I have some strong chart setups I want to share but before I do, I want to go deeper into what charts are what I mean when I say “ a strong chart setup” for those that still don’t get the importance or those who are new here.
Hi James, thanks much for these. I just wanna ask - when you post these charts, do you also look at the option flow to supplement the chart data and post them together if available? I've found this combination to be quite informative generally. Just an example - the weekend post on 5/29 highlighting strong charts included both option flow and charts of PSTG, and made me watch it closely - the stock has shot up more than 20% in the week after.
I don’t on these daily recaps because I just don’t have the time to do all that. I just try to provide you all with all the data in the best manner possible but in general yes it requires more work from you all looking at charts as well. I’m glad that trade worked out. I try to post the best setups every Sunday based on scan I run
Yeah no I definitely didnt mean it on the daily recaps, that would be too much. I was thinking more of your posts on charts every Sunday, would it too much to ask to also include any option flow together with the chart? Or do you already do that if there was any option flow captured on your database?
it just depends what Im trying to do. If I wanna attack a name short term then the short timeframes matter more. Longer term trade, I'm looking for longer term relevant metrics. Mainly though you want to see strength over moving averages, not below.
Appreciate the break down on PYPL, not for the ticker, but for the insight into your thought process around the chart and market machinery. Love your work man, thanks.
Hi James, hope you’re well. What do you think about BABAs chart in the context of the good option flow recently ? Appreciate this holistic method you use
Well the flows and chart are aligned, but China stocks have been awful for so long and frankly are horrible to mess with. There always seems to be some negative catalyst
Hi James, thanks much for these. I just wanna ask - when you post these charts, do you also look at the option flow to supplement the chart data and post them together if available? I've found this combination to be quite informative generally. Just an example - the weekend post on 5/29 highlighting strong charts included both option flow and charts of PSTG, and made me watch it closely - the stock has shot up more than 20% in the week after.
I don’t on these daily recaps because I just don’t have the time to do all that. I just try to provide you all with all the data in the best manner possible but in general yes it requires more work from you all looking at charts as well. I’m glad that trade worked out. I try to post the best setups every Sunday based on scan I run
Yeah no I definitely didnt mean it on the daily recaps, that would be too much. I was thinking more of your posts on charts every Sunday, would it too much to ask to also include any option flow together with the chart? Or do you already do that if there was any option flow captured on your database?
I can do it, no problem I will include it.
Thank you James!
I understand better now how I could interpret the charts and what to look for in them. Thank you for writing this, James.
Im glad to hear jillian, but if you ever have questions dont hesitate to message me, i always reply.
James, this is great. Appreciate everything. A few questions:
1) When you're looking at long term charts (1 year+), are you looking at the 200 WMA, SMA or EMA? Daily or weekly?
2) For shorter terms, I know you like the 8 or 10 EMA. What time frame do you typically look at? Daily or weekly?
it just depends what Im trying to do. If I wanna attack a name short term then the short timeframes matter more. Longer term trade, I'm looking for longer term relevant metrics. Mainly though you want to see strength over moving averages, not below.
Any preference on EMA vs WMA or SMA and daily vs weekly?
For daily ema and for weekly sma
I usually like the safety of the healthcare stocks but PFE looks like it is near flagging on the weekly
I will say it’s below the 200 week. I do not like that but the mace is crossing green or close and it’s over the 8 week. So some good, some bad
Appreciate the break down on PYPL, not for the ticker, but for the insight into your thought process around the chart and market machinery. Love your work man, thanks.
Thanks, I just want to explain clearly to everyone the process involved, so you all can make decisions on your own in other trades as you see them.
Hi James, hope you’re well. What do you think about BABAs chart in the context of the good option flow recently ? Appreciate this holistic method you use
Well the flows and chart are aligned, but China stocks have been awful for so long and frankly are horrible to mess with. There always seems to be some negative catalyst
Very good report this morning James. Good job. Over and out.
Thanks John