David Yocum (@yocumscharting) 's Twitter Profile
David Yocum

@yocumscharting

Charts | Swing Trading | Not financial advice.

ID: 1142250314185285632

calendar_today22-06-2019 01:57:51

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David Yocum (@yocumscharting) 's Twitter Profile Photo

Popular amongst the fintwit crowd, $UBER is back to the scene of the crime from a relative perspective. Major base, or overextended? I side with the price action, for now.

Popular amongst the fintwit crowd, $UBER is back to the scene of the crime from a relative perspective.  

Major base, or overextended?  I side with the price action, for now.
David Yocum (@yocumscharting) 's Twitter Profile Photo

$JBL The whales from the original post are now at their breakeven. The Jan '26 220c play appears to still be open with 1,030 contracts still open. 4.50 a contract ($450,000 in premium) now marked at 27.30 ($2,730,000). Good on them.

$JBL The whales from the original post are now at their breakeven.

The Jan '26 220c play appears to still be open with 1,030 contracts still open.

4.50 a contract ($450,000 in premium) now marked at 27.30 ($2,730,000).

Good on them.
David Yocum (@yocumscharting) 's Twitter Profile Photo

$RDNT The quarterly chart sets the stage by showing it's historical outperformance vs. the S&P but the daily chart is what makes this chart so intriguing. Quarterly and Daily:

$RDNT

The quarterly chart sets the stage by showing it's historical outperformance vs. the S&P but the daily chart is what makes this chart so intriguing.

Quarterly and Daily:
David Yocum (@yocumscharting) 's Twitter Profile Photo

Bitcoin's hogging the headlines, but $IWM is doing something special.. Following through the 61.8%, 200-day, and finally shaking off months of underperformance relative to the S&P.

Bitcoin's hogging the headlines, but $IWM is doing something special..

Following through the 61.8%, 200-day, and finally shaking off months of underperformance relative to the S&P.
David Yocum (@yocumscharting) 's Twitter Profile Photo

If you bought $QQQ on closing above the 200 day SMA, we are tracking eerily similar to historical returns as seen projected below:

If you bought $QQQ on closing above the 200 day SMA, we are tracking eerily similar to historical returns as seen projected below:
David Yocum (@yocumscharting) 's Twitter Profile Photo

Below shows every $QQQ move after crossing the 200-day moving average since 2000. 17 rallies have gone on longer - 9 were trading higher than this one at this point in their cycle, with a median of 163 more trading days above the 200-day. This is standard bull market behavior.

Below shows every $QQQ move after crossing the 200-day moving average since 2000.

17 rallies have gone on longer - 9 were trading higher than this one at this point in their cycle, with a median of 163 more trading days above the 200-day.

This is standard bull market behavior.
David Yocum (@yocumscharting) 's Twitter Profile Photo

Over the past few weeks, I took an extended vacation and transitioned into a new role at work, which led to fewer posts. Unfortunately, my portfolios performance has been rough this past month as my YTD alpha dwindled with a couple of poor earnings reports being topped off by