Dave Landry

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Dave Landry

Dave Landry

@TFollowingMoron

Trader. Retail and institutional consultant on technical analysis (charts). Author of The Layman's Guide To Trading Stocks. See my website for full bio.

Katılım Mart 2009
1.1K Takip Edilen4.7K Takipçiler
Dave Landry
Dave Landry@TFollowingMoron·
$SPX approaching the No Bueno zone.
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Dave Landry
Dave Landry@TFollowingMoron·
Smoke'em if you got'em $CLMT. Number 1 on the Landry 100 today.....
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Dave Landry
Dave Landry@TFollowingMoron·
@william9in Keep in mind that the 10% line is based on the volatility of the $SPX. In stocks like DKNG, (Historical Volatility of 58 vs. $SPX wiht an HV of 14). So, your "sell line" would have to be much greater than 10%. I only use the TFM 10% in the indices.
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Willy👽
Willy👽@william9in·
@TFollowingMoron Thank you for sharing your work, Dave. Your ideas have been the backbone of my system, and I truly appreciate it! 😍🍻 My charts look a lot different now, but they are still based on the same price-from-the-50 SMA system you developed. 🫡
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Dave Landry
Dave Landry@TFollowingMoron·
Nasdaq and $QQQ are now official sells with the TFM 10% System (close below the 50-week moving average and more than 10% below the 50-week closing high).
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Dave Landry
Dave Landry@TFollowingMoron·
The $VIX is stretched, but not super stretched. A significant gap lower on Monday in the $SPX, along with a big spike in the $VIX could set up a nice intra-day bounce play. Don't be a hero, though! Wait for signs of reversal and tread lightly. The type of trades goes against my "trend following moron" mantra, but I think they are worth a shot. Don't "invest" (or in this case bet!) more than you're willing to lose.
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Starship Trade
Starship Trade@StarshipTrade·
$BYND Will it stop going down? -99.4%
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Dave Landry
Dave Landry@TFollowingMoron·
Unless we see the mother-of-all rallies between now and the close, the Nasdaq will trigger a TFM 10% sell signal.
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Dave Landry
Dave Landry@TFollowingMoron·
The Nasdaq is approaching the "No Bueno" zone (TFM 10% Sell).
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