Good morning Pete,

IRM – Short

Real Estate has been bottom for past two months.

IRM has been bearish for past two months with sideway action during holiday. Currently in two-day pause with bullish activity but lower highs and lower lows and with below-average volume.

Moving averages are in bearish harmony.

Currently sitting at support around…

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Good morning Pete,

<div>GGAL</div>

Financial sector slightly bullish for day/week, bearish for month. GGAL mostly bullish for past year, faster growth since Aug. Currently in 3-day pause at ATH on slightly below-average volume.

Recent moves 8-10. Risking 3 for reward 9.

Entry: 73.62 / Stop: 69.28 / Add: 80.1 / IPT 86.64 / ATR: 3.24

Good morning Pete,

<div>EAT</div>

Consumer Cyclical near bottom for D / W. Third highest (but still bearish) for M. #EAT has been bullish for past year. Current run since Oct without hitting profit maximizer stop.

Recent moves 11-12. Currently near ATH, slight resistance at 142.5.

Currently in 2-day pause on average volume. Waiting for good…

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Good evening Pete,

I have a question about chart reading, primarily regarding a pause or pullback and how to interpret melted green candles during a pause.

A good example is recent activity with ALAB. A pause started on 16 Dec, followed by a melted green candle which closed near the open, then another red candle on 18 Dec. A similar pattern…

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Good morning Pete,

AS

Consumer Cyclical top for day, bottom for week. Even so, AS has been bullish since Aug 2024, green last 6 months, green week, green past two days.

Recent moves around 5, current move just under 3, so definitely not a great entry (better entry was 27.90 on Thursday). Looking at this as a two-part trade. Risking 1.35 for…

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Good morning,

JEF

Capital Markets is not doing well overall, but JEF is one of three stocks which has been in steady bullish trend for past 6 months (others are GS and IBKR).

Currently trading in box between 74.25 and 82.30 for past month. 82.30 is also ATH. Last week’s move was $6 and has paused for 4 days. It’s too close to resistance to be…

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Good morning Pete,

I haven’t found anything I consider to be a great trade, probably due to the end of year activity. I’m choosing to wait for a day or two. Some I’m actively watching are Restaurants and Computer Hardware, both groups for shorts.

Computer Hardware – STX and WDC.

Both have been declining, short pause/pullback on lower volume. …

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Good evening Pete,

This morning on the game plan you briefly mentioned trading BA today because it had dropped $9 at one point. The 5-min charts show it would have been a good day trade. I was looking at it as a long-term swing trade option (more than one month) and was not sure exactly where the entry point should be based on today’s…

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Good morning,

YPF

Energy sector near bottom for month and year, but YPF has been mostly bullish for two years. It’s gone from 3.50 in Aug 2022 to 42.79 today.

News: Argentina’s LNG industry estimated at $50 billion, Shell just partnered with YPF to build LNG processing plant. YPF recently signed agreement with India to supply LNG.

Currently…

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Good morning Pete,

CRH

Building materials at or near bottom for past 3 months, but CRH has shown steady growth since July. High-volume pullback last Monday, then 5-day pause on below-average volume. Yesterday was green inside candle, finishing near bottom, also on below-average volume.

Recent moves 5-6. Risk is 2, reward:risk is 3:1.

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