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    The MIM Has Been Dominating the Sell Side

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 1 JUNE: ASX rises, led by rally in health stocks | Paladin bounces back | Surefire Resources’ drilling confirms extension of mineralisation at Yidby gold project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 1 JUNE: ASX to slip | Energy sector paces S&P 500 lower | Meet the gold explorer that thinks it can be the next Bellevue |

    Use AI-Driven Rally to Reposition For Worst Months

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 31 MAY: ASX hits two-month low as traders up bet for RBA rate rise | Vulcan Energy signs geothermal project agreement with car maker Stellantis |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 31 MAY: ASX to slide | Wall Street mixed, Tesla higher | UG2 resource upgrade positions Southern Palladium for a bright PGE future |

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 30 MAY: ASX falls, dragged lower by energy and REIT’s | Sayona Mining raises $200m to accelerate North American Lithium project | Felix Gold begins drilling in historic Fairbanks district of Alaska |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 30 MAY: ASX to slip | S&P 500 futures point to further gains | ASX-listed Micro-X made a crucial bomb disposal breakthrough |

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 1 JUNE: ASX rises, led by rally in health stocks | Paladin bounces back | Surefire Resources’ drilling confirms extension of mineralisation at Yidby gold project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 1 JUNE: ASX to slip | Energy sector paces S&P 500 lower | Meet the gold explorer that thinks it can be the next Bellevue |

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 31 MAY: ASX hits two-month low as traders up bet for RBA rate rise | Vulcan Energy signs geothermal project agreement with car maker Stellantis |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 31 MAY: ASX to slide | Wall Street mixed, Tesla higher | UG2 resource upgrade positions Southern Palladium for a bright PGE future |

    Cabrera Capital Daily Game Plan

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    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 30 MAY: ASX falls, dragged lower by energy and REIT’s | Sayona Mining raises $200m to accelerate North American Lithium project | Felix Gold begins drilling in historic Fairbanks district of Alaska |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

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    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    CME Loses Key Battle in Potentially Costly Trader Lawsuit

    24X5 Options Trading Begins Sunday, November 21

    ICE Notice

    ICE: Margin Rates Update for ICE Futures U.S. Oil Contracts

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    CME Group Globex Labor Day Holiday Schedule

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    AP: US COVID-19 cases rising again, doubling over three weeks

    CME Group – US Independence Day Holiday Schedule: July 2-6, 2021

  • Products
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    • Dow Jones
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    • Markets
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    • Russell 2000
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    • Twitter (TWTR:NYSE)
    • VIX

    The MIM Has Been Dominating the Sell Side

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 1 JUNE: ASX rises, led by rally in health stocks | Paladin bounces back | Surefire Resources’ drilling confirms extension of mineralisation at Yidby gold project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 1 JUNE: ASX to slip | Energy sector paces S&P 500 lower | Meet the gold explorer that thinks it can be the next Bellevue |

    Use AI-Driven Rally to Reposition For Worst Months

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 31 MAY: ASX hits two-month low as traders up bet for RBA rate rise | Vulcan Energy signs geothermal project agreement with car maker Stellantis |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 31 MAY: ASX to slide | Wall Street mixed, Tesla higher | UG2 resource upgrade positions Southern Palladium for a bright PGE future |

    Bulls Are in Control, But How Sustainable Is the Current Rally?

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 30 MAY: ASX falls, dragged lower by energy and REIT’s | Sayona Mining raises $200m to accelerate North American Lithium project | Felix Gold begins drilling in historic Fairbanks district of Alaska |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 30 MAY: ASX to slip | S&P 500 futures point to further gains | ASX-listed Micro-X made a crucial bomb disposal breakthrough |

    Trending Tags

    • FEEDID-6
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  • Charts
    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 1 JUNE: ASX rises, led by rally in health stocks | Paladin bounces back | Surefire Resources’ drilling confirms extension of mineralisation at Yidby gold project |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 1 JUNE: ASX to slip | Energy sector paces S&P 500 lower | Meet the gold explorer that thinks it can be the next Bellevue |

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 31 MAY: ASX hits two-month low as traders up bet for RBA rate rise | Vulcan Energy signs geothermal project agreement with car maker Stellantis |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 31 MAY: ASX to slide | Wall Street mixed, Tesla higher | UG2 resource upgrade positions Southern Palladium for a bright PGE future |

    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: ARVO WRAP 30 MAY: ASX falls, dragged lower by energy and REIT’s | Sayona Mining raises $200m to accelerate North American Lithium project | Felix Gold begins drilling in historic Fairbanks district of Alaska |

    PEAK MORNING WRAP 28 September: Tech Event… Who is the standout? | US Stocks Rally

    PEAK ASSET: MORNING WRAP 30 MAY: ASX to slip | S&P 500 futures point to further gains | ASX-listed Micro-X made a crucial bomb disposal breakthrough |

  • Commentary
    • All
    • Market Recap
    • MrTopStep

    The MIM Has Been Dominating the Sell Side

    Use AI-Driven Rally to Reposition For Worst Months

    Bulls Are in Control, But How Sustainable Is the Current Rally?

    Can We Get an Options Squeeze for “Fry-Day?”

    The Selloff Is Putting Us Back Into The Painful Range Trade

    A Few Individual Stock Trades Stand Out

    Like a Tractor in a Rainstorm, the S&P Is Stuck in the Mud

    ‘Thin to Win’ Is Today’s Theme

    3 Lessons From My Mistake. Opex & Powell Are on Tap!

  • Education
    • All
    • Economics
    • Trading Methods
    • Trading Psychology
    • Trading Room
    • Trading Rules
    • Webinars
    Cabrera Capital Daily Game Plan

    Cabrera Capital Daily Game Plan

    Quantitative Statistics and Analysis, Make Better Trading Decisions – Free Webinar – Saturday 12:00pm ET

    Quantitative Statistics and Analysis, Make Better Trading Decisions – Free Webinar – Saturday 12:00pm ET

    Chart of the Day: AMZN Stock

    Chart of the Day: PINS Stock

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    Chart of the Day: AMZN Stock

    Chart of the Day: Etsy Stock Tumbles

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    Chart of the Day: Can Apple Stock Hit Record Highs?

    Chart of the Day: AMZN Stock

    Chart of the Day: Can GOOGL Stock Stay Up?

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MrTopStep
Home Analysis

A Few Individual Stock Trades Stand Out

Danny Riley by Danny Riley
May 23, 2023
in Analysis, Commentary, Futures, SP500, Stocks, Strategy, Tradechat
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Plus a look at ARKK, the US Dollar, and KRE  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

A Few Individual Stock Trades Stand Out

Plus a look at ARKK, the US Dollar, and KRE

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As mentioned in this morning’s original Opening Print, bonds have really caught my eye here.

I am curious though about if and when it will matter that the US dollar (DXY) and 10-year yields (TNX) continue to push higher. Both are at multi-month highs, yet the S&P continues to plow higher.

Even more interestingly, there seems to be a rotation out of typical safety stocks (MCD, WMT, etc.) and into growth stocks. That can be seen by yesterday’s action in ARKK, where it rallied almost 5% on its highest volume since March 31st.

Love ARKK or hate it, it’s a good proxy for growth stocks and yesterday’s daily chart gave bulls a darn good close. But it’s flying in the face of conflicting signals.

With that in mind, let’s look at the individual stock trades previously mentioned. In addition to the bonds, I’m looking at two possible longs and a short — (plus a look at KRE).

PEP

PEP Daily

PEP is fresh off all-time highs and has given us a rapid ABC correction down to prior resistance, as well as the 10-week and 50-day moving averages. Nibbling anywhere south of or near $187 is reasonable. Less aggressive bulls can look for the tag of the 50-day.

$183-ish is a reasonable stop-loss. On the upside, I’d love to see ~$190 as the first target.

AMZN

AMZN Daily

Let’s see how AMZN handles the $113-ish level (+/- $1) as it comes into the 10-day ema and a retest of the Q1 high. That’s not unlike the UBER setup we had last week (although AMZN isn’t as strong as Uber, IMO).

$110 stop. $116+ is first target.

MET

MET Daily

MET is our short setup, as it tangos with the declining 10-day ema and the prior low near $52.80.

MET trades with a correlation with the banks and KRE, so as goes KRE, so goes this name to some degree.

Stop can be in the $54 to $54.50 area. $50.50 is the ideal first trim, but $51 is okay too.

KRE

Speaking of KRE, keep an eye on that $42 area, which was the initial low in March. That lines up with the declining 50-day and 10-week moving averages.

I don’t really trade the KRE, but I do use it as a barometer.

 
Disclaimer: Charts and analysis are for discussion and education purposes only. I am not a financial advisor, do not give financial advice and am not recommending the buying or selling of any security.
Remember: Not all setups will trigger. Not all setups will be profitable. Not all setups should be taken. These are simply the setups that I have put together for years on my own and what I watch as part of my own “game plan” coming into each day. Good luck!
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