Talking Technicals -- December 10th
I’ve reviewed 250+ charts over the past 24 hours and the ones below are some of my favorites. I also included some stocks from my LT investment portfolio (ie CELH, CROX, DDOG, DOCN, FOUR, GLBE, LNTH, MELI, META, SWAV, TH, TMDX, TSLA, XPOF) and my ST trading portfolio (ie AMKR, ARRY, CLFD, DXCM, ISRG, MTSI, ON, SE, SMCI). I also added the major indexes that most of us track SPY, QQQ, IWM, IWO,
I think what I’m going to do on the weekends is provide a larger assortment of charts so everyone can scroll through and pick out their favorite setups going into the new week. Then during the week I’ll probably send out my 10-12 favorite setups each night or in the morning so you can see which stocks I might be adding to my trading portfolio. FWIW, my trading portfolio is typically 0-12 stocks versus my investment portfolio which is typically 20-30 stocks.
If you want to see my specific trades during the day and my current portfolio you’re welcome to join my Stocktwits room [click here].
Please keep in mind that we get the November CPI report on Tuesday morning and the next FOMC meeting on Wednesday afternoon so the next few days in the markets could be very volatile and many of the setups in the charts below will change dramatically based on the CPI number so please manage your risks and position sizes accordingly.
FWIW, I’m 92% invested in my investment portfolio and 37% invested in my trading portfolio.
PS: my next deep dive writeup will be out tomorrow night or early in the week, it will probably be our best/longest writeup to date :)
Here are all the charts in alphabetical order which makes it easier to scroll through:
A
AEHR
AMAT
AMKR
AMZN
ARRY
AXP
AXSM
BBWI
BERY
BURL
BX
CELH
CLFD
CPRI
CRM
CROX
CURE
DDOG
DIS
DOCN
DXCM
ELF
FOUR
GILD
GLBE
GS
HALO
ISRG
IWM
IWO
LNTH
MELI
META
MTSI
OKTA
ON
PD
PODD
QQQ
SANM
SE
SEDG
SGEN
SKX
SMCI
SMRT
SNCY
SPGI
SPOT
SPY
SRI
STAA
STLD
STM
STT
SUMO
SWAV
SWKS
TEAM
TECK
TENB
TH
TJX
TMDX
TSLA
ULTA
WBA
WK
XPOF
ZTS
A
Has been consolidating for the past few weeks, bouncing off support, 10d EMA and VWAPs. I’d get interested on a breakout through DTL and $157.50
AEHR
Has been a strong stock for many months, pulled back and bounced off 23d EMA on Friday, I’d be interested on another bounce of 23d EMA and breakout through DTL
AMAT
Has been consolidating for a several weeks, rejected at the DTL on Friday, I’d get interested on a breakout with SL below 10d EMA
AMKR
I got into AMKR on Friday when it looked ready to breakout but then faded in the afternoon with the rest of the market, my SL is just below the lows from last week.
AMZN
AMZN is a new position for me (investment portfolio) in the past couple months, when you look at this monthly candle chart it’s quite shocking, AMZN is just above the 100 month SMA which it has not touched since 2008. I’m not sure what I’d do if AMZN closes below the 100m SMA, part of me would want to trim my position and part of me would want to buy more.
ARRY
ARRY was a very strong name off the October lows but has pulled back, I started a position in this stock a couple days ago when it bounced off support and reclaimed the 23d EMA — my SL is below the support line and 23d EMA