dpuleo19

dpuleo19

Whenever I find two stocks acting well I always want to buy the best but, how to know this? Both are forming a shark pattern in the weekly chart, and both are from the same industry, semiconductors. So how to choose? For me, a simple ratio will do it. It will show which one is outperforming the other. In this case NYSE:STM is being buyed more aggressively...

dpuleo19

Immunocore Holdings is a commercial-stage T cell receptor biotechnology company working to develop and commercialize transformative medicines for oncology, infectious diseases and autoimmune and inflammation diseases. In a confirmed uptrend, yesterday signaled a good pivot buy where I placed an initial position. I liked the volatility contraction pattern and...

dpuleo19

NASDAQ:IBKR may be one of the leaders of this sector. Back in February of 2022, the relative strength ration with AMEX:XLF showed a bullish divergence against the stock's price; soon after, the stock bottomed and since has rallied +50%. The $80 level is key and the price has formed a shark pattern near it. As the stock is in an uptrend, I'll wait for the...

dpuleo19 Updated 

Metals have been performing pretty good, AMEX:DBB is up +21% in the last 6 months and above its 200-day MA The copper ETF, AMEX:CPER is up +12% in the last month and breaking out from resistance. Could AMEX:SLV follow up? and after silver could AMEX:IAU ? I'll wait for the breakout above $22.50 with target at $26.

dpuleo19

Who else is waiting for this breakout to happen? If it does, a good target would be $125 and I like the odds. Just look at NYSE:SLB , NYSE:RIG & NYSE:HAL , they have already broke out from there bases. Look for other stocks within this ETF and you will find good set ups. I'm doing it. NYSE:WHD & NYSE:NOV are near pivot points.

dpuleo19 Updated 

Since late 2021 NASDAQ:MEDP is being forming a head & shoulders base with pivot buy above $230. This is the beahvior of a potential leader. It shows when comparing it against the AMEX:IWO as is still in a downtrend. The play for me would be to buy 1/2 or 1/3 of a position just above yesterday's high with a STOP-LOSS below $196. And then add at the $230...

dpuleo19 Updated 

According to TA rules, the ratio has completed the pattern with a Complex Right Shoulder (two peaks). Those these means that the SP:SPX should breakout from that downward trendline? I don't know, but probably. Or those it means that energy stocks should finally follow oil prices? Maybe, it is what normally had happend. What I'm seeing is more stocks going up,...

dpuleo19 Updated 

I don't know if I even have to explain this chart. Is just too easy to see. The number of SP:SPX stocks above its 200-day MA confirmes a bear market when crosses below 50, and confirms a bull market when crosses above the same level and stays there. It has happened for the last 3 bear markets. Also, is good to point out that is better to use it for bottoms...

dpuleo19 Updated 

Or tighten stops. At least that is what I did with NYSE:DINO and it looks like I was right. This stock was one of the first #oil stocks to breakout to new highs after the June correction, that's why I bought it. Now it seems like is also the first to break below support levels. I´ll be watching the other #oil stocks. Always manage risk! Never average down!

dpuleo19

NASDAQ:PODD & NASDAQ:DXCM are leading the sectors recovery. Both are in the Medical Products Industry for diabetes. Insulent (PODD) normally outperforms DexCom (DXCM) during and after a correction. Then, when they are in sustained uptrends, DXCM outperforms. For the recent correction, PODD has a -45% deep base while DXCM has a -58%. PODD bottmed 4 weeks...

dpuleo19 Updated 

Hi again, I see that you are back near buy point. I'll buy if the price breaks above this range at $31.50 and add more once breaks to a new all time high at $34. The stock highly volatile, so I suggest starting with small positions and/or staggered stops.

dpuleo19

A good leading indicator is comparing the Russel 2000 against the S&P 500. For the last 6 years, every time the market bottoms its been with small cap stocks outperforming the general market. And RUSSELL:RUT has been outperforming the SP:SPX since January Just another thing to keep an eye on.

dpuleo19

NYSE:PSTG in the data storage industry breaking out from a fisrt base after it bottom. NASDAQ:SPSC in the computer software industry, specifically in supply chain solutions, breaking out from a fisrt base after the bottom. Both are 1st in their IBD Industry Rank. PSTG made a cup that could fuel a good move, and SPSC has its next resistance +25% away. Which...

dpuleo19

These 3 stocks look like leaders, and all are making the same patter. The play is simple, wait for a throwback from the gap and then buy the close above the high. The thing is that as they are all real moovers, I'd try staggering stops. Is the best way I know to manage risk in stocks with hihg volatility. NASDAQ:WING is the first to breakout but with a doji...

dpuleo19 Updated 

Constellation Energy provides power, natural gas, renewable energy, and energy management products and services. They are the largest producer of carbon-free and low-emissions energy in the US. NASDAQ:CEG is in a clear uptrend with great relative strength against its benchmarks. Just look at AMEX:XLE and NASDAQ:QCLN . NASDAQ:CEG is clearly leading. I see...

dpuleo19 Updated 

Bitcoin and Ethereum are ones of the assets that haven't undercut its June lows. In the daily chart of Bitcoin is above its 50-day MA and I see a pivot buy at $21,350. But, when I zoom in at the 4-hour chart, I can see a good volatility contraction with a pivot buy at $20,700. Remeber that crypto never closes so 4-hour charts is the equivalent of a daily chart...

dpuleo19

Adtalem Global Education is a leading healthcare educator that partners with organizations to address workforce needs and empower career development across the medical and healthcare industries. I've been watching this stock for a while and finally is signaling an actionable pivot buy. Price is close to its 50-day MA which can act as a good support level. I'd...

dpuleo19 Updated 

Doubleverify Hldgs Inc help brands improve the effectiveness of their online advertising. I bought half a position and so far the price hasn't under cut its support at $25, just were my stop is. For me this is a really good sign, considering what the SP:SPX is doing. The bad thing is that the OBV and ROC is signaling a bearish divergence. If I had full...