The best stocks are the ones that refuse to break.
$CHEF is showing relative strength while many stocks show weakness.
A clean ascending base with contracting volatility, backed by 60% YoY earnings growth last quarter.
Worth watching for a decisive breakout
Wide and loose price action is where traders give money back.
We’ve seen it across a lot of stocks lately like this example on $STRL .
You don’t have to trade because it’s moving.
Be patient. Wait for price to tighten and the right setup to come to you.
The best stocks show strength when the market shows weakness.
$FTNT did exactly that, tightening this high tight flag while the market was pulling back, before finally breaking out.
Holding a position on this. Waiting to see if we can follow through and get more setups. $SPY
Chart review and pattern recognition are two habits shared by many of the top traders featured in The New Market Wizards.
If you want to execute like they do:
• Save screenshots of your best setups.
• Study them until the patterns become second nature.
• Make it a habit
Sentiment is at a 6-month high and things are frothy.
Volatility is picking up in individual names, bigger whips both ways as indexes pull back.
If this continues, moves could accelerate. Be careful with size.
We may be setting up for a blow-off move.
$SPY
In stocks, a “mental health buy” is when FOMO or boredom makes you take a position simply because sitting out is making you antsy.
These trades often lead to giving back profits, mental capital, and leaving you unableto get aggressive when the real opportunity shows up.
$SPY
$FTNT showing notable strength and tightness while much of the market is gapping down or fading today.
Keep an eye on this High Tight Flag setup.
Cybersecurity leader with EPS growth accelerating to +41% last quarter.
I’d been talking about $MRVL since early April because it looked stronger than most stocks I was watching.
Bought in on 04/17.
Now it’s up 130% from my first buy.
$MRVL $INTC $AEHR $SNDK are the leaders in this rally. If this rally holds and we form new bases, these are the stocks to watch!
networking / optics bottleneck & theme
Added some new positions today/yesterday:
VCP on $ASML
High tight flag entry on $STRL
High tight flag on $DOCN
Sentiment is getting more negative but my new positions are still following through, so let's go!
I was tracking $MU closely back in Feb. long before the parabolic run made it obvious.
It was showing strength while many other stocks were weak. One of the few companies making advanced HBM for AI.
It gave me that $NVDA 2024 energy early.
$MU is now up+125% from that period
@CFlanders7 I’ve struggled with that first part a lot
The fix is you need to be willing to get aggressive early in the rally when things are still uncertain.
I often stay on the gas too long and start chipping away at profit.
As your positions follow through, one must get more cautious
Although I trusted the books as a new trader, I was skeptical whether the patterns and content were overblown.
After experiencing a couple bear and bull markets I can confidently say this stuff works. Double bottoms, cup and handles, cheats. It all repeats over and over again