
u/Path2Profit

Pattern recognition for Deepvue (free trial 👇)
Some really cool stuff dropping with Deepvue this weekend! As a former MS subscriber for many years these were the last few things that MS had that Deepvue didn’t. (Yes there are Composite Rating/ EPS Rating/ Sales Rating etc.)
Use my link https://deepvue.com/robert-campos-partners/ then code P2PFreeMonth for a free month trial.
If you are a monthly member use code BOBBY12 for 12% off an annual membership
As always any questions you have or help you need just reach out! Custom indicator stuff is also going to be easy to use with an AI interface to create what you want. No need to know coding!
Bobby Breakdown 5/12/2026
Short one today everyone, crazy few days for me but gotta still prepare for the next day As rough of a day as the market was today for many of us we all know it can't go straight up. Really was hoping though this was the start of a pullback, we will see. The upside reversal and close was very positive given todays action. ( part of me wished it was not hahahah) But lower volume and no DD. A lot he groups that looked strong yesterday got hit today. A lot of the groups I have been watching that have been leading. Healthcare which has been a laggard did well today. Also so some oil and gas, and copper and silver looked strong today. LiDAR which has been strong performed well today. As we know one day isnt a trend changer . Continue to screen, continue to watch the leaders and be prepared. Know your stops and be disciplined to them. You don't want to get caught making emotional decision. This could mean holding onto a loser creating a bigger lose or panic selling a normal move that you should have just sat through. DO THE WORK! Stay Disciplined
Bobby Breakdown 5/12/2026
Short one today everyone, crazy few days for me but gotta still prepare for the next day As rough of a day as the market was today for many of us we all know it can't go straight up. Really was hoping though this was the start of a pullback, we will see. The upside reversal and close was very positive given todays action. ( part of me wished it was not hahahah) But lower volume and no DD. A lot he groups that looked strong yesterday got hit today. A lot of the groups I have been watching that have been leading. Healthcare which has been a laggard did well today. Also so some oil and gas, and copper and silver looked strong today. LiDAR which has been strong performed well today. As we know one day isnt a trend changer . Continue to screen, continue to watch the leaders and be prepared. Know your stops and be disciplined to them. You don't want to get caught making emotional decision. This could mean holding onto a loser creating a bigger lose or panic selling a normal move that you should have just sat through. DO THE WORK! Stay Disciplined
Bobby Breakdown 5/11/2026
What's going on everyone.
Happy Monday and Happy Bull market everyone! Let’s take a look how the week started.
Disclaimer: For educational purposes only; not financial advice. Trading stocks involves risk of loss. Please conduct your own due diligence before making any trades.
Market Action:
- Market opened up gapping down only to very quickly rebound. We rose through the day but saw some sellng off to the end of the day making today a fairly flat day. Volume was higher on both indexes. Kind of a churring feel to today, question is was it bulls eating up the bear or bears eating up the bulls. Who held who back? I guess we will soon find out.
- Still fairly extended from moving averages but as we all know the market can be extended even longer than we think. Not a lot of change from the weekend recap video so definitely check that out if you haven’t already.
Distribution/Rally:
- As expected, we saw the 4/21 distribution day from of off the S&P. Now sitting with 3 DD on the S&P and 0 on the Nasdaq. Even not looking at DD it is very obvious we are not seeing large institutional selling in this market so far.
Outlook:
- Outlook remains the same! Ride the way and understand a pullback is still in the cards and a healthy pullback could feel violent!
- I added to my long exposure today with some CIFR and NAVN. Other than that watching closely at the leaders and high flyers for opportunities to start to develop (they will eventually)
- Should we get a normal and healthy pullback I am preparing to put some margin to work. That can only be done if we remain focused on leaders and watch for opportunities so regardless of a stock being extended if it is looking like a leader be sure to keep an eye on it, learn and understand its behavior and be prepared.
Sectors:
- Energy led the day with tech in second and materials in 3^(rd). Tech and energy remain where you want to focus
Industries/Themes:
- Ai data center was the leader today. Quantum continues to pop up showing strength. Semis, LiDAR, Crypto, Blockchain, Space and Satellites, Nuclear/Uranium and Energy storage all showed strength today and have been the groups I have really been watching and feel are were most of the leadership is.
Market Events:
- CPI tomorrow and PPI Wednesday
Daily Screeners:
Up on Volume:
- ADEA, AMN, ARXS, BKSY, CRCL, DXYZ, FCEL, FLNC, FORM, HIMX, INOD, KGS, LQDA, MRAM, NVTS, OUST, PDFS, SKYT, TH, WYFI, XE
Big Gap:
- AG, AMBA, APA, ASTS, BNAI, BW, CRCL, DXYZ, FORM, GLW, HIMX, HL, HYMC, INTC, KGS, LITE, LQDA, MRAM, MU, PAAS, SDRL, SMTC, TH, VCX, VECO, VICR, WYFI
Daily RS:
- LUNR, AEVA, CC, CF, AAOI, LITE, CDNL, LINC, BE, BW, FCEL, VICR, VRT, GLW, UMAC, COHR, LASR, KGS, NESR, AGL, TH, DXYZ, CRCL, RKLB, FOX, FOXA, AG, B, HL, HYMC, KLRA, ARXS, XE, UEC, LQDA, INOD, ACMR, AEHR, AXTI, CRDO, HIMX, MRAM, NVTS, SITM, ALMU, SMTC, TSEM, APLD, ADEA, IONQ, WDC, ASTS
52 Week High:
- AXTI, MRAM, MXL, AEHR, AIP, FCEL, FLEX, HIMX, DXYZ, INOD, INTC, NVTS, SITM, ALMU, DDOG, ICHR, CDNL, MU, STX, TH, VICR, ON, RIOT, RKLB, STM, WDC, AKAM, AMN, ASX, BW, CIEN, COHU, EXTR, GTX, LUNR, MTSI, PDFS, POWL, SMTC, APLD, BKSY, LITE, PL, VGNT, GLW, LINC, NVT, NXPI, VRT, VSAT, FIX, FTNT, IESC, COHR, TXN, BELFB, GNRC, LSCC, MPWR, Q, BTSG, ENS, ESI, KGS, LQDA, MTRN, NTCT, ARW, AAMI, KEYS, ADI, CSTM, ARWR, AMAT, SOLS, SDRL
STAY DISCIPLINED!
*Primary Screener/Charting tool used here is Deepvue. If you are interested check out my affiliate link https://deepvue.com/robert-campos-partners/ and use code P2PFreeMonth for a free month trial and BOBBY12 for 12% off an annual membership*
*Webby trend is something I got from Mike Webster. Check out his YouTube Channel for more info and for tons of great CANSLIM content! https://www.youtube.com/@Webby5150 *
Wednesday, May 20th 7pm PST/ 10pm EST 📅 Thankful to be a guest on an amazing CAN SLIM meet up group hosted by former William J O’Neil and Co. PM - Alex Marenco and professional CAN SLIM Trader - Steve Swetz! 👇Link below to sign up!
reddit.comName one stock that you are watching for next week!
What is one stock you are watching going into next week and why? Don't forget to include a screenshot of the chart!
Share your thoughts and analysis on other members comments too!
Sorry if I offended you 😂
My deepest apologies for ruining your day
What's going on everyone.
As we always do be breaking down everything that went on today in the market as we move into the final day to close out the week. Let see what went down! Longer one today with some added commentary I think is important to hear.
Disclaimer: For educational purposes only; not financial advice. Trading stocks involves risk of loss. Please conduct your own due diligence before making any trades.
Market Action:
- Market opened up and climbed for the first hour and a half. Then we turned around as the bears stepped in to say “not today” as the bulls tried to push yet another ATH. We continued to reverse lower through the day and closed in the red. Both the Nasdaq and S&P closed near lows for the day showing stalling like action. Volume for both indexes was very close to yesterday showing just slightly lower ( I know some people might show a little different but I don’t think it matters much)
- We are still holding above the 10sma and obviously still trending higher. But with todays action we would expect normal action for tomorrow to be a down day. I am not predicting just explaining that being down tomorrow and maybe even starting a pullback and breaking the 10sma would be completely normal action for this uptrend so just be prepared. It isn’t news to anyone that this market has been screaming higher with little to no pause. So a healthy pullback is welcome to cool off and also create some great set ups. This is ideal and we all know that “ideal” doesn’t always happen. Point of this is just to bring context to the market and especially prevent people from panicking should we start trending lower in the immediate short term. It’s still a roaring bull uptrend.
Distribution/Rally:
- Not sure how everyone is going to show today in terms of distribution based on there volume but I am not adding anything today. We also did not lose any days so we continue to sit at 4 on the S&P and 0 on the Nasdaq with my count. The most important thing is it is clear we are not seeing heavy institutional selling in the market at this time. So we can sit and debate over the exact count but even if you add DD to both indexes today it doesn’t change the outlook.
Outlook:
- Speaking of outlook the outlook remains the same. Highly long with a caution with to much new long exposure. Should we get the ideal situation talked about above you want to be ready to take action and start adding exposure if you have freed up equity. Really work hard to screen and be prepared for this possibility. Just like the FTD it could be a small window to get in on some big leaders with great low risk entries. Again the market could just rip higher no pullback and if that’s the case I am not saying don’t make any new buys I am just saying understand the added risk and personally I prefer to keep new buys to a minimum.
- As for where I am at currently. I still have my full position in TSM, little 2/3 my position in MU and half my position in SNDK. I sold ALB prior to earnings for a small gain. Today attempted a earnings gap buy with a tight low of day stop that eventually got hit. This has me sitting around 50% long. Yes in the grand scheme of this uptrend this is less long exposure than I really want but not concerning to me given most of the capital taken off the table was profit taking. Now I am positioned well to redeploy capital when set up post earnings present itself or if we get that pullback.
- I can’t stress this enough. Be disciplined, be patient and most importantly do a mental audit of yourself. I see a lot of people across a lot of platforms that are frustrated with missing big trades, the lock out type rally we had or just frustrated in general about the performance. DO NOT carry that negative emotion forward and have it hurt your future trading. This game is soooooo mental it is insane. There are 10000s of ways to make money in the market and so many proven methods. The rules for most are all laid out and available to everyone. Some even know exactly what to do. But most struggle not from lack of knowledge but from a poor mindset. So really reset your psychology and make sure you are clear headed.
Sectors:
- Pretty much everything down/flat but tech actually show some decent RS. Communications led the day. Materials and Energy the laggards. Overall though tech and energy continue to be the leaders
Industries/Themes:
- Today was led by cyber security and software names. Groups that got hit today were LiDAR, Quantum, Space, Crypto stocks, Data center, rare earth and nuclear. A lot of these names have been showing some rapid growth though. I attached a screenshot of the top rapid movers both up and down. Definitely worth taking note of these names as they have been showing strength.
- As we continue in the uptrend I think it is important to watch for rotation or names climbing the rank. When the market is declining it’s a little easier to see what is just holding up the best but when the market is ripping higher it can be harder to see groups coming to the top. It is also important to understand the difference between a group leading and in a steady uptrend vs a group performing well short term but still in a downtrend. Hope that makes sense.
Market Events:
- Jobs report tomorrow
Daily Screeners:
Up on Volume:
- ACMR, AVTX, FLNC, MTSI, RXO, VTRS, XMTR, XNDU
Big Gap:
-AKAN, CRWD, FLNC, FROG, INSW, MTSI, NAMS, PANW, PRMB, RXO, S, SNEX, VTRS, VVV, XMTR
Daily RS:
- AKAN, NAMS, SNEX, NTCT, FLNC, PRMB, RXO, ENOV, LIVN, FUN, DXYZ, MIDD, PRM, MAIR, VTRS, ACMR, MTSI, CRWD, PANW, LAMR, WRBY, XMTR
52 Week High:
- BAND, SHAZ, AVNS, RIOT, XMTR, AVTX, RXO, FLYW, MTSI, SNEX, TGTX, INSW, DVA, VTRS, OUT
Earnings Tomorrow:
N/A
STAY DISCIPLINED!
*Primary Screener/Charting tool used here is Deepvue. If you are interested check out my affiliate link https://deepvue.com/robert-campos-partners/ and use code P2PFreeMonth for a free month trial and BOBBY12 for 12% off an annual membership*
*Webby trend is something I got from Mike Webster. Check out his YouTube Channel for more info and for tons of great CANSLIM content! https://www.youtube.com/@Webby5150 *
Bobby Breakdown 5/7/2026
What's going on everyone.
As we always do be breaking down everything that went on today in the market as we move into the final day to close out the week. Let see what went down! Longer one today with some added commentary I think is important to hear.
Disclaimer: For educational purposes only; not financial advice. Trading stocks involves risk of loss. Please conduct your own due diligence before making any trades.
Market Action:
- Market opened up and climbed for the first hour and a half. Then we turned around as the bears stepped in to say “not today” as the bulls tried to push yet another ATH. We continued to reverse lower through the day and closed in the red. Both the Nasdaq and S&P closed near lows for the day showing stalling like action. Volume for both indexes was very close to yesterday showing just slightly lower ( I know some people might show a little different but I don’t think it matters much)
- We are still holding above the 10sma and obviously still trending higher. But with todays action we would expect normal action for tomorrow to be a down day. I am not predicting just explaining that being down tomorrow and maybe even starting a pullback and breaking the 10sma would be completely normal action for this uptrend so just be prepared. It isn’t news to anyone that this market has been screaming higher with little to no pause. So a healthy pullback is welcome to cool off and also create some great set ups. This is ideal and we all know that “ideal” doesn’t always happen. Point of this is just to bring context to the market and especially prevent people from panicking should we start trending lower in the immediate short term. It’s still a roaring bull uptrend.
Distribution/Rally:
- Not sure how everyone is going to show today in terms of distribution based on there volume but I am not adding anything today. We also did not lose any days so we continue to sit at 4 on the S&P and 0 on the Nasdaq with my count. The most important thing is it is clear we are not seeing heavy institutional selling in the market at this time. So we can sit and debate over the exact count but even if you add DD to both indexes today it doesn’t change the outlook.
Outlook:
- Speaking of outlook the outlook remains the same. Highly long with a caution with to much new long exposure. Should we get the ideal situation talked about above you want to be ready to take action and start adding exposure if you have freed up equity. Really work hard to screen and be prepared for this possibility. Just like the FTD it could be a small window to get in on some big leaders with great low risk entries. Again the market could just rip higher no pullback and if that’s the case I am not saying don’t make any new buys I am just saying understand the added risk and personally I prefer to keep new buys to a minimum.
- As for where I am at currently. I still have my full position in TSM, little 2/3 my position in MU and half my position in SNDK. I sold ALB prior to earnings for a small gain. Today attempted a earnings gap buy with a tight low of day stop that eventually got hit. This has me sitting around 50% long. Yes in the grand scheme of this uptrend this is less long exposure than I really want but not concerning to me given most of the capital taken off the table was profit taking. Now I am positioned well to redeploy capital when set up post earnings present itself or if we get that pullback.
- I can’t stress this enough. Be disciplined, be patient and most importantly do a mental audit of yourself. I see a lot of people across a lot of platforms that are frustrated with missing big trades, the lock out type rally we had or just frustrated in general about the performance. DO NOT carry that negative emotion forward and have it hurt your future trading. This game is soooooo mental it is insane. There are 10000s of ways to make money in the market and so many proven methods. The rules for most are all laid out and available to everyone. Some even know exactly what to do. But most struggle not from lack of knowledge but from a poor mindset. So really reset your psychology and make sure you are clear headed.
Sectors:
- Pretty much everything down/flat but tech actually show some decent RS. Communications led the day. Materials and Energy the laggards. Overall though tech and energy continue to be the leaders
Industries/Themes:
- Today was led by cyber security and software names. Groups that got hit today were LiDAR, Quantum, Space, Crypto stocks, Data center, rare earth and nuclear. A lot of these names have been showing some rapid growth though. I attached a screenshot of the top rapid movers both up and down. Definitely worth taking note of these names as they have been showing strength.
- As we continue in the uptrend I think it is important to watch for rotation or names climbing the rank. When the market is declining it’s a little easier to see what is just holding up the best but when the market is ripping higher it can be harder to see groups coming to the top. It is also important to understand the difference between a group leading and in a steady uptrend vs a group performing well short term but still in a downtrend. Hope that makes sense.
Market Events:
- Jobs report tomorrow
Daily Screeners:
Up on Volume:
- ACMR, AVTX, FLNC, MTSI, RXO, VTRS, XMTR, XNDU
Big Gap:
-AKAN, CRWD, FLNC, FROG, INSW, MTSI, NAMS, PANW, PRMB, RXO, S, SNEX, VTRS, VVV, XMTR
Daily RS:
- AKAN, NAMS, SNEX, NTCT, FLNC, PRMB, RXO, ENOV, LIVN, FUN, DXYZ, MIDD, PRM, MAIR, VTRS, ACMR, MTSI, CRWD, PANW, LAMR, WRBY, XMTR
52 Week High:
- BAND, SHAZ, AVNS, RIOT, XMTR, AVTX, RXO, FLYW, MTSI, SNEX, TGTX, INSW, DVA, VTRS, OUT
Earnings Tomorrow:
N/A
STAY DISCIPLINED!
*Primary Screener/Charting tool used here is Deepvue. If you are interested check out my affiliate link https://deepvue.com/robert-campos-partners/ and use code P2PFreeMonth for a free month trial and BOBBY12 for 12% off an annual membership*
*Webby trend is something I got from Mike Webster. Check out his YouTube Channel for more info and for tons of great CANSLIM content! https://www.youtube.com/@Webby5150 *
Bobby Breakdown 5/7/2026
What's going on everyone.
As we always do be breaking down everything that went on today in the market as we move into the final day to close out the week. Let see what went down! Longer one today with some added commentary I think is important to hear.
Disclaimer: For educational purposes only; not financial advice. Trading stocks involves risk of loss. Please conduct your own due diligence before making any trades.
Market Action:
- Market opened up and climbed for the first hour and a half. Then we turned around as the bears stepped in to say “not today” as the bulls tried to push yet another ATH. We continued to reverse lower through the day and closed in the red. Both the Nasdaq and S&P closed near lows for the day showing stalling like action. Volume for both indexes was very close to yesterday showing just slightly lower ( I know some people might show a little different but I don’t think it matters much)
- We are still holding above the 10sma and obviously still trending higher. But with todays action we would expect normal action for tomorrow to be a down day. I am not predicting just explaining that being down tomorrow and maybe even starting a pullback and breaking the 10sma would be completely normal action for this uptrend so just be prepared. It isn’t news to anyone that this market has been screaming higher with little to no pause. So a healthy pullback is welcome to cool off and also create some great set ups. This is ideal and we all know that “ideal” doesn’t always happen. Point of this is just to bring context to the market and especially prevent people from panicking should we start trending lower in the immediate short term. It’s still a roaring bull uptrend.
Distribution/Rally:
- Not sure how everyone is going to show today in terms of distribution based on there volume but I am not adding anything today. We also did not lose any days so we continue to sit at 4 on the S&P and 0 on the Nasdaq with my count. The most important thing is it is clear we are not seeing heavy institutional selling in the market at this time. So we can sit and debate over the exact count but even if you add DD to both indexes today it doesn’t change the outlook.
Outlook:
- Speaking of outlook the outlook remains the same. Highly long with a caution with to much new long exposure. Should we get the ideal situation talked about above you want to be ready to take action and start adding exposure if you have freed up equity. Really work hard to screen and be prepared for this possibility. Just like the FTD it could be a small window to get in on some big leaders with great low risk entries. Again the market could just rip higher no pullback and if that’s the case I am not saying don’t make any new buys I am just saying understand the added risk and personally I prefer to keep new buys to a minimum.
- As for where I am at currently. I still have my full position in TSM, little 2/3 my position in MU and half my position in SNDK. I sold ALB prior to earnings for a small gain. Today attempted a earnings gap buy with a tight low of day stop that eventually got hit. This has me sitting around 50% long. Yes in the grand scheme of this uptrend this is less long exposure than I really want but not concerning to me given most of the capital taken off the table was profit taking. Now I am positioned well to redeploy capital when set up post earnings present itself or if we get that pullback.
- I can’t stress this enough. Be disciplined, be patient and most importantly do a mental audit of yourself. I see a lot of people across a lot of platforms that are frustrated with missing big trades, the lock out type rally we had or just frustrated in general about the performance. DO NOT carry that negative emotion forward and have it hurt your future trading. This game is soooooo mental it is insane. There are 10000s of ways to make money in the market and so many proven methods. The rules for most are all laid out and available to everyone. Some even know exactly what to do. But most struggle not from lack of knowledge but from a poor mindset. So really reset your psychology and make sure you are clear headed.
Sectors:
- Pretty much everything down/flat but tech actually show some decent RS. Communications led the day. Materials and Energy the laggards. Overall though tech and energy continue to be the leaders
Industries/Themes:
- Today was led by cyber security and software names. Groups that got hit today were LiDAR, Quantum, Space, Crypto stocks, Data center, rare earth and nuclear. A lot of these names have been showing some rapid growth though. I attached a screenshot of the top rapid movers both up and down. Definitely worth taking note of these names as they have been showing strength.
- As we continue in the uptrend I think it is important to watch for rotation or names climbing the rank. When the market is declining it’s a little easier to see what is just holding up the best but when the market is ripping higher it can be harder to see groups coming to the top. It is also important to understand the difference between a group leading and in a steady uptrend vs a group performing well short term but still in a downtrend. Hope that makes sense.
Market Events:
- Jobs report tomorrow
Daily Screeners:
Up on Volume:
- ACMR, AVTX, FLNC, MTSI, RXO, VTRS, XMTR, XNDU
Big Gap:
-AKAN, CRWD, FLNC, FROG, INSW, MTSI, NAMS, PANW, PRMB, RXO, S, SNEX, VTRS, VVV, XMTR
Daily RS:
- AKAN, NAMS, SNEX, NTCT, FLNC, PRMB, RXO, ENOV, LIVN, FUN, DXYZ, MIDD, PRM, MAIR, VTRS, ACMR, MTSI, CRWD, PANW, LAMR, WRBY, XMTR
52 Week High:
- BAND, SHAZ, AVNS, RIOT, XMTR, AVTX, RXO, FLYW, MTSI, SNEX, TGTX, INSW, DVA, VTRS, OUT
Earnings Tomorrow:
N/A
STAY DISCIPLINED!
*Primary Screener/Charting tool used here is Deepvue. If you are interested check out my affiliate link https://deepvue.com/robert-campos-partners/ and use code P2PFreeMonth for a free month trial and BOBBY12 for 12% off an annual membership*
*Webby trend is something I got from Mike Webster. Check out his YouTube Channel for more info and for tons of great CANSLIM content! https://www.youtube.com/@Webby5150 *
Quick one today, spending some time with the family.
Market gapped up and had a strong climb throught the day recording another ATH and closing at highs for the day. Nasdaq dropped off its only DD making count 4 on S&P and 0 on the Nasdaq. S&P close to losing the 4/21 DD due to price action. Outlook remains the same as its been with the market not wanting to take much of a break and some names still waiting to report earnings.
Tech lead today and Energey Lagged but the two are still leading overall. Industry wise we are seeing semis continue to be strong, bitcoin related names showing strength. Also Nuclear showed strength.
What's going on everyone.
Another fruitful day in this powerful uptrend. Lets look at what went down!
Disclaimer: For educational purposes only; not financial advice. Trading stocks involves risk of loss. Please conduct your own due diligence before making any trades.
Market Action:
-Nasdaq and S&P gapped up and had a nice steady climb into the close finishing with a solid up day on just below average volume. We made yet again another ATH close. Nasdaq closed in 75% range and the S&P just above mid-range.
- The trend continues on as we seem to ride the 10 sma. Despite what we all had hoped this market has not really given any pause or pullback. Looking at the weekly it has been straight vertical with just a slow in the climb rate in recent weeks.
- No need to predict, debate or argue the trend is up and strong. We know at some point a pullback will come so just keep that in you mind and when ti does come remember the sky isn’t falling.
Distribution/Rally:
- No distribution days added today. Still 4 distribution days on the S&P and 1 on the Nasdaq with the Nasdaq day very close to dropping off due to price action. We also reached 25 days into this uptrend from the rally start
Outlook:
- Outlook remains the same as it had been I won’t bore anyone. If you are reading this for the first time take a look at some of my write ups over the last week. Not much has changed.
- A lot of stocks are setting up just before earnings, be disciplined!
- As for me I sold half of my SNDK and MU into strength today as well as solid half my ALB on todays up day knowing it very likely I will be selling all or more tomorrow. I may hold a very small position into earnings .
Sectors:
- Tech lead the day again but it is still worth noting that energy is not out of the picture and still also showing strength and giving some viable set ups
Industries/Themes:
- You guessed it memory lead the day. Strength was also seen in crypto mining, semis in general, solar and transportation/shipping. Defense tech, drones, nuclear, and lidar were a few of the notable names that were weak today.
Market Events:
- FOMC tomorrow, jobs Friday and more earnings
Daily Screeners:
Up on Volume:
- AESI, BAND, BLSH, CECO, CIFR, DOCN, ECG, EFOR, FLEX, LEGN, MRAM, PENG, PRIM, SIMO, STRL, THR, VSH, ZIM
Big Gap:
- ABVX, ALAB, ALMU, AMAT, ASML, CAMT, CMBT, CMI, CTRI, CYTK, DOCN, ECG, ERO, FORM, FSLY, GFS, IESC, IIPR, INTC, LRCX, MRVL, MU, NAVN, NET, NVMI, PENG, POWL, PRIM, SEDG, STRL, TSEM, UCTT, ULS, VCX, VICR, VVX, WLFC
Daily RS:
- VVX, EXPD, HOG, CUE, CYTK, LEGN, CIFR, IREN, DD, OPLN, ECG, CDNL, LMB, PRIM, STRL, IIPR, AMSC, PLPC, POWL, THR, LTH, AKAM, DOCN, FSLY, TSSI, CRL, CECO, MATX, ZIM, AESI, ULS, AMKR, CAMT, CRDO, ENTG, FORM, GFS, INTC, MU, NVTS, QCOM, SEDG, PENG, ALMU, UCTT, APLD, NET, RIOT, SNDK, WLFC
52 Week High:
- AXTI, BAND, AIP, DOCN, SNDK, INTC, PENG, SIMO, ALMU, STRL, LGN, MANE, DIOD, GFS, CDNL, MRVL, MYRG, POWL, STM, VSH, COHU, AESI, EXTR, LITE, MU, ON, POWI, SITM, TWLO, WULF, ECG, ASX, MWH, BELFB, CECO, FLEX, IESC, KLIC, MTZ, NVT, RSI, THR, VRT, ALGM, CTRI, MCHP, PWR, RNG, ESI, KGS, GNRC, PARR, PRIM, SNEX, SNX, YOU, KEYS, MTRN, MTSI, NBR, SYNA, VGNT, Q, AVGO, CVE, EZPW, IRM, ULS, MOD, MUSA, NUE, ZM, STLD, CAT, CHEF, DK, ESE, TPC, TRMD, WLFC, CASY, DY, ENS, INSW, LRCX, WTTR, ECO, SLAB, OVV, SU, MATX, TRGP, FPS
Earnings Tomorrow:
- APP, FSLY, TKO, YOU
STAY DISCIPLINED!
*Primary Screener/Charting tool used here is Deepvue. If you are interested check out my affiliate link https://deepvue.com/robert-campos-partners/ and use code P2PFreeMonth for a free month trial and BOBBY12 for 12% off an annual membership*
*Webby trend is something I got from Mike Webster. Check out his YouTube Channel for more info and for tons of great CANSLIM content! https://www.youtube.com/@Webby5150 *
Today’s Rant 🗣️
You know how everyone says look for relative strength when the market is correcting and acting weak?
$SNDK and $MU showed the strength. They screamed it! Many traders were tempted to take entries on them when the market was in a downtrend. They failed at the time but the strength was still clear.
Once the overall market pressure was relieved they were the beach balls under water that took off!
Some ignored it. Some were not doing the work in the poor market to see it. Some refused to buy it back when it “didn’t work the first time”
Others did the work, stayed disciplined and took the high probability set up to see it pay off.
Most of us know these mechanics of the market. It’s not rocket science. But do you have the discipline and psychology to execute when it matters?
What's going on everyone.
Happy Monday. Bull market is still chugging along. Let see how the week started.
Disclaimer: For educational purposes only; not financial advice. Trading stocks involves risk of loss. Please conduct your own due diligence before making any trades.
Market Action:
- Market opened up for the day then reversed red. We were able to close off lows in the with the Nasdaq just making it above the mid-range but the S&P closing in lower range. Nasdaq was able to hold above the Friday lows while the S&P was not and closed below
- Both indexes are continuing to stay above the 10sma in a very healthy uptrend. The question is still at what point will we see a test of the 21ema? Could be soon could be a while. What has been good is the slowing of the upward progress. If this is all we get as a “pause” that’s extremely bullish. But as I have been saying we know it can be very normal to experience a pullback and we need to be prepared.
Distribution/Rally:
- S&P gained another distribution day today making a count of 4 on the S&P and 1 on the Nasdaq. One thing to note is there have been no down days on any above average volume so for me the current distribution count is not a major concern for me. Nasdaq also shows almost no real signs of institutional selling.
Outlook:
- Outlook remains the same from the weekend live stream really not much new to say. If you missed it definitely go watch the replay its all still very relevant today.
Sectors:
- New day same story. Tech and Energy lead the day. Materials were the laggard today and have been one of those groups that seems like it can go either way trend wise. Above the 50 but sideways and basing.
Industries/Themes:
- Crypto mining and infrastructure, memory, Ai software, Cybersecurity and oil and gas showed strength today while weakness came from a variety of consumer dictionary groups.
Market Events:
- FOMC meeting on Wednesday and Jobs Report Friday. Still plenty of earnings reports pending as well.
Daily Screeners:
Up on Volume:
- ADEA, AXSM, CECO, CELC, DXYZ, FIVN, ICHR, MIRM, PUMP, TWLO, VSH
Big Gap:
- CECO, CELC, CRCL, FPS, ICHR, MU, NBIS
Daily RS:
- ORKA, CAPR, CELC, KRYS, MIRM, RVMD, TNGX, IREN, BW, AGRO, TSN, HNGE, DOCN, DXYZ, CRCL, HCAI, PBF, AXSM, AXTI, ICHR, MU, APLD, NICE, NBIS, SNDK
52 Week High:
- AXTI, BAND, SNDK, DIOD, MYRG, SGML, NBIS, LGN, CEVA, DOCN, PENG, VSH, WDC, ADEA, EXTR, MU, TVTX, TWLO, ALGM, AESI, FIX, MTZ, PWR, VRT, MWH, ECG, LSCC, MCHP, RNG, CTRI, SYNA, AXSM, CVE, LFUS, THR, CELC, IRM, PRIM, CASY, CHRD, ESE, OVV, PBR.A, PR, ACLX, ANDE, SU, MIRM, FPS
Earnings Tomorrow:
- CCJ, DOCN, LITE, ULS
STAY DISCIPLINED!
What's going on everyone.
“ This market is extended” “Lockout rally” “It can’t keep going up like this” ** Market and leaders have one down day** “OMG market is getting crushed! Should I sell? AI stocks are doomed!!!!” Well, this is exactly why I write these everyday and why I ALWAYS say plan for all directions every day. Let’s take a calm look at what happened today and put it all in context of the overall trend.
Disclaimer: For educational purposes only; not financial advice. Trading stocks involves risk of loss. Please conduct your own due diligence before making any trades.
Market Action:
- Market opened down for the day and continued to push down for the first two hours of the day. A lot of chatter across the social media world, a lot of panic talk and near sightedness (not from everyone just in general). Bulls stepped it to recoup some of the losses as we climbed up towards the end of the day then pulled back slightly into the close. Both the Nasdaq and the S&P thought down did so on light volume and were able to close just above the upper half of the day.
- Both indexes found clear support at the 10sma which was very positive to see. We stayed clear of last weeks lows for now and held above the 4/17 gap up lows. In the bigger picture today was completely normal and healthy action for the indexes. We will continue to watch to see if we can hold the 10sma. After that though the areas I am really watching are the 24000 level on the Nasdaq and the 7000 level on the S&P which both are right around prior highs. We will also keep a close eye on the 21ema which is climbing to these whole number levels as well.
Distribution/Rally:
- No distribution gained today and we still sit with a light count of 2 on the S&P and 1 on the Nasdaq.
Outlook:
- I say this all the time in these write ups, “Have a plan for all directions” Up, down and sideways moves (that phrase reminds me of Michael Covel’s Podcast IYKYK) A lot of people nod their head at this but when the market is ripping higher, they get so focused on the upside and don’t mentally prepare for anything else. They set their stops as if they are ornamental ( yes I used a thesaurus for that one) Then the normal downward move comes and often there is some news tied to it. All a sudden the disciplined rule driven trader now sees their emotions rise and they start the battle between their ears as fear, doubt and hope being to take over. This happens because they never played this scenario through in their head, “what if all my stops get hit tomorrow, am I okay with that? What is we having a bad day but my stops don’t get hit but I see my equity drop?” This is why you must do this everyday and really think through what things would look and feel like if it should happen.
- Now with that said today was rough for many of the leading tech stocks that many of us own. I personally saw a large down day hit my account. But none of my stops where hit, everything is acting healthy and in the bigger picture this so far just looks like the pullback everyone as been calling for. Earnings week brings some more concern and uncertainty but this was know coming into this week and should’ve also been a part of the plan. This is also what I have been talking about with adding a ton of new exposure at these levels. A normal pullback could have you getting stopped out of new trades and rather than see your gains/cushion get hit you are seeing real risk effect your equity.
- So today didn’t feel great for most but its all part of the game and part of any uptrend that a trader must know have to navigate. If this turns worse well we have risk management and plans for that. If its just the start of a pause or healthy pullback then this could help create lower risk buying opportunities. If we bounce and take off from here great! But we aren’t here to predict the market just to trade what it gives us and navigate with our strategy that we know works to help us outperform the market. Final note, this is why you can try every setup, every style, every risk management approach, every new screener or whatever but what really separates consistent traders is psychology and being able to execute when it really matters.
- Long one today but I hope this helps even one person.
Sectors:
- Energy is back on top today. Tech took the brunt of the damage lagging among the sectors. One day is not a trend and this was by no means a trend breaker at all.
Industries/Themes:
- Semis have seemed unstoppable but we all no that is not a thing and today was just a down day that was very warranted when we see how vertical this rally in semis has been. The question now is is this the start of something worse or just normal action in a healthy trend. No one knows and we aren’t here to predict but we will continue to adjust as the market gives more information and react to what the market tells us. Nothing else you can do but the trend is still up. Oil and gas stocks lead the day while both metal and crypto miners took a hit and lagged with the semis. Nuclear and space also lagged.
Market Events:
- GDP Thursday and lots more earnings reports
Daily Screeners:
Up on Volume:
- CECO, CNC, KNSA, MANE, NUE, SIMO
Big Gap:
- CECO, KNSA, SMFG
Daily RS:
- BEAM, KNSA, BEN, PKG, VAL, CNC, OSCR, PII, CECO, NUE, AVB, EQPT
52 Week High:
- MANE, AESI, DAWN, PBI, PLPC, PUMP, ARCB, EZPW, NUE, KGS, ACLX, INSW, NBR, TRMD, KNSA, FTI, OUT, SDRL, STNG, AROC
Earnings Tomorrow:
- (just some of them) AMZN, ASX, AVT, AZN, BBT, BELFA, BELFB, BHE, CGAU, CSTM, DAN, DK, FLS, FORM, FTAI, GKOS, GOOG, GOOGL, KLAC, MEOH, META, MSFT, MYRG, NBIS, ODFL, PFS, PLPC, PLXS, TEVA, TTMI, VIAV, VIST
STAY DISCIPLINED!
*Primary Screener/Charting tool used here is Deepvue. If you are interested check out my affiliate link https://deepvue.com/robert-campos-partners/ and use code P2PFreeMonth for a free month trial and BOBBY12 for 12% off an annual membership*
*Webby trend is something I got from Mike Webster. Check out his YouTube Channel for more info and for tons of great CANSLIM content! https://www.youtube.com/@Webby5150 *