Today in Focus: Patience & Delayed Reactions

Trading Services I Use in my Trading:

StockAnalysis.com - I’ve been using Stock Analysis as an affordable but reliable method of looking at New and Upcoming IPOs, Earnings Calendars and most notably KPIs (Key Performance Indicators). Stock Analysis allows you to view the KPIs for many companies with up to date metrics and segments that you can cross reference against Earnings Results. This is incredibly important when understanding what metrics move a stock. At $65 per year it’s a no brainer. They’ve given me a discount code if you use IRISHBORNINVESTOR they will give you another 10% Off.

Market Condition: Market above all MAs. T2106 Overheated (Still)

Commentary: Some nice movers yesterday but the Risk Reward to new swing positions gets more difficult each day here. SO many stocks showing multi day gap ups and well past any reasonable buy points.

Still not seeing major catalysts. BIRD was amazing yesterday and that may tell us the direction we’re going here. I’d prefer to see sustainable moves even though these one day wonders can be great they usually are short lived periods where they work. I like some delayed reaction setups today. RKLB, CCJ, PL. These are hot themes and potential leading themes in a risk on market. Happy to not take on any more overnight risk as I’m fully invested here.

NFLX earnings tonight will be important and may set the tone for Tech earnings and reactions for this season.

Current Positions: DELL, SWBI, TH, NVDA, RVMD, CRCL, BE, HOOD

Delayed Reaction Watchlist (TradingView Link)

_{Note: This is my methodology for identifying stocks in play. There are many valid approaches to trading catalysts—find the setups, timeframes, and risk parameters that align with your strategy.}