Larry Tentareli, Blue Chip Daily

Full-Time Technical Trader, intermediate to longer term. Publisher of a financial markets trading, commentary & education website.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

Alot of people like to argue with the market - not me. The only side is to be on the right side, regardless of what we think about any of it.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

What’s more Important - that, or stock performance and your P/L?

Here’s what matters: price trend and are you on the right side and making money - that’s it.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

When you have a market where diverse names like $AMAT $CAT $DIS $FCX $MS $QCOM $ROKU $SE $SBUX $TJX are all on the new highs list, it is indicative of alot of underlying market strength.

These are always opportunities to book partial gains and raise stops as well.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

$CAT
new all-time high >180.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

Markets are never easy - even at new highs and trending, the trader/investor can always over-think it or over-trade.

What has helped me the most is to stop making directional market calls and just trade the chart on the screen. Once we make a market call, we get locked into it.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

1455 stocks > $2B market cap are trading over their 20 & 50-sma, but many pundits seem to think it's a 'tough market'.

It could get more difficult at any time, but for now there is alot of positive momentum. Often the market gets tougher in our heads than it is on the screen.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

I booked gains in $NFLX in Sept. to go into $SE, which has been a big outperformer, based on the chart R/R.

I've also sold/been stopped out of names that have gone higher. The key for me is to focus on the best opportunities & accept that sometimes stocks we sell can go higher.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

$SE has been a top performer for me & Blue Chip Daily Members.

New all-time high > $197, +34% from my 9/14 buy

Our Chart of the Day on 9/10 & 10/22.
On our Top 25 Weekly Buy list: 11/29 (this week), 11/22, 10/25, 10/18, 10/11, 10/04, 9/27, 9/20, 9/13.
👉https://t.co/RQSBWhjjOX

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

NEW Article: "Long-Term Trend Reversal Underway In Energy" --> https://t.co/YYnHcioxI3
$XOP $XLE

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

I haven't had an airline stock on a buy list or as a holding for as long as I can remember, if ever, it's been a long time.

There are long side opportunities in high growth momentum stocks, cyclicals in uptrends & longer term trend reversals as well - a very diverse mix.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

A very solid day in recovery names for Blue Chip Daily Members:

$UAL is +11% since yesterday's AM Chart of the Day Buy List
$BA +20% from the 11/23 COD Buy List.

Both were on the 11/10 Recovery List I put together for Members. +26% & 24% since then.
https://t.co/RQSBWhjjOX

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

My latest market blog for @seeitmarket
$XOP

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

$SPX $NDX $EEM $VGK $SMH all recent new highs.
1412 stocks > $2B over their 20 & 50-sma.

While markets can pullback & reset at any time, the underlying charts, trends & base breakouts in a variety of industries from cloud to steel continues to be strong int. to longer-term.

[Gary Black @garyblack00]

$TSLA

[EasternGate96 @yaight96]

@LMT978 First I ever read front to back. Gold.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

Marty Zweig isn’t often mentioned, but for me, he was a great influence. His book below, from 1986, was one of the first trading books that I ever read, and is just as relevant today.

Technology changes, but what works in markets is very consistent over time.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

Marty Zweig, one of the greats.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

If you are waiting for a pullback in a stock that doesn't pullback very much, that is often a sign of institutional strength and buying demand. These stocks often go on to outperform.

[Larry Tentarelli, Blue Chip Daily @bluechipdaily]

If you are getting stopped out frequently with markets trending & at new highs, very often your stops are too tight for the market volatility. Keeping stop %'s the same regardless of market conditions is flawed plan.

The markets aren't going to adapt to your trading method.