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biffgreebles.bsky.social
šŸ“ˆšŸ“‰ You draw diagonal lines on charts. I draw horizontal lines. We are not the same.
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AbbVie new all time highs $ABBV

McKesson new all time highs $MCK

$CVS is at an interesting level. Did you know its the top performer in the $SPX so far this year?

Mercado Libre $MELI breakout

$AXON defended at the gap today... intriguing

$TWLO Twilio finding resistance at a significant resistance level. Shocking. On a fundamental level I have no idea why a company reliant on sending text messages through telecom APIs has been rallying at all.

S&P 500 is back at the all time high while 6 of the mag 7 are not. Looks like its gonna set a new record without them. $SPX

$CRH weekly

Dutch Bros $BROS (zoomer coffee)

$BABA

Homebuilders. Lennar and DR Horton shorts are paying off. Pulte has a choppy area above 100 to work through that might support it better while the others burn down. $LEN $DHI $PHM

$INSM Insmed has been consolidating in a tight range for 7 months. The little shakeout a month ago is often a sign of an impending breakout, watching this one closely now. PDUFA action target date set for August 12

Health care is strong so far in 2025. Regeneron $REGN was a great short for awhile but looks like its finally bottomed around $660, which was also its 2020 peak.

AI power stocks GE Vernova, Vistra, and Constellation all started grinding their way back into the deekseek gaps. I won't touch them until they break out, either up or down. Between the tariff tantrum and lots of March puts bought on Friday Iā€™m guessing all break down $GEV $VST $CEG

The market has decided to care about the tariffs we all knew were coming. Most of January I've been closing out positions from last year. New positions have been small with tight stops that will probably all trigger tomorrow. Gold is the only standout despite the strong $, I own it through $PHYS

Software stocks had a wild ride yesterday. Opening bigly down, swinging to bigly up, then closing up a bit = indecision. No indecision today just buying. I use the $WCLD etf to look at the whole sector, its full of beautiful charts like $NET $HUBS $TWLO $SNOW $CRWD $NOW $SHOP gotta own em all

The market told us last summer that the AI vibes were moving away from semiconductors $SMH and into software $IGV. Yesterday was just more confirmation as the data center infrastructure stocks got hit with a deepseeking missile. This ratio was ~1.4 through the 2010s, it could fall back there

$C Citigroup is back at 80 where its been rejected 3 times before in the last 7 years because it was a shit bank. Maybe this time is different, I'm in as long as it holds 80. Now we'll probably hear about a new dumb scandal that sends it back to 40. Maybe they helped Deepseek buy nvda chips šŸ¤·ā€ā™‚ļø

John Deere $DE went sideways for 4 years, unable to breach $450. It didn't even react positively to the election. Earnings finally sent it to new all time highs, after some digestion it looks like its breaking out for real this time. Clean stop at the post report highs

Planet Fitness is cashing in on all those new years resolutions. Nice little high tight flag just above its 2021 highs here. Didn't like the way it closed last week though, want to see it rip this week or it comes off the watchlist $PLNT

Another nat gas producer making new weekly closing alltime highs Expand Energy $EXE

Very encouraging action in $XLI so far this week. Also $SPX filled the election gap yesterday morning and then rallied all day long. It made a lower low than 12/18-12/20 while the $VIX made a lower high. I took that as a green light and bought a lot. Bank earnings start tomorrow lets see how it goes

During my year end analysis I found midstream gas companies had bucked the sideways trend in energy and outperformed both $XLE and $SPY. They pulled back in December and then turned up again. I'm buying them when they jump their VWAPs from the highs $EQT $KMI $WMB $TRGP

One of the most important sectors to the economy rolled over and died in December. Industrials are below where they were before the election, but have stopped going down so far this year. I think the next move in $XLI is very telling about the overall direction of the markets this year.

Homebuilders are crashing out. They were one of the few sectors down in reaction to the Trumplection and have gotten even worse since. The $ITB 200 day is now downward sloped. I am still holding longer dated puts in $DHI and $PHM but took some profits on Friday in case rates bounce.

$IGV Software has been a laggard this entire bull cycle, finally breaking out above its 2021 highs in October even though the broader tech sector did it over a year earlier. A nice breakout post election faded completely. It needs to defend here or I think it sinks back to the 2021 level.

While everybody is still watching $NVDA, here are 3 stocks that outperformed it over the last 6 months and shrugged off the December jitters to make new time highs this week: $GEV $ANET $JEF (just reported, lets see if it continues tomorrow)

The market is rough underneath the surface. I've sized down my positions and am holding a lot of cash but there are some setups I still like. Here's Howmet $HWM which set a new high in December, pulled back, and jumped the vwap from the high (white) and 50 dma (blue)

$HON Bullish options flow continues in Honeywell today as they consider plans to break up.

Everybody hates United Health $UNH Hate doesn't usually pay, but shorting this below $550 should

$GOOGL chart belongs in a textbook. Breakout, retrace, new breakout. And all because Google now has a quantum multiverse computer that can crack Satoshi's wallet and take all the bitcoin.

United Rentals $URI is not behaving well. Gapped down below its 50 day on volume completely filling the pre-election gap, underperforming the industrials sector over the same time. Bounced around the 780 level today, I'd cut it loose if it can't hold that level.

Junky fintech was one of the best/easiest post election trades. Square $SQ is running up against resistance here around the 23.6% retracement level, which is also right around its 2018 highs. I was long calls, sold them today.

Perfectly cromulent level to expect some selling resistance for now in #bitcoin #btc

$GVA small cap nobody has heard of with a 17 year base breakout, now doing the šŸ’Æ roll

$CRM Dow member Salesforce looks strong above its 2021 highs at 310. It reports next Tuesday

$TEAM held up well today despite broader software weakness after $WDAY report. Clean setup with a stop ~255 where it failed in February at the Fib retracement level

$KBE Checkout the banks, 18 year cup + handle looks ready to pop