The only way to survive is to manage risk and lose well. Otherwise disaster awaits.
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Market opened down. Major earnings announcements all getting punished. Fed announces rates to stay. Market stayed red. Indexes down more than usual. AMD Daily Chart Open down in lower range of 7 market days back. Green bar. Channel breaks down.…
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AMD Intraday, Upward Market on Monday, Jan 29, 2024
Market shot higher a little over an hour before the market closed. AMD Daily Chart Red bar but rejection of low in upward channel. AMD 15 Minute Chart Low intraday range, chopping VWAP. Initial shot down but overnight range was…
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Flat Upward Market, Watching AMD, AXP, MSFT, TSLA, on Friday, Jan 26, 2024
Inflation indicator had a good reading. Tech layoffs continue. AXP gave good guidance. AMD bounced up from an overnight pullback. AMD and MSFT showed support on the 15-minute 200 SMA. TSLA still weak. Strategy Long only. Buy under the 15-minute…
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AMD, Upward Channel, IBM Does AI Now, TSLA Eats It, on Thursday, Jan 25, 2024
IBM joined the AI hype club. $175 to $200. TSLA got wrecked by a bad earnings call. EV outlook is faltering. I traded a morning pop. Getting pushed away from this one since I’m only long in this market, and…
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Market Hits A New High and Fades to Break Even, on Wednesday, Jan 24, 2024
The market opened to a new high but spent the last half of the day fading until the percent change was basically even. AMD beats TSLA volume and goes up almost 6%. NFLX makes a 10% upward move on subscribers…
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AMD Intraday Price Action, Relaxing From Prior Day High, on Monday, Jan 22, 2024
Since my last post a week ago, it appears AMD has taken the crown from TSLA for the highest volume with the best ATR. TSLA continues downward. Unfortunately my bias is long. Given the circumstances, I will switch to covering…
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TSLA Intraday Price Action, Break Down Below the 200 SMA on Bad CPI on Thu, Jan 11, 2024
Backdrop Market was slightly positive. Bad inflation reading sent stocks down early. Bitcoin ETFs are born. Daily Chart Red candle breaking prior lows, touching lower range of prices from October. Now below the 200 SMA. Day range was modest at…
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TSLA Intraday Price Action, Consolidation on Wed, Jan 10, 2024
Backdrop Market was slightly positive. Daily Chart Red candle at the bottom of the range from November. Just above the 200 SMA. Day range was tight at just above 50% ATR. 3-Minute Chart Price ranged all day between the previous…
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TSLA Intraday Price Action, Prior Day Rejection on Tue, Jan 9, 2024
Backdrop Market starts down and runs up to break even. Lower volume. Daily Chart Red candle that rejected the prior green candle. Day range was average. 3-Minute Chart Night range low was 50% level of prior day. Early break below…
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TSLA Intraday Upward Price Action, Market Up, Low Volume on Mon, Jan 8, 2024
Backdrop Up day for the market. Lower volume. Articles trying to paint Elon as a drug addict. Daily Chart Even though range was below ATR, it was a definite green candle on the daily. 3-Minute Chart Early ranging, but price…