Category: Daily 2024
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AMD Intraday, Down Market, Rate Announcement on Wednesday, Jan 31, 2024
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. AMD 15 Minute Chart Earnings dip overnight. Price far from 200 SMA. Price bounced to…
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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 a magnet. Low was a measured move from the intraday high to overnight low. AMD…
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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 200 SMA if 200 SMA is going up. AMD, MSFT. Gapping dividend stocks, upward 200…
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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 the stock broke a major price downward. More layoffs but bigger GDP. Dying middle class…
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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 not caring about prices. DOW closes red but the others are slightly green. Magnificent 7…
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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 AMD. The Market The market is at all time highs but is resting a bit…
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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 73% ATR. Notable drop in ATR from the 10’s for many months to now below…
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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 day low and previous day close. Initial move was down, albeit chopily. Bounced all the…
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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 night range. Early downward direction with 3 pushes. Downward ended at a bounce at the…
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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 only broke upward, and never went below night range. Big green candle in the first…