Hi Pete,

MGA

Consumer cyclical- autoparts

Markets neutral. Bullish sector, bullish max industry group. Stock shows bullish order in M/W/D times frames with a pause on the weekly and daily charts. Bullish well-bid candle on the daily closing at resistance. Trade entry beyond this resistance. Next level of resistance at 82 so has some decent room…

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Hi Pete,

UPS

Markets neutral.

Bullish max sector, industry group and stock. Bullish stacked order flow on the monthly. In a pull back/pause on the weekly and daily with an inside candle in both time frames. Recent moves of $10-14. ATR=2.79. MAs in harmony and sloping downward. Price is below 10 day MA which is sloping down, but ths has been a…

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Hi Pete,

Markets: Lower volume pauses across SPY, QQQ, and DIA. Indecision in SPY and QQQ. Markets overall neutral. Waiting to see how markets react to this mornings PCE data this morning before putting on trades.

WFRD

Bullish max Sector, Industry group and stock. Bullish order flow in M/D/W times frames. Has stayed above Feb 4th EGOP. In a 9…

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Hi Pete,

I’ve been reflecting on your advice about spending more time on game planning and seeking out less obvious opportunities. I was wondering if you were suggesting that I should look beyond the typical easy scans and MVC for opportunities?

I’ve been running my own scans and comparing the results with those from easy scans, then selecting…

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Good morning Pete,

Markets neutral.

PM

Bullish plus sector and industry group, and bullish max stock. Bullish order flow in M/W/D time frames. Currently sitting at a major resistance level. If stock can meaningfully break resistance, it could run a lot higher with money rotating into consumer defensives.

Price targets have also been…

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Hi Pete,

Looking at LRN.

Markets neutral. Bullish plus sector, bullish industry group, bullish max stock. Starting to establish bullish order flow on the monthly and weekly. Bullish accumulation on the daily chart since October.

Holding above January 27^th EGOP. Volume decreasing into the 8 day pause. MAs in harmony and…

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Good Morning Pete,

Markets in disharmony. SPY neutral, QQQ bearish and DIA bullish. Saw VIX above 20 more often last week than we have in a while with large open/close spreads.

Looking at CF. Bullish max sector, industry group and stock. MAs in harmony and sloping upward. Sitting on the 10 SMA with an inside day. Resistance at 98.96 and…

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Hi Pete,

Markets neutral and trading sideways. Fed interest rate decision on wed. Expectation is no change but increase or decrease could cause volatility.

FCX: Bullish max sector, industry group and stock. Strong on the M/W/D. Currently in a 7 day pause with an inside day candle Friday. There is heavier volume on the pause which is not ideal,…

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Hi Pete,

I want to make sure I am understanding risk when looking at ATM. If the amount I am risking is equal to the ATM, then I am at a 1:1 risk reward scenario which is not great because we are looking for a 1:3 risk reward?

We could still take a trade at 1:1, but smaller position size? Best care scenario is the difference between our entry…

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Hi Pete,

Market: Gap up on the SPY, QQQ, and DIA all closing above the 20 MA as market recovers from news cycle and inflation numbers in line with estimates. SPY and QQQ neutral. DIA bullish.

CRML bullish max sector, industry group and stock. Strong in the m/w/d time frames. Currently in a four-day heavier volume pause with a 20% gain…

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