Rorschach

Momentum Swing Trading. Public journal. Daily watchlists.
Setups graded, rejects included. Not advice. никакого риска, никакого шампанского

[Rorschach @Rorschach_MST]

Since I started posting watchlists on Sept 8, 22 names have made the cut. Here's every one of them marked to market — best to worst. No cherry-picking.

$ABCL +21.7%
$IOVA +18.9%
$NTSK +17.1%
$TXG +16.0%
$PGEN +14.5%
$OKTA +13.4%
$HELP +13.2%
$PARR +6.9%
$BE +6.6%
$AGEN +5.2%
$TGTX +4.6%
$RNG +2.8%
$SGMT +2.7%
$STLN +1.7%
$TEAM −0.1%
$OMER −0.8%
$BMNR −1.3%
$SBET −2.0%
$FEIM −2.0%
$ATEC −2.8%
$NESR −3.9%
$PLSE −6.6%

14 green, 8 red.
Group average: +5.4% | Group median: +4.6%
Nasdaq same period: -0.3% | S&P 500 same period: -0.68%

One caveat before anyone screenshots this: these are watchlist-date returns, not trade returns. A name on the list is a name being watched, not a name being held.

Thread below, one post per name, what the setup was and what happened.

[Rorschach @Rorschach_MST]

@cantonmeow $MARA
NO SETUP, ALL HINDSIGHT!

That upper band tag already happened last week and it's now sitting basically flat, pulled back from 13.98 to 13.22.

The move that mattered is done; this is a "look at the candle" post after the fact, not a level to act on.

[Rorschach @Rorschach_MST]

$QCOM Where is the setup?!

Nowhere, this already did 178, cleared it, and now sits at 194, up 9.4% on the day with no pullback anywhere on the hourly.

The 178 to 210 roadmap was accurate, but that means the trade window was two weeks ago at the breakout, not now chasing a double-digit gap day.

[Rorschach @Rorschach_MST]

$SMH - Right level, wrong direction!

You called 600 as inverse H&S resistance, and instead of failing there it broke straight through it.

Structure was accurate, bias was backwards. No setup left now though, up 4.3% today, right at that 597-600 zone with no pullback, just confirmation the level mattered.

[Rorschach @Rorschach_MST]

@ProblemSniper Speak for yourself, brotha!

$META chart already priced everyone in. Up nearly 13% today, straight through 700 with no pullback anywhere.
Nobody's getting a clean entry chasing 751; the setup was the 680 breakout days ago, this is just the crowd showing up late.

[Rorschach @Rorschach_MST]

NO SETUP!

'Laggard' is doing a lot of heavy lifting,. Both are low ADR, tight range names, not coiled springs.

$AVGO 's chopping a narrow 345-360 box for weeks, no break either way. $GOOGL 's grinding slowly higher with no volatility to trigger off. Neither has the range to "rip further" on anything, that's the whole reason they've been lagging.

[Rorschach @Rorschach_MST]

$SNDK Option flow isn't a chart setup, its a bet another party has placed, not a level you can trade risk off. The actual chart shows it's already ran off the 1600 volume shelf straight to 1780, and today's candle is a red wick rejecting the highs on the hourly.

Chasing "they know" at the top of the move isn't a gift.

[Rorschach @Rorschach_MST]

$ARM Where's the SETUP?!

It fired days ago, 'ready' on sept 20 was the actual call, weekly triangle break w/ relative strength intact.

this post flex at 318, is already up 15% from that break with zero pullback.

Nothing to enter now, just a confirmation of an already ran trade.

[Rorschach @Rorschach_MST]

@1ChartMaster $MRVL - REAL SETUP!

Clean symmetrical triangle breaking on volume, structure did the work here.

But at 259, up 6% and clear of the pattern with no pullback, the entry was the break around 238-244.

Nothing tight to buy right now.

[Rorschach @Rorschach_MST]

@ripster47 @TenetCharts @TENETTRADEGROUP Here's the prompt: *rant rant rant while i look at tc2000 chart*, "okay, clean grammar, vocab, make tighter, concise'. There you go.

[Rorschach @Rorschach_MST]

$SHOP Decent setup, this popped right off the 130 base it's been building since the drop from 155, and today's move pushes through the 20/65 EMA cluster on the hourly with real volume.

That's a real reclaim, not a random news pop. Tight risk below 130 if you want in, this is one of the few today with an actual structure behind the headline.

[Rorschach @Rorschach_MST]

$MRNA Called it right too, this was on the watchlist as a compressing wedge before the break, and it did exactly what "something has to give" said. Retest of 175 basically nailed.

Right now though, it's up 14% and vertical off that base, nothing to chase, the entry was the wedge breakout weeks back.

[Rorschach @Rorschach_MST]

$MRNA Called it right too, this was on the watchlist as a compressing wedge before the break, and it did exactly what "something has to give" said.

Retest of 175 basically nailed. Right now though, it's up 14% and vertical off that base, nothing to chase, the entry was the wedge breakout weeks back.

[Rorschach @Rorschach_MST]

@cantonmeow $AMD Sep 16 call was on the money, trend flip caught right at the base before it ran to 609.

But nothing to chase here now, this thing's up almost 9% today with zero pullback. That trade already played out.

[Rorschach @Rorschach_MST]

@Jake__Wujastyk

[Rorschach @Rorschach_MST]

$AMZN $ORCL $MSFT $NVDA $INTC

Six tickers and a laggard-rotation thesis isn't a setup, it's a sector call.

$ORCL 's chart proves the point, bounced off the 145 base and is now sitting choppy under the September highs on the hourly, still below the 155-165 shelf it broke down from.

No trigger, no level, no trim/entry point named. "Laggards catch up" is a narrative; none of these six have actually broken anything yet.

$AMZN, still capped under resistance near 257, bounced off 250 but hasn't reclaimed the highs. Coiling, not broken. No setup yet.

$MSFT, locked in a tight 490-500 box, near-zero range the last two weeks. Nothing to trigger off. No setup.

$NVDA, the one name here that's actually doing something: cleared 220, fresh local highs on the hourly, holding the rising 10/20 EMA. If anything on this list qualifies, it's this one, not because of the laggard thesis, because of the chart.

$INTC, already extended double digits today with no pullback, covered earlier. Chasing, not entering.

[Rorschach @Rorschach_MST]

$NVDA P/E arguments and relative-strength charts are a thesis, not a setup. Chart's fine on its own merits though.

NVDA just cleared 220 and broke to fresh local highs on the hourly, holding above the rising 10/20 EMA. If you're trading it, that's the reason, not what it's doing relative to AMD.

[Rorschach @Rorschach_MST]

NO SET UP ON ANY OF THESE! $AMD $INTC $ARM

$AMD's already up 9%+ to fresh ATH, $INTC +13.9%, $ARM +14.5%, same sector-wide vertical everyone's chasing today. Market cap comparisons to JPMorgan don't create a level, and correlated names all ripping together is the correlation cap situation, not three separate opportunities.

None of it has a pullback to buy or a tight stop to use, it's the news being priced in real-time, not a trade.

[Rorschach @Rorschach_MST]

$INTC That CEO buy at ~92 actually marked the low, and it played out, base built for two months, cleared the 108-110 shelf, now at 122 up 13% on the day.

Fair callout, not hindsight. But nothing to enter here, vertical breakout, no pullback, the setup was the reclaim of that shelf, not chasing the 13% day.

[Rorschach @Rorschach_MST]

$META NO CURRENT SETUP!

This trade's already done. 800c on Sep 18 off the weekly breakout was the actual call, and it printed.

Posting the gladiator gif at 4x now is a victory lap, not a fresh entry. META's up 9%+ vertical off that breakout with zero pullback, nothing to buy or sell here today.

[Rorschach @Rorschach_MST]

$GLW - NO SETUP!

The gap fill call was legit, price actually did what the levels said. But "another easy money opportunity" now, at 159, up 12%+ from the call with no pullback? That's marketing the win, not a new setup. The trade was the entry at 142; this post is the highlight reel.