AT&T [$T] 30 January 2019

Always beware of a stock that's down when the overall market is up substantially.  

It's often a telltale sign.  

Both the S&P500 and the DJIA were both up more than 1.5% while $T was down more than 4%.

The chart shows a long term bullish price pattern that failed.  It's not likely to repair itself.

AAPL Update As of 18 January 2019

AAPL reports on 29 January 2019.

Things don't look good for the stock right now.

The broader stock market has been on a tear since Christmas, but Apple's stock can barely get up off the mat.  $140 and TAOST Low Power Zone look like good support, but nothing can hold up a market determined to collapse.

One of my favorite trading strategies historically was to buy stocks that went up when the overall market went down.  It stands to reason that 1 should sell stocks that can't go up alongside the broader market... especially when the stock is supposed to be a market leader.

I say all that to say that it appears to me that Apple is in trouble.

Only the future will tell.

SPX, DJIA & GS Update - 16 January 2019

S&P 500

DJIA

It's not quite time to go all "horns up" folks.

To be sure, the bounce has been "strong like bull."  But, as the charts above show, structurally, the broader stock indices aren't out of the woods just yet.

Both the SPX and the DJIA are only just challenging TAOST Magnet Zone™ (TMZ) from below.  Price is already stretched to the upside, so beware of getting long here.  In fact, don't be surprised if price rolls over and traces out lower prices... in fairly short order.

GS

The Goldman Sachs daily chart shows that today's 10% move higher only pushed price toward significant resistance above in TMZ and a separate long running resistance zone.

The selloff may indeed be over... but make sure price validates such a thought by closing above these areas of resistance.

A Favorite Pattern To Stalk

This is 1 of my favorite patterns top stalk.

It was +4% yesterday, so don't jump right in... but get ready by stalking a good pullback entry.

An Apple A Day? 4 January 2018

$AAPL took it on the chin today following their lowered guidance after the close yesterday.  

I had quite a few emails and texts asking, "What now?"

There's no easy answer to that question... though I will say that price fell to a pretty interesting level today... and held.

Watch this $140 area for real (if temporary) support.  The fact that it's also right at the top of TAOST Low Power Zone [TLPZ] doesn't hurt.

Weekly

AAPL Weekly Chart

Daily

AAPL Daily Chart

New Swing/Portfolio Long Idea As of 28 December 2018 Close

GNW Financial -- GNW

The Numbers

The Calls

YUM For More Reasons Than Good Food

New stalk chart pattern... $5 is a wide stop for my tastes, but control risks with size and this could make for a good entry point.

Performance Revisit - The Street Small Caps 31 August 2018

Remember that list of small cap ideas TheStreet published as good long ideas back in August?

Well here's an update...

LGIH -- This was the 1 name that looked like it had a real chance given it was bouncing out of the top of TMZ... Ah, but no.  Incidentally, TMZ is now resistance.

BZH -- This stock had gotten slammed about 6 weeks prior to its publication as a small cap idea by TheStreet.  It was teetering along the bottom of TMZ and after a 1 week Shooting Star style candle, it fell apart.

PBH -- This stock never had a chance... It was below TMZ in August and that never changed...

GPOR -- Price has been held in check to the downside by the down trend line for quite some time.

COG -- This stock also held below TMZ after being turned back in early 2018.

Remember, like "Ball Don't Lie," "Chart Don't Lie..."

Bitcoin 21 December 2018

A core principle of #SimpleTrading is Resistance eclipsed becomes Support and Support broken becomes Resistance.

Bitcoin is adhering to this rule.

As expected, price bounced off support.

The question now is how far will the bounce extend?  Beyond the red horizontal line above the current price (which is now resistance)?

Or will price roll over again and finally break down through support?

GLD Update 18 December 2018

18 December 2018 Tuesday
Stocks are still under pressure... But #GLD is not showing the normal bullishness you'd expect when stocks are moving lower even though it's managed to move up out of long term TAOST Magnet Zone.

I wouldn't consider buying GLD unless price can push up through the horizontal resistance levels above.

How To Get Short 17 December 2018

For those concerned about a potential market collapse...

I've written about this leveraged, "contra" etf before. It basically goes higher as the market (S&P 500) goes lower... Triple the decline in fact.

There's still time to work into a position.

Treat it like any other position... Limit your position size and make sure you have a stop loss in place.
#SPXS #SPX500 #Hedge #Recession

SPXS Weekly Chart

16 December 2018 -- On Bitcoin

On January 17th 2018 I posted a Bitcoin update to Facebook...

https://www.facebook.com/TheAOST/posts/1869888823061003

Seems it was more accurate than even I imagined.

As it challenges major support here, many people are waiting for the turn... and have been for some time.

I suspect the security has a lot more work to do before anyone can even begin to think it's turning back to the upside.

AAPL - 28 November 2018

Bitcoin 26 November 2018

A couple of Bitcoin charts...

We knew when it broke... it would be a significant break... Price is coming up on support in short order. If that doesn't hold... look out below.

Monthly Chart

Daily Chart

SNAP 16 November 2018

A notorious short seller thinks it's time to buy #SNAP... because "it's gone about as low as it can go and sentiment is changing..."

Hmmm... That's a terrible reason to buy a stock.

SNAP Weekly

SNAP Daily

If you're a #priceaction trader, you know that price can always go lower (until it hits 0)... and it can always go higher. Your job is to make price prove it's ready to move in your desired direction before you expose yourself to it by taking a position.

Utility Stock Idea 8 November 2018

8 November 2018 Thursday

Positively structured utility stocks make for good trade candidates in this environment.

DTE Weekly

DTE Daily

Snap 9 October 2018

#SNAP

Small Cap Recommendations From TheStreet 31 August 2018

Here are a few small cap stocks the editors at TheStreet are recommending has long term holds.

If it's not clear from the charts and where price is relative to TAOST Magnet Zone, I disagree strongly on all but 1... and that 1 is a maybe.

Stalk Candidates 2 May 2018

A few complimentary names from my Stalk Candidates list.  Manage your risk by position sizing properly and have at.