TML Trader

I'm excited to be working with @TCMLLC & tickermonkey.com to bring the TML Model Portfolio to fruition! This is a service of my passion for finding #TrueMarketLeaders, studying their big moves, capturing the move while applying a set of rules, (1/3)

$HNGE found support at the 50-day / 10-week SMA as it pulled back for a third week following 8 consecutive up weeks. It formed a high, tight flag-ish pattern (91.50 standard pivot, pole length: 75.12% in 8 weeks, flag depth: -22%).  EPS on Tuesday, 8/4, AMC.

$LQDA pulled back to test the 82.96 pivot of its high, tight flag after breaking out two weeks ago.  EPS on 8/12, BMO.

$NUE rallied near the 250.90 pivot of a new cup base. See if it forms a handle.

$NTAP cleared the 176.97 marked high / early pivot of a developing cup base following an earlier Monster Gap.  It formed a cup base (192.83 standard pivot).  See if it forms a handle.

$DDOG shook out at the 50-day / 10-week SMA then reversed higher for the week. It found resistance at the 276.70 pivot of its cup with handle on Friday. EPS on 8/6, BMO.

$VIK marginally traded at an all-time high on an early attempt to break out, but reversed lower. Flat base continued to shape up (105.76 standard pivot).

$DELL undercut then reclaimed the 10-week/50-day SMA.  It has been consolidating in a 9-week long base  (469.47 standard pivot). Charts courtesy of @MarketLens_ Try MarketLens free for 7 days here: marketlens.amphibiantrading.com/?via=tml Use Promo Code: TML for 10% off on the first payment.

Watch List, 8/2: $DELL $VIK $DDOG $NTAP $NUE $LQDA $HNGE Check out the TML Model at tickermonkey.com/tml

Weekend Review, 8/2: 0% to 20% Exposure Nasdaq and Nasdaq 100 hit new correction lows on Wednesday, Depths from June highs: Nasdaq -10.17% QQQ -11.69% Thursday's snapback rally marked Day 1 of a new rally attempt for the Nasdaq. S&P 500 reclaimed the 50-day SMA. $QQQ $SPY $IWM Charts courtesy of @tradingview

$DELL rebounded from the 50-day SMA, then reclaimed the 21-day EMA as it shaped up an 8-week long base (469.47 standard pivot).

$DDOG pulled back to test the 10-week line as it shook out from an earlier wedging 3-weeks tight pattern. It formed a new cup with handle (276.70 standard pivot).

$SNOW found support at the 21-day EMA as it formed the right side of a new cup base (284.99 standard pivot). See if it forms a handle.

$AVT reclaimed the 10-week/50-day SMA, the 21-day EMA and the high from the prior 3 weeks. It may be working on the right side of a new cup base (95.36 standard pivot, 93.37 early pivot). It had a strong prior uptrend with 10 consecutive up weeks. See if it forms a handle.  EPS on 8/5, BMO.

$VIK reclaimed the 21-day EMA and cleared the 100 Century Mark and last week's high. It has been consolidating in a shallow range in the last four weeks. See if it completes a flat base (105.76 standard pivot) next week.

$LQDA broke out of a high, tight flag (82.96 standard pivot, pole length: 109.49% in 8 weeks, flag depth: -16.0% in 10 days) on heavy volume.

$LLY reclaimed the 21-day EMA and the 1183 shelf / high handle pivot. Weekly chart showed an undercut and reclaim of the 10-week line. It closed with a 3-weeks tight pattern (1249.45 standard pivot), just below last week's high and the 1200 Century Mark.  EPS on 8/5, BMO. Charts courtesy of @MarketLens_

Watch List, 7/26: $LLY $LQDA $VIK $AVT $SNOW $DDOG $DELL Check out the TML Model at tickermonkey.com/tml

Weekend Review, 7/26: 0% to 20% Exposure Nasdaq, QQQ, QQQE and S&P 500 remained below their 50-day SMA. Distribution Days: Nasdaq - 8, S&P 500 - 5 $QQQ $QQQE $SPY Charts courtesy of @tradingview

$LLY reclaimed the 21-day EMA on Thursday and Friday after two closes below this moving average on Tuesday and Wednesday.  Weekly chart showed support at the 10-week line, just above the 1134 pivot of a larger base.

$DDOG found support at the 21-day EMA as it formed a 7-week cup base (278.70 standard pivot).  Weekly chart showed a wedging 3-weeks tight pattern.