At the beginning of this week, there has been some confusion over whether the stimulus bill would be passed and what that could mean for the market. But Sami says that he wouldn’t be too bearish this week. In this video, Sami explains: – What would cause him to become bearish in January – How […]
Continue Reading -->I’m often asked if one can use the Square of 9 Wheel to day trade. The following walk through on BLNK from last week answers the question. Last week Hit & Run members hit pay dirt in BLNK… thanks to the Square of 9 Wheel. Early on Dec 22 with BLNK clearing 40, I noted on the […]
Continue Reading -->The “The angels beating all their wings in time Smiles on their faces and a gleam right in their eyes Whoa, thought I heard one sigh for you.” – The Rolling Stones, Shine A Light “It takes patience, discipline and courage to follow the ‘contrarian’ route to investment success: to buy when others are despondently […]
Continue Reading -->The following daily BLNK shows a 6 day vertical liftoff after it came out of a Cup & Handle in November. BLNK carved out another Cup & Handle while walking off its overbought condition in December. We flagged BLNK’s Cheetah (Cheater) buy setup on the Hit & Run private Twitter feed. A Cheetah setup occurs from a […]
Continue Reading -->The following daily chart of hot IPO MAXN shows how it walked off its IPO excitement, carving out a Cup & Handle. Hit & Run members were triggered long at 28.15 on Friday, December 18 as MAXN came out. Notice that after MAXN came out, it pulled back to the backtest the breakout point and traced out […]
Continue Reading -->Our Hit & Run Nightly Stock Report for the weekend used biotech EDIT as a long idea. The following daily EDIT shows it was consolidating in a Pennant formation after exploding from a Rule of 4 Breakout in late November. There’s an old market maxim, the bigger the base, the higher the space. So the presumption was […]
Continue Reading -->“Monday, Monday you can’t trust that day.” – Mamas & Papas Needless to say, support just barely held on Monday. The support I’m referring to is key — the circled 3 Day Chart low at 3633.40 SPX from December 11. Monday’s low was 3636.48. This shows in two ways how markets play out in threes: 1) It […]
Continue Reading -->It’s a holiday-shortened week and a very light scheduled news week. Only a couple of names will be reporting as the year winds down.
Continue Reading -->This morning the market is getting hit, the dollar is strong and the precious metals miners are rallying. Bulllllllish. GDXJ gapped up over its 50 day line on Thursday and pulled back on Friday, turning its Daily Swing Chart down. Pre-market it is rallying, and if it extends today, closing strongly, it will be conspicuously bullish. […]
Continue Reading -->Throughout December we’ve targeted a critical level of 685-695 on TSLA. We reiterated the call on Friday on the Hit & Run private Twitter feed. TSLA exploded above 408 and its 50 day line on November 17, projecting to 685-695. 408 is where TSLA closed on November 16, so I’m measuring from an impulse to get […]
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