With the Automobiles group moving back to the top of the RS rankings, it's a good time to be looking at the secondary stocks in the group for potential Stage 2 moves.
$XPEV is building its primary Stage 1 base since the IPO and is in position for a potential Stage 2A breakout attempt. Earnings are coming up on the 11/11/2021
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
FUBO from the watchlist potentially in Phase D of the base structure
$DDD from the watchlist back through its 200 day MA in its eight month base structure
Earnings 11/8/2021 (AMC)
$BILI on the road to recovery with its first pullback to the 50 day MA and rebound since breaking back above in October. Starting to develop a base structure with contraction in volatility.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Note the Large Player Effective Volume increased significantly yesterday in the $IWM
$PATH coming back into focus in the watchlist after Septembers gap down. I am noticing a large accumulation from that point as it's drifting down into the 50 area. So potential early stages of a base developing as the institutions do their due diligence.
Bullish sentiment seems high after the strong October rally and now the breakout in small caps. So I'm going to do the hard thing and take some profits in the pension account today into the strength to book some gains, and considering trimming some in the short term accounts too.
Trimmed 2/3 of the $ASAN position for a 64.66% gain on the partial which takes ASAN back down to an 8% position size in the short term account now.
Exited the full position in $NVDA in my pension account at 261, which after fees was +68.99% on the original position and +32.40% on the add on entry, and secures a +10.8% account gain for the pension account.
Exited $TSLA in my pension account at 1191, which after fees was a +93.09% gain and secures a +11.66% account gain for the pension account.
The recent sales in $BKKT, $TSLA and $NVDA in the pension account means that it's now only 55% invested. So considering reinvesting the 45% cash into an index etf $QQQ maybe on the next significant pullback to remain fully invested into year end, while I'm considering my next pos
$PYPL off of most peoples radar as it is in Stage 4, but still within the broader range and shortening of the thrust on heavy volume on each recent down week (Effort vs Result)
Earnings approaching, so will be pivotal point. Will it Spring or Breakdown further.
$ME from the watchlist with potential for a continuation attempt
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
