redwingcoach

redwingcoach

Do not adjust your eyes or screen. There are no parts of this chart missing. Either FDX management is horrifyingly poor at guidance or the analysts that follow this one are really poor at their jobs. No matter, this hopefully won't last long enough for me to worry about whoever is incompetent at their job. Full disclosure: I am not personally trading this. ...

redwingcoach Updated 

APD (not to be confused with ADP) is in the midst of a pullback in a strong uptrend. The white lines mark 6 month highs and lows, and the 6 month Trend Strength Indicator is at .88 (0-1 scale) and has been in that vicinity since August. It's also a top 20 (top 3%) big cap composite score stock for me, reflecting a robust backtest history (almost 1900 trades...

redwingcoach Updated 

The title kind of said it all here. Since I'm underexposed in this area and everything else that's decent and on sale today is in areas I already have exposure to, I'm taking a quick flip shot here. It's already pulled back 16% from its most recent high, so I like my odds here. Historically, the algo I use for buy signals is 251-4 on SNAP with an average gain...

redwingcoach Updated 

I feel icky and dirty doing this because I hate everything about meme stocks. But the truth is, it is the best chart available right now. Everything else that is on sale according to my algo either has a chart that looks like the inside of a dirty diaper, has too little liquidity, or it's in an area I'm already exposed / overexposed to (shipping is on sale...

redwingcoach Updated 

I haven't traded NASDAQ:PLTR that much this year but when I have, it's been a very good stock to trade. It's obviously been on an epic run and a buy and holder would have made tons on this one this year. That's not my game, though. Quick flips are what I do and this year, my algo's signals were 20-0 with an average gain of 2.7% and an average holding period...

redwingcoach Updated 

-FTNT is solidly in 12M, 6M and 3M uptrends. -It bounced nicely today off of near term support and its regression channel bottom. -It has been an excellent trade for me using my algo + FPC exit. Historically, (including backtesting) its W/L is 340-2* (the 2 are the last 2 days) though I didn't trade it yesterday. I'm already regretting not buying a double lot...

redwingcoach Updated 

NVDA is still the leader in AI chips. AI is not going away. For me, the rest is just noise. Chart-wise: -It bounced off its closest support level (and has lots more support below that), closing near the highs of the day along with the market overall. -It's still within its uptrending regression channel. -4 down days is a routinely profitable short term...

redwingcoach Updated 

PANW is in the midst of a long overdue breather in a year long uptrend and after its rocket run from August through early December when it gained over 35%. Its correction may not be over yet, though I don't think it will drop much below 165 near term unless the whole market sells off. I'm just in for a quick buck so it all doesn't matter much to me anyway. 4...

redwingcoach Updated 

MA has been an excellent stock to trade with my system, producing one of the highest returns per day held of any megacap stock at .23%/day held (58% annualized) spanning over 400 real and backtested trades. The average holding period is 7 days and the max lots held at any time in the last 17 years would have been 10. It tends to pay off well and pay off...

redwingcoach Updated 

Like most of my trades, this is designed to be a quick flip. It doesn't always work that way, but it has (to this point) always been profitable - literally 100% of the time with $IREN. 15 of the last 17 trade signals on IREN have been profitable in one day, and the two that weren't were profitable in two and 7 trading days, respectively. Per my usual strategy,...

redwingcoach Updated 

Algo vs. head and shoulders smackdown -- who's gonna win? (said in my most bobastic sounding voice) To be honest, both COULD be right. I can win short term and the breakdown could be real. Uptrend line from the May low is still intact and I always listen to my algo on the miners because the wins are usually fat compared to others, plus it has already...

redwingcoach Updated 

Uptrend is still intact and my algo says "buy" so that's what I'm gonna do. It hasn't let me down yet with IREN. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my...

redwingcoach Updated 

The world is not ending (yet). NASDAQ:NVDA is down a little over 12% since the beginning of November and everyone acts like it didn't have drops of 20+% in August/Sept and 25ish% in July. Normal state of affairs for NASDAQ:NVDA , so I'm a buyer here. Beware, though. While my algo is historically undefeated on NVDA, it has also gotten me into FAST, APD, CR...

redwingcoach Updated 

I went long NASDAQ:CLSK again - at 12.3175 at the close today. Since this summer when I started posting ideas, I've made 5 trades in NASDAQ:CLSK and made an average of almost 13% per trade and those 5 trades averaged under 3 days in length (all verified in ideas I've posted here). The miners are such a gold mine when it comes to how I trade. One of the...

redwingcoach Updated 

Its trading history goes back to the late 1980s (it was Symantec back then), and that history has been a stellar one as far as my trading system goes. Over 1000 trades with a low max drawdown, an average turnaround time of 11 trading days and an average gain of about 2.5% per trade puts it just outside my top 30 large cap names regarding its composite...

redwingcoach Updated 

I don't care what your trading strategy is. In the end, if you're going to be successful at trading, it's about putting the odds in your favor. In my case, I like to put the odds WAYYYYYY in my favor. NASDAQ:FAST is one of my top stocks. Out of over 1,000 trades going back to the month before Black Monday in 1987, it has only produced 3 "losing" trades, and...

redwingcoach Updated 

Today, a firm sent out a notice that they are short IREN so I'm going long. Their track record suggests going long when they say go short is a potentially very profitable short term strategy. They are often correct long-term, but sometimes a short wouldn't survive a margin call and short-term a contrarian long play can often yield 30-500% Some of their recent...

redwingcoach Updated 

I am on record more than once here saying that I don’t like trading stocks without long trading histories. I stand by that “rule” but on this occasion, I’m going to break it. That lovely uptrend is only part of the reason why. NYSE:CR has only been publicly traded since the spring of 2023. It has produced some of the best results in the entire spectrum of...