Trading charts for Monday, February 6th

Feb 06, 2023

Good morning and Happy Monday,

Hope everyone had a nice weekend. We finally saw some red on Friday after the much hotter than expected jobs report. Lots of FOMC officials speaking this week so I’m thinking they’ll sound a little hawkish and won’t be talking about a pause on the rate hikes. The next FOMC meeting is early March when we’ll probably get another 25 bps unless CPI comes in hot this month (Feb 14th at 8:30am) in which case 50 bps might be back on the table. For now the real debate is whether the next rate hike will be the last for this year.

The recording from Feb. 6th morning “live” charts session: https://us06web.zoom.us/rec/share/LfBzUij295Cisc78DG_8KzTyZJ_6g1CLla0-mFNP7luREMPL86cK7nC44K1EJA8r.Z96vRwJCDHWBNcDp

10:30am EST: https://us06web.zoom.us/j/81854056970

3:00pm EST: https://us06web.zoom.us/j/87967535390

Current portfolio [click here]:

AEHR
ALNY (2/23)
CD
CECO
COTY (2/8)
LAC
LNTH
MEDP (2/13)
ONON
SHC (2/28)
SNCY
SQ (2/23)
TIGO
WYNN (2/8)

Current watchlist [click here]:

AKRO
AME
BOWL
CCRN
CLS
CMC
DAKT
EOLS
EXAS
EXTR
HALO
HIMS
HLN
IDXX
IMCR
OB
OLN
RADI
RNA
SHAK
SHOP
SMAR
TTMI
VEEV
WBD
WBX
XRAY
YETI

AKRO — https://share.trendspider.com/chart/AKRO/19074sqmmpa

I’m interested in AKRO on a DTL breakout

AME — https://share.trendspider.com/chart/AME/19074sqp1uq

I’m interested in AME on a breakout above 147.00

BOWL — https://share.trendspider.com/chart/BOWL/19074sqq8fy

I’m interested in BOWL on the DTL breakout

CCRN — https://share.trendspider.com/chart/CCRN/19074sqr4cs

I’m interested in CCRN on the DTL breakout

CLS — https://share.trendspider.com/chart/CLS/19074sqs2r0

I’m interested in CLS on the DTL breakout or bounce off 8/9/10d ema

CMC — https://share.trendspider.com/chart/CMC/19074sqt329

I’m interested in CMC on a breakout through 56.65 and then I’d add to my position above 58.20

DAKT — https://share.trendspider.com/chart/DAKT/19074squx00

I’m interested in DAKT above 4.35

EOLS — https://share.trendspider.com/chart/EOLS/19074sqvx4t

I’m interested in EOLS above the 23d ema with tight SL below 23d ema

EXAS — https://share.trendspider.com/chart/EXAS/19074sqx0gh

I’m interested in EXAS at the 9/10d ema with SL below 10d ema

EXTR — https://share.trendspider.com/chart/EXTR/19074sqy44w

This is a weaker DTL breakout situation because of possible resistance at 19.88 but it’s still worth watching

HALO — https://share.trendspider.com/chart/HALO/19074sqz93b

I’m interested in HALO on a DTL breakout, preferably above 53.50

HIMS — https://share.trendspider.com/chart/HIMS/19074sr0mg6

I’m interested in HIMS at the 8/9/10d ema with SL below 10d sma

HLN — https://share.trendspider.com/chart/HLN/19074sro1jt

I’m interested in HLN on DTL breakout through 8.15

IDXX — https://share.trendspider.com/chart/IDXX/19074sr1mhp

I’m interested in IDXX above the 20d sma with SL below 20d sma

IMCR — https://share.trendspider.com/chart/IMCR/19074sr2joq

I’m interested in IMCR above 65.00

OB — https://share.trendspider.com/chart/OB/19074sr44v8

I’m interested in OB above 5.20

OLN — https://share.trendspider.com/chart/OLN/19074sr54cs

I’m interested in OLN on the DTL breakout or bounce off one of the ST moving averages with stop loss just below, ideally a bounce off 6/7 with SL below 8d ema