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He does look at volume, as indicated at the bottom of stock charts. He's looking for confirmation of a move. If looking for a breakout, he likes moves off of the trendline, or a breakout from a consolidation.
If you get a breakout, you absolutely, definitely want to see volume. One way to do it is to just look at the volume bars. But the way he likes to do it is to look at the money flow index (MFI). It's advance/decline x volume, with the momentum indicator of relative strength index (RSI) applied to it. Really, really helpful in helping him determine overbought, oversold, and if the move is legit. You can see examples on his blog.
It was due to the Fed.
The market always builds in expectations, sometimes like a spoiled child ;) If it doesn't get not just what it wants, but more than what it wants, then it throws a little temper tantrum. So the market was priced for a perfect message, and the message wasn't absolutely perfect. There's not going to be as much softening in 2025 as hoped for.
For him, it's not the biggest issue right now. Rather, it's the overbought market.
It's moved up, and is probably entering another consolidation phase. And if it's a good company, it'll move up again. Looking at a 1-year chart, it could be breaking down a bit on daily chart. Old resistance becomes new support, so $190-200 could be the potential target for that. Overall, not a bad longer-term picture.
Just starting to break support. When it's this early into a break (a few days or a week), you have to cut it some slack. Sometimes you can get head fakes, so be careful. The old low from 2022 is a support level, and there's more support just above that.
At this point, it's hard to tell. Give it a tiny bit of time. If it doesn't recover quickly, he wouldn't want to own it.
Long-term base of support around $16-17, and seems stuck there. Just bounced off resistance. At this point, it's only a trend if there are higher highs and higher lows (or lower highs and lower lows). Until it starts one of those 2 patterns, it's in consolidation. Not showing any signs of a real trend.
The only thing you can do with a stock that's consolidating is to swing-trade it.
Long-term base of support, and seems stuck there. It's only a trend if there are higher highs and higher lows (or lower highs and lower lows). Until it starts one of those 2 patterns, it's in consolidation. Not showing any signs of a real trend.
The only thing you can do with a stock that's in a consolidation is to swing-trade it.
Not 100% correlated to the S&P, so tends to have a slightly different profile. And yet, it's a way to play the US markets on a fairly broad basis. Won't necessarily have all the downside if the market falls. In an uptrend, though it's pulled back just like everything else. Worth picking up anytime it pulls back to the trendline. No dividend.
It's one of those things you really can hold on to for a while, and he holds onto hardly anything.
(Note the short timeframe.)
Likes the longer-term chart, so continuing to look for points to leg in. His position is 2% currently. Chart's in an uptrend. Thinks market will pull back in next month or so, question is by how much.