

@mwebster1971 @federalreserve *Uncertainty

[Chew Chew Trade @chewchewtrade]

@mwebster1971 @federalreserve Frankly, the Fed should have raised 50bps last month in Sep. Would have rid of the uncertainties for today's meeting and the next one.

Rip off the bandage so we can move forward with less certainty.

[Chew Chew Trade @chewchewtrade]

Today's price action in the markets feels like September when traders were rotating between software vs. semi / AI stocks.

[Chew Chew Trade @chewchewtrade]

$ZS ZScaler in the cybersecurity software space is just firing on all cylinders. Now up over 60% from mid-September.

[Chew Chew Trade @chewchewtrade]

@WarrenPies Goldman sees AI displacing up to 9% of workers. Hiring already 10k below trend in exposed industries. Fed's steady 4.1% looks short lived is my guess. Can't see how this won't be higher by this time next year.

[Chew Chew Trade @chewchewtrade]

@JC_ParetsX Entertainment without the costs

[Chew Chew Trade @chewchewtrade]

@ZorTrades $SKHY reports Wednesday too

[Chew Chew Trade @chewchewtrade]

@klazarovbg I also felt this year, the ones that worked.... worked immediately. Positive feedback was quick.

[Chew Chew Trade @chewchewtrade]

Cheat code for trading, in 1 post. 👏👏

[Chew Chew Trade @chewchewtrade]

@ohiain Cheat code for trading, in 1 post. Great write up @ohiain . 👏