Good morning Pete,

ED

Sector: Utilities Industry: Electric

Utilities was the only sector which finished up on Friday, and Electric had best performance in that sector.

M, W are green, bullish since Jan 2025. Daily shows six-day pause with below-average volume. The last four days had higher highs and higher lows; the last two days had…

Read more

Good morning Pete,

RKLB

Sector: Industrials – month red, week green, daily green

Industry: Aerospace and Defense – most flat or slight increase for day / week, down for month

RKLB was flat from mid-Jan – mid-Feb, bearish for past 3 weeks. Broke bearish action last week, crossed SMA10 Friday, looks like it may cross SMA20 today. Past 5 days…

Read more

Good morning Pete,

WPM

Sector: Basic Materials (#1 for week, day)

Bullish since mid-January. Currently sitting at moderate resistance – high or close was 71 five times in past 10 days. Looking for WPM to get above 71, which is also ATH.

Volume is mostly average with no consistently lower volume during the brief pauses.

Earnings is…

Read more

Good morning,

YPF (short)

I was looking at this as a long about two months ago, but we are now five weeks into bearish price action.

Energy sector is neutral.

Bearish for past 5 weeks on higher volume, pauses have been lower volume. Current 2-day pause on lower volume.

Next earnings report 06 Mar.

Slight support at 29.30, strong support at…

Read more

Good morning Pete,

<div>AEM</div>

M/W green, has been bullish for past 7 weeks. Currently sitting at ATH for the past 3 days. Looks like 2-day pause – even though Thursday was a green candle, the bodies of Thu and Fri candles are about equal, as is the volume. Double average volume on Wednesday. Moving averages are in harmony.

Since it’s…

Read more

Good morning Pete,

GLW

Technology sector has been average at best recently, but GLW has been bullish for past 16 months. It has had above-average volume for the past 12 days.

Earnings report was 29 Jan pre-market and GLW beat estimates, but had a $6 pullback on high volume. It looks to me that there was a gap up after earnings that failed to…

Read more

Good morning Pete,

RDW

Aerospace & Defense industry doing very well after president’s announcement about space travel last week.

Bullish since Nov. Moving averages in harmony. Paused for last four days – even though 3 of the 4 were green candles, the candle bodies were approximately the same. All four days were indecision, but holding the…

Read more

Good morning Pete,

Today’s game plan – sit on my hands and manage existing trades.

Went long with URBN and PSTG yesterday. Both did well and are within $1 of add shares price. EAT is almost at IPT. My goal is to keep the stop losses tight so I don’t give the gains away.

I’ve been watching RKLB for the past month. It’s finally out of the box…

Read more

Good morning Pete,

I’m revisiting some of my recent trades to see if they look attractive.

#URBN

This has been doing well overall for the past 2.5 years. I had this trade from 12 Dec – 06 Jan, getting out before it started to pull back. It’s pulled back for past two weeks on slightly higher than average volume.

Friday had a green candle on…

Read more

Good morning Pete,

PM – short

Bullish trend broke in Sep, currently bearish for the past month.

SMAs not in harmony yet – SMA20 is below SMA50 and SMA200, and it looks like SMA50 will cross below SMA200 late this week or early next week.

News: Barclays lowered target price from 155 to 145. Benzinga reports short percent of float has risen…

Read more