long quiet period, DGI screener update. $SPY rocking

Haven't posted in some time... after the injury healed up I have been busy back at work.  still posting to Stocktwits here and there though, so follow me on there if you haven't yet.  

 

here's a DGI screener that i'm playing with.  with the market looking to extend on a wave 5 here, i want to filter down to lower P/E stocks to add to the DGI.  yesterday i added AMNF with a small position.  frozen foods, fantastic growth over the years.  

 

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$BTC.X update

I've been tracking BTC as such... looking to see if this big drop today will complete a wave 2.  I'm still also wondering if the bear cycle did indeed end at that wave 5 in the chart.  it's hard to predict the wave 2 bottom, so tread lightly here if you're new to crypto.  

 

 

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$SSC great flag breakout

textbook flag here, with the flagpole identical to the breakout move!  time to see if it has legs and will continue pushing higher or consolidate a bit.  

 

side note: the hip injury is healed and i'm getting back into the swing of things... this week will be light on updates, but I'm very much long on this market.  Earnings are looking great, and have expected to be *big*.  Keep watching, it's a busy week for ERs. 

 

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$CDXC great run, ready for a retrace but how much?

The run here had some volume since the addition to the russell, and it looks a bit extended here.  that 5 wave down is drawn out and i feel like that was all the downside we should see.  on the rebound now, is it close enough to the 200ma to have a consolidation/retrace?  i see 3 potential retrace scenarios here...

-either it starts a very small wedge using friday's low as a bottom, then eventually launches over the 200ma

-or it does a small retrace to 4.40ish, roughly where the 13ema will meet it (would likely make a flag)

-or it goes for a decent fib line pullback to the 4.13 area where it would likely meet the 50ma then continue higher.  

i see the bottom 2 scenarios playing out over the course of week(s), where the top scenario would be very short.  i like smallcaps for the 2nd half of the year, and will be sticking with this one as a valid long.  

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$AQMS ready for another leg up?

loving small caps for the 2nd half of the year... $AQMS is one of those potential turnaround stories.  Bullish behavior from the board lately, and they should be getting more modules online soon.  check out the weekly chart.  

 

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$SPY $SPX $ES_F

just an update on the index; we can see the channel we're in now, so play accordingly.  we have some resistance ahead, but overall i'm still looking for 3k+ this year.  

 

 

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$SSC found bottom?

$SSC on the rise lately, very under valued if their numbers are legit.  it looks likely to come up to the 200ma/trend line.  where it goes from there we'll see.  i suspect it will consolidate downward a little, then attempt to break that trendline.  let's see how it plays out the rest of the summer...

 

 

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$SPY $SPX $ES_F

Just an updated market chart / wave count on what i'm tracking.  obviously this is just one scenario, but seems likely the one that plays out.  Economic expansion is very strong, the data shows it.  Wages should now start to rise now that it's hard to find employees as we have more jobs available than employable people.  

My wave counts are not time-accurate btw, they are just estimated into the future.  2800, 2900, 3000 on s&p this year, just a matter of when.  let's see how july earnings kick us off!

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$ONCY position update

It's been some time since i mentioned it, mainly because we're just in wait-mode.  Here's an updated chart, and while i'm not really using T/A for trading this, it is interesting to note a few things. 

the opening RS price here is right around the financing price too.  we saw a decent run up, then a deep pullback.  It looks like it finally found a floor roughly a dollar under the financing/RS price, which also happened to be a good fib number to hit.

Now that we're climbing back to the financing price, i'm looking for ONCY to get over that 13ema line to show this price action has legs.  Now that the first half of the year is over and quarter-end selling is done, I hope to see some funds/firms start to position themselves in here.  We have some updates/news coming within the next month (few weeks??), and the anticipation of that should drive some volume and higher prices, IMO.  

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$SPY $ES_F update

A lot of my recent posts have focused on the general market for a reason - the pullback we've seen.  it's hit most sectors, but i think we're seeing it start to wrap up here soon.  a few thoughts for you...

 

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$SPY $ES_F latest chart, waiting out the tariff tantrum..

Trade war no, trade tiff yes.  To be clear, a trade war will eventually lead us into a bear market and swings will likely be small with lots of put option plays.  We're not there yet though; fundamentals are still clearly strong on our economy, and it's likely we head to S&P 3k+ this year.  Where we go after that? who knows, let's wait to see the political/global climate at that time.  

here we've got the s&p messing around the 50ma.  the flag from the previous post sorta broke down, but the overall picture is we're in a simple pullback from the wave 4 end to the nearest top.  This is a good retrace.  even the 2692 area is "fine".  2670 near the 200ma would be "acceptable" and if we go there, get ready to BTFD on strong names.  

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$SPY $ES_F flag...

Even though yesterday seemed rough, we're still in the flag - implied move is the blue dotted line if we break out of it.  Looks to be a setup for monday, IMO.  It could also break down of course, so just keep an eye out.  Market looks like it's simply waiting for a positive catalyst among the trade war noise.  

If the market was truly concerned and anticipated bad trade wars, we would have fallen harder by now.  

 

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$CDXC turn around?

Played this one a bit last year, looks worthy for position building long again.  good prospects on the company, but the price fell into a slump this year with a big 5 wave down turn.  on the long weekly chart, we can maybe get away with drawing a giant cup and handle, so let's see where this can go.  

on the daily it looks like we have our 5 waves and currently doing an A-B-C pattern.  Let's see if we are indeed about to turn up for the "C", which could very well be the start of a reversal wave up.  

 

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DGI update, recent adds include $V $SBUX $LOW $TXN $O $BDJ...

it's been awhile since i mentioned anything about the DGI folio updates... there has been much activity during the market correction the past few months.  I've updated the DGI page, so check out the updates to the weighting.  

The latest additions include:

$BDJ $V $CSCO $JNJ $AAPL $TXN $LOW $SBUX $WMT and $O

Some are new positions, others are adding to previous positions. I have been considering dumping $HDV as it has been a heavy under-performer as a dividend growth fund.  $DGRO has completely blown it away in performance.  

I am on track to hit the yearly goal of divs and then some... May and June are always great months, and I've had a lot of div raises lately. The tracker has lots of good data now for monitoring position/div growth from year to year, quarter to quarter...

in the 2nd image below, i want to see each yearly line above the previous.  april is an under-performing month apparently, so i should dig into why those particular stocks aren't growing divs (or maybe they are and something else is causing that month to stay stagnant). 

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$PYPL upgrade and breakout story

I mentioned PYPL awhile back, i think both on ST and here, but i just wanted to post an updated chart, and there's a story behind it...

i got into PYPL recently when it broke the first trendline you see below.  again, the triple-top came into play on that trend line, then AGAIN a longer triple top on the next trend line.  both times it wedged higher instead of outright rejection like the previous tops.  

we can now see it's been in consolidation while riding the 13ema up.  look how many times it's tested the all time highs! 

with an upgrade today, i think we might see it finally bust out.  market willing... let's see.   

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weed is hot $CGC $CRON $SPRWF

with canada legalizing, i believe we're at the forefront of a bigger wave of legalization.  it will take time, but get in early (if you haven't been in it yet!)

take note of the CGC breakout.  cron is following... meanwhile SPRWF looks like a good setup for a monster move.  

 

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$XBI $LABU breakout, $ACOR $NBEV and other bio ideas.

a few bio plays here... if you followed me on ST, you'll know that i entered LABU last week before we had the $XBI breakout.  GREAT play on that move. Look for a little retrace in the coming days/weeks before going long again i think.  in the meantime, ride the bio wave in good names or good technical setups. 

$ACOR - i know nothing of the name, but the chart caught my eye on a perfect retrace from a pop. looks like a patent thing...

$NBEV financing closed up and looks like a turnaround story here.  

$CLLS $ADAP $CRSP $SUPN $TDOC all good bio names here to watch/add.  

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