Trading the Charts for Thursday, June 29th
I also run a Stocktwits room where I’m active throughout the day and also post about my investment portfolio which is up ~80.5% YTD thanks to big gains in CELH, LNTH, UBER, MELI, SDGR, ONON, TSLA, GLBE, SWAV, NU, FLNC, CFLT, DOCN and others.
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As you probably know I use Trendspider for all my charting and they’re currently running a massive July 4th sale which you can claim by clicking on the button below…
Good morning and Happy Thursday,
Overall the markets are coming off a decent day, I know the S&P finished in the red but most of my stocks were in the green and we saw a decent number of bounces and breakouts.
Equity futures looking decent…
Yields up slightly, the 10Y seems stuck between 3.7% and 3.8%…
SPY finding support yesterday at the 10d ema but still unable to get through the 10d sma
RSP bouncing off the 9d ema and then pushing through the 10d sma and VWAP from recent high (closing above both)
QQQ dipping below 10d ema, then pushing through the 10d sma and VWAP from recent high but unable to close above either of them.
QQQE bouncing off the 5/6d ema then pushing through the 10d sma, also above the VWAP from recent high (not pictured)
IWM coming off a decent day after a nice bounce off the 23d ema; then running into resistance at the 10d sma but closing near the highs of the day.
IWO with a nice bounce off the 21d ema; then pushing through the 10d sma and getting rejected at the VWAP from recent high
ARKK coming off a great day (I covered my short in the morning on that bounce off the 10d ema) and pushing through the 10d sma (where it got rejected previous day), strong close although faded slightly at end of day.
Below the paywall is my current trading portfolio and watchlist with charts, entry points, stop losses, etc. (PS: my investment portfolio is different and only available to my Stocktwits subscribers and my Substack deep dive subscribers)