Foster

$MAGS save the day today

$DDOG It took off without me this morning, and then reversed and back red. Just shows you the type of market we’re in. Breakout buying is punished

Earnings next Thursday, but if $DDOG gives a spot today might take a stab

@NickDrendel We can hope, because I see a lot of other software names trying to move into a stage 2 uptrend

$MSFT - Gapping through the 200SMA on earnings is a great reaction. I'm not super excited about trading MSFT itself, but this move (and if $ORCL can bottom) can help lift the sentiment in the software group so the leaders can trend easier. Again, today's just one day, but IF the market can put in a bottom and start to build higher software is acting like one of the best growth themes out there.

Some decent capitulation volume on the semis and the violence of some of these moves make me think it could be in, but the lack of setups in growth makes me question what’s gonna lead us higher? Are we gonna V shape back to highs? I think unlikely, which makes me guess the choppy action will continue. Nothing for me to do until charts start setting up with tighter areas to manage risk

Is the bottom in? Yes or no 👇🏻

@PrimeTrading_ Back to 150% margin???

One green day should get everyone bulled up again :)

@TravisBiziorek Looking like a bunch are setting up to enter stage 2. $MSFT earnings could be the spark, if it can stick

The more scanning I do, the more I become convinced that Software is going to be the next major theme. So many names looking extremely constructive.

Can $MSFT earnings spark the rest of the $IGV outside of cybersecurity and give us some tradable setups?

$DRAM $SOXX $SNDK $MU Getting there

$SNDK This is what the denial stage of the cycle looks like

$SOXX $DRAM $SNDK $MU Maybe the start of the capitulation move?

@n_bancroft2 🤣🤣

Let me guess, you’ll ignore this one and post some dipshit comment on another one.

Daily Review - Another easy sit out day as we get a Monday morning gap up and fade. - Still hoping to see that flush out in price, breadth, sentiment. - More leaders succumbing to weakness each day and continues to feel like a leaders get shot last scenario. - So important to sit out and to save yourself for better times, it will be worth it! - Lots of big earnings this week as well as FOMC so don't see volatility dying down soon. - Patience. Better times will come. open.substack.com/pub/nathanbanc…

@n_bancroft2 Man it looks like they might stair step it down with some oversold rallies. Hope I’m wrong and we get a flush

$QQQ 3 out of the last 4 days it looked like they might sell it off and close it ugly just to see it bought up off lows. Ideally still looking for that flush, ugly close and gap down but see what happens. Maybe that's what everyone is looking for?!

@801010athlete Jay, take a look at some of the old infrastructure leaders $STRL, $POWL, $MTZ. Straight off a cliff

Your fundamental thesis doesn’t matter right now. The market is smarter than all of us and is a forward looking indicator. The stocks that went up a 1000% and have incredible future earnings went up based on these future earnings. The charts tell you all you need to know, some people are realizing this the hard way.

I took a look at some of the former infrastructure leaders $STRL $MOD $POWL $MTZ and wow… right off the cliff. These moves are the type where it’ll take a long time (if ever) to go back to highs

@i_managed_risk Nice trade

Man, what a dream come true, hope my wife doesnt see my screen, we just got back from bodrum, dont wanna take another flight out .. hate flying. (shes 2 feet away from me on the couch) $SNDK $SNDQ Shitting itself and now under the 150ema. can we get to 200SMA?

$DELL The last liquid leader getting taken out today

$SOXX $DRAM $MU $SNDK Losing some more here, but remember, there will be oversold rallies. If that’s your style, may have some opportunity soon. If not, sitting in cash is an option.