JoelTCampbellJr

JoelTCampbellJr

NYSE:HWM Howmet Aerospace holds a lot of potential. They manufacture components for jet engines, fasteners, and titanium structures for aerospace applications, and forge aluminum wheels for heavy trucks. Aluminum products are an excellent choice to help achieve higher energy efficiencies due to their lighter weight. Just to give you an example, aluminum alloy...

JoelTCampbellJr

The earnings gap strength displayed in NYSE:HWM is very impressive. I expect this one to be a market leader.

JoelTCampbellJr

NASDAQ:SMCI is an A+ setup I entered into this morning. These are the kind of setups I need to sit on my hands more often and wait for. Stop taking stabs at lower quality stuff. Reports great earnings. Gets tight then boom breakout on rVOL. I noticed the delayed earnings reaction this morning. The rVOL was outpacing the market and the relative strength it...

JoelTCampbellJr

Pre-Market Plan - Friday May 10th, 2024 Market Direction Its hard not to be bullish anymore. Breadth INDEX:S5FI 🟢1YR 🔴5YR INDEX:R2FI 🟢1YR 🟢5YR TVC:VIX (Inverted) 🟢1YR 🟢5YR TA AMEX:SPY 🟢Above the 50D 🟢3 Green Closes TVC:VIX 🟡Steep Decline and has gotten very low. Careful NASDAQ:TLT 🟢 Looks Bullish (Not my expertise) Oil and Copper TVC:USOIL 🟢Cup...

JoelTCampbellJr

I will not be surprised to see NASDAQ:TSLA trade at $100 this year. Looks extremely overbought here and I want to participate.

JoelTCampbellJr

Classic Darvas breakout and a reliable repeating pattern. Looks great!

JoelTCampbellJr

🟡Breadth - Stocks Above 50 Day 🔴 AMEX:SPY Red Light 🟢 AMEX:IWM Green Light 🟢 TVC:VIX Green Light 🔴Leaders NASDAQ:NVDA NASDAQ:SMCI NYSE:CPNG They are not leading but it's also feeling like there might be a changing of the guard or at least some of the guards? (New Leaders Emerge) 🟡Risk Appetite 🟢 NASDAQ:TSLA NASDAQ:DJT ...

JoelTCampbellJr

Not that I feel super bullish but market breadth and market leaders NASDAQ:NVDA NASDAQ:SMCI NYSE:CPNG all pointing in that direction. I suppose it's a shut up and play the setup moment for me NASDAQ:PAYS held up well during all this mess. She got high and tight and has the fundamental fuel to move it.

JoelTCampbellJr

I been waiting a long time to start a position in this one. Not very many megacaps end up on my list. I scan for fundamentals then look at TA for entries. The numbers really set this one apart. ROE +89.52% EPS Diluted Growth QoQ +780.12% EPS Diluted Growth Quarterly YoY +1824.54% EPS Diluted Growth TTM YoY +8305.52% Revenue Growth QoQ +22.28% Revenue Growth...

JoelTCampbellJr

While the market leaders are indicating risk on measures are still in place there is some good news in market breadth using 10 Day MAs. AMEX:SPY Stocks Above 50 Day - Flipping Green AMEX:IWM Stocks Above 50 Day - Flipping Green TVC:VIX Inverted - Flipping Green

JoelTCampbellJr

NASDAQ:AMD is trading at a PE multiple of 296. Their CEO has done a very good job building confidence in the company but unfortunately the euphoria is over. The numbers don't jive and the market is starting to come to grips. Time for a reset of expectations. The Psychological Pitfalls of a Market Cycle at its finest

JoelTCampbellJr

According To Elliot Wave Theory Wave iii typically is an extended wave. This means on a smaller scale (Since Waves exists within waves) starting at the ii we just completed 1 wave and will build the extension for another wave to run to the top of the iii.

JoelTCampbellJr

Small Cap Stocks AMEX:SPSM AMEX:IWM are ready to make some big moves. Take a look at this chart AMEX:XLG Mega Cap and the AMEX:SPY The S&P 500 have both broke near term resistance an imply a move upwards. AMEX:SPMD Mid Cap and AMEX:SPSM AMEX:IWM Small Cap stocks should follow. Lead Lag.

JoelTCampbellJr

In these charts I show support and resistance levels for Mega Cap AMEX:XLG , S&P 500 AMEX:SPY , Mid Cap EGX:SPMD and Small Cap Stocks AMEX:SPSM . If the saying is true that some tides rise all waters we see that Mega Cap is leading the way and soon to follow should be the rest of the crew. This is what I am watching for in the markets today. If Mega...

JoelTCampbellJr

My humble thoughts on this phase of the elliot wave zig zag portion. If we break below C then this will be the last leg down and not much further to go. That would complete the ideal ABC zig zag structure. If we instead push up to D then we either completed the ABC with a flat bottom or we move on the the rarer ABCDE zig zag. This ABCDE zig zag would coorelate...

JoelTCampbellJr

I believe we are experiencing a correction wave A B C movement and if we see the double bottom I drew then we can call that about halfway with our full correction wave. I am leaning on the side of a full 10% correction and we are only nearing 5% at this point. The next 2 days are very meaningful.

JoelTCampbellJr

GE General Electric looks bullish with this continuation pattern. We can see a 2 falling wedges within a falling wedge. Check out my Youtube Page for more details on the markets I covered GE recently in a video. The fundamentals look pretty solid as well this one should do well short and long term.

JoelTCampbellJr

Ethereum is facing strong resistance between $1200 - $1233. I expect it to trade sideways a bit until it breaks out to retest its recent high of $1350. A retest of $1350 should push it to and above its ATH (All time high) quickly since institutions seem to be running out of ETH. Happy Trading!!