$BBVA Banco Frances SA(BBAR)$$Grupo Financiero Galicia SA(GGAL)$$Grupo Supervielle SA(SUPV)$ — Strongest intraday-moving group $Global X MSCI Argentina ETF(ARGT)$ Following another session of consolidation with clear VARS despite the broader market sell-off, Argentine banks broke out of their tight, spring-coil consolidation and closed at the highs of the day. I also share my ideas with my subscribers on a daily basis using a structured, top-down process that narrows the market into focused setups and a refined watchlist. It’s a condensed view of my daily 3-hour workflow, distilled into a short, practical reference. Yo
$American Eagle Outfitters(AEO)$ Haven't commented on any single stock for a while now. AEO is looking "interesting". (Hat tip @RealSimpleAriel for spotting the idea)Remember:- Apparel is hot. They are one of the leading sectors at the moment. Maybe it's a Christmas thing. Retail reported generally very upbeat stats recently.- The entire group is in a strong UP TREND- AEO is one of the leaders in that groupHowever:- Some of them, eg AEO are super extended now. $ANF too, maybe $VSCO . AEO is almost 12x its ATR from its 50SMA, whilst 10X is already very extended (another great tip from @jfsrev ). - Extended does NOT mean it must correct. Markets and stocks can stay overbought for a very long time. However, the risk reward for a short is looking very
Four-Day Selloff, But Relative Strength Tells a Different Story
Relative Strength Emerging Across Pockets of the Market During the Four-Day Selloff4 straight days of sustained weakness, wiping out 13 days of index gains since the post-market breadth exercise I shared below, posted ahead of the first red day where I clearly flagged the need for caution. This is a simple exercise anyone could apply, as it’s ultimately a function of short-term breadth extension—levels where the market has historically shown a strong tendency to retrace once breadth becomes this stretched.The latest session was largely news-driven imho, with mega-cap tech in $Technology Select Sector SPDR Fund(XLK)$ and $Vanguard Mega Cap Growth ETF(MGK)$ pressured after reports that funding for
I trimmed $COHERENT(COHR)$ twice.The first trim was at the target price of $168.12, based on an RR1:3.The second trim was at $200.00, based on ATR% from the 50SMA. Jeff’s ATR% from the 50SMA is essential.Even if the price falls below the 21EMA Low, this trade is already locked in as a winner. You need a trading system that consistently works in your favor.In trading, the priorities are clear:risk management first, market conditions second, and relative strength and chart structure third.And my risk is defined by the 21EMA Low. For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.