UnknownUnicorn16739272

UnknownUnicorn16739272

LEN was down today but I saw buying in SMAs today. Checked volume and it was up. Still closed red but has a hammer. Will be on watch tomorrow for reversal.

UnknownUnicorn16739272

FITB has been building momentum back up. Bank stocks look like they could in early stages of a rally with rising interest rates over next few years. Will see but these companies are leaner and stronger than ever. Would not be surprised to see a small pull back before surpassing this resistance.

UnknownUnicorn16739272

I enjoy watching a stocks RSI get stronger as the price maintains a good range. Meaning its being accumulated. This also has a buy rating at many firms including mine. I have been adding it for clients over the last couple months and will continue to.

UnknownUnicorn16739272

Rocket has been a disappointment except for roughly 10 days since its IPO. There were more good times but it has had a very hard time gaining and keeping momentum. This RSI on the 1 hour though has me intrigued. Disclosure I bought 12/17 $22c for $0.51 because I was bored and it looks fun. Plenty of time on it and did not buy much. This is for me not my clients.

UnknownUnicorn16739272

CMCSA retested the breakout today. Not a fast mover by any means but a solid company with solid growth for years.

UnknownUnicorn16739272

SPRT hit the backfill area but it isn't oversold yet. Will it bounce or keep falling? I will wait to see what follow through is tomorrow. Could play a swing with a tight stop but will be very careful.

UnknownUnicorn16739272

Sam Adams had a terrible quarter recently and saw their stock drop steeply. Now sitting below $600. Huge gap to back fill and RSI looks to be getting stronger as stock has dropped. Noticed one of my SMA accounts had bought this morning. Could be a great long term follow. Risk is still on how well they will do going forward. Reminds me of TAP and BUD when seltzers...

UnknownUnicorn16739272

She should continue to fall to fill this gap. The question will be whether she bounces or whether she is out of steam? We shall see.

UnknownUnicorn16739272

MO has silently broken out and is showing some nice strength. Lets see if the administration can kill it again with the menthol ban.

UnknownUnicorn16739272

IWM has lagged the rest of the indexes. It has yet to break out. Using last years movement size during the "santa claus rally" or whatever you want to call it, we could look like this. I still want a correction so I can put more cash to work, but this would be nice as well. Good luck bulls.

UnknownUnicorn16739272

AMC at trendline. Will she push through? This has been fun to watch. For all the #AMCAPES, I hope for your sake, she does.

UnknownUnicorn16739272

Not a pretty RSI but then again it doesn't need a massive pull back either. Strength on vaccine news could continue this higher but it is worth watching close.

UnknownUnicorn16739272

There was no need to retest the breakout apparently. Without negative news, this should continue.

UnknownUnicorn16739272

I like the bounce off the 200EMA and its showing strength. Assuming the rest of the markets cooperate and no crazy covid headlines, it could work its way back to the resistance trend. At that point, if it breaks through, I know a lot of IWM bears who will lose their minds!! Good luck to you all.

UnknownUnicorn16739272

This trading range will probably stay for a while $30k-50K. Still not available to non accredited investors but when it gets more readily available, it could be big. But this range could also stay for next couple years without a catalyst for breakout. Would be interesting to see if it increases when $SPY and $QQQ fall. That could make it a nice safe haven...

UnknownUnicorn16739272

QQQ does need a breather. I don't think an alarm bell needs to be sounded...yet. RSI is bearish territory and could easily get to oversold territory near previous breakout line. Lots of support that would need to be broken. Next few weeks are usually slow. Sell side pain is always worse. Stay strong :)

UnknownUnicorn16739272

Great looking chart here with a nice bounce off 200 EMA. Several analyst have them rated buy/strong buy with PTs in the $350+ range. Deliveries should continue with concerns over delta variant. This cooling off period looks like a nice entry point.

UnknownUnicorn16739272

I have no position for myself or clients. I enjoy this chart because it reminds me of a dinosaur - hence the happy face to hopefully make you smile. It also looks close to pushing higher if it can sustain this rally. Good luck to you AMC Apes.