Once again

NVDA today, it was bound to happen, that is why I always encourage investors to use Stops. Not using them isn’t bravado, it’s plain stoopid. They are called Stops for a reason. And anytime that you are in a position and it moves up, you move your Stops up incrementally to match the price increase. I’ve always said pullbacks are healthy, and they are, until pullbacks are overtaken by short sellers and a stock then has a major reversal, many times it’s too late to know until you know.

The 4 hour chart is a chart that I use in day trading and swing trading both. Each green bar that you see represents a 4 hour time period. NVDA never sank down to Support which is good for us. A “J-Hook” pattern tomorrow would be more than welcomed should one occur. It’s up slightly after hours and looks to be trying to form one. Trying and succeeding are two totally different things.

Going back to May 29, 2024 I wrote a post titled “How’s your dog” In it I spoke about the rise of CHWY. A beaten down stock that was back on the rise. In the past 3 weeks since that writing CHWY is now up more than 21%. That’s after it had Gapped up 27% on that day. Not bad shootin. I mention this because we always follow strength. And once a stock proves itself like CHWY did then those are the kind of trends we want to ride.

Finally HES is one that made my scan last night. It closed up 2.66% on the day today. I’m watching to see if it holds for a reversal north here.

Invest wisely, live charitably and be well

Brother Bill