ChartSwingTrade's profile picture. Using Telechart Technicals and IBD Fundamentals to Find Fast-Moving Stocks

Chart Swing Trader

@ChartSwingTrade

Using Telechart Technicals and IBD Fundamentals to Find Fast-Moving Stocks

Getting nasty - thought we might have a chance to bounce a little over lunch but this rollover just shows how poor things are out there.


Bear market type action - supposedly good news can't even get a legitimate rally going. Everything just gets sold.


Not sure how you can see this action as anything but very bearish. Still no setups, weak bounces, big fade on supposed good news - feels like this correction has a ways to go overall.


Rather important day so it seems - if this gap is sold off and the NVDA earnings can't get things going on long side, this correction probably has a lot longer to run. Still not seeing any real setups - am seeing lots of names running into EMAs from below like NBIS, BE, HUT...


There are just no setups out there right now....none. And so many individual stocks are trading loose with such wild swings from day to day that it might be a while before good setups start showing up again.


$QURE is my biggest fear as a trader and why I rarely if ever hold bios overnight. That thing looked picture-perfect and now down a mere 73%. Yikes.


Big gap on third straight up day in most cases doesn't seem like a screaming buy signal to me - market not making things easy at all over past few weeks. Friday was just slow enough after the gap with a good bit of faders that being an aggressive bull wasn't exactly easy.


I mean when the head coach of a professional sports team is arrested for gambling, pretty safe to assume that the sport itself is both broken and outcomes are fixed??? Seems more and more NBA is rigged often for $$$ and Vegas.


It's been at least a week since I have found anything even remotely interesting in my EOD scans. This market sucks right now - total chop and not sure how indexes are still up based on a lot of the charts I see.


Maybe I'm missing something, but there just aren't any setups on long or short side here right now. So many charts are messy - nothing you can predict outcomes from.


Feels like a day where we drip lower further then a tweet out of nowhere spikes everything back up into this choppy range


Made a little just daytrading things earlier in week but today doesn't even seem like that's a good idea - what miserable chop...


As chopfests go, this past week has been a pretty damn impressive.


Hate the 24 hour trading and this morning is good example why - seeing a lot of stocks either bounce off their 20 day emas or undercut recent lows and rally back but it happened at 4 am. Those setups are really nice if you can catch them but can you trust them at 4 am? I can't


Hard not to get frustrated when three largest positions entering Friday (GEV ORCL AVGO) were all stopped out because of one tweet but now are all above Friday's highs. Not a whole lot anyone can do about it though.


Add AVGO to the list of names that I had decent position in (entered Wed) but was stopped out of (Friday obviously) right before some big news item was announced that gapped it up a huge amount without me.


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