Trading the Charts for Tuesday, November 28th
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Here are my deep dive newsletters…
Commentary…
I’m going to keep this short because I spent so much time on my morning screens & scans plus putting the watchlist together with charts.
Lots of breakouts all over the place, trying to catch all of them is impossible and it would lead to too much exposure. Yesterday I did catch a bunch of them but I’m still being aggressive with my stops and willing to take 2-3% gains if needed to avoid any reversals. I’m typically moving my stops above my entry price as quickly as possible to keep win rate higher and losses at a minimum. I don’t might taking profits on failed breakouts then waiting for that stock to consolidate and reset with a new setup at the 5d or a new breakout. I love recycling the same stocks over and over again. For instance yesterday I bought PLTR when it bounced off the 20d sma then sold it midday for a 2.3% gain, today I’m happy to do the same thing if I get a similar bounce. Futures are in the red but 10Y is still around 4.4% so we could see some better price auction after the open. I don’t really care what the indexes are doing (assuming they’re not crashing) because I’m just focused on my watchlist stocks.
As always… my watchlists, daily charts and current trading portfolio are below the paywall down below… [subscribe here] to become a paid subscriber and get full access.
Equity futures…
Indexes from yesterday…
Sectors from yesterday…
Rates…
New highs vs new lows…
Market performance…
$TNX
$VIX
$CL1!
$SPX
SPY
RSP
QQQ
QQQE
IWM
IWO
ARKK
Deepvue screen #1: ABNB AER AMD ANET APG APO ASAN ATI AVGO AXP BAC BK BN BRBR BRZE BXSL C CADE CCJ CCL CNM CNQ CRWD CUK CWAN CXM DASH DDOG DKNG DRS DT DUOL DV EC ELF ENLC ENTG EQH ET EWBC EXPE FNB FRO FRSH FSK FTAI GTLB H HALO HLT HSBC HST IMGN IOT ITCI ITUB JPM KBH LEN LI LNG LULU LYV MAR MCHP MDB MELI MMYT MNDY MPC MRVL MUFG NBIX NET NFE NOW NTRA NU OKE OWL PAA PANW PBA PBR PBR.A PCAR PDD PLTR PSTG PSX PWR PXD RCL RITM RMBS RYAAY S SGEN SHEL SHOP SMCI SMFG SNOW SNPS SO SPGI SPLK STLD STNE STWD SUZ SWN SYM TD TIMB TRGP TS TSM TTE TTWO TWLO UBER VRNS WAL WBS WDAY WELL WING YMM YPF ZS ZWS
Criteria: price above $5, market cap above $4 billion, above 50d sma, above 200d sma, average volume above 500k, YoY sales growth above 20%
Finviz screen #1: ACGL AFRM AJG ANET APO APP ARCC ASAN ASML BAC BBIO BBVA BIRK BK BRBR BRZE BXSL BZ CADE CCJ CCL COF CRWD CWAN DASH DB DDOG DKNG DT DUOL DV DXCM EDU ELF EQH EWBC FITB FLS FMX FRO FTAI GEN GS GTLB IMGN ING IOT ITCI ITUB JPM KEY KGC KKR LI LLY LYV MDB META MMYT MNDY MUFG NBIX NET NOW NTNX NTRA NU NVDA NVO OBDC OSK OTEX OZK PANW PCAR PDD PGR PNC POST PSN PWR RBLX RCL RITM S SGEN SHOP SMFG SN SNOW STNE STWD SYM TAL TREX UBS UBSI URI USB VOYA WAB WAL WBS WFC WING XP XYL ZION ZS
Criteria: price above $5, market cap above $1B, above 50d sma, above 200d sma, average volume above 400k, QoQ sales growth above 15%
Below the paywall are my watchlist, daily charts and current trading portfolio including all positions (open & closed), entry prices, stop losses, YTD performance and links to my daily webcasts.