These are my Elliott Wave set-ups for Plug & Play Stocks, Broader VSL and Global Trends ETFs, as well as, several that I am trading or investing in. Each week, I’ll cover 5-10 set-ups that catch my eye as higher potential and/or higher certainty. We’re using the intermediate term weekly charts as our primary guide, but have to mind the other time frames for clues too.
Elliott Wave is not perfect, nor is the operator, and neither is my Primary Wave Set-up. However, from a targeting perspective, I have found it to be an excellent tool. Even when I miss, I learn a lot and can adjust. I encourage you to think that way. Think in probabilities, not certainties. And, remember, mind your asset allocation by scaling in a piece at a time.
SELLS – STOPS – EXITS – BROKEN COUNTS – OVERSHOOTS
Microsoft Corporation (MSFT) SELL Update 02/25/2023
American Tower Corp (AMT) SELL Update 02/25/2023 It is accelerating!
Pfizer Inc PFE SELL Updated 02/25/2023
Digital Realty Trust Inc (DLR) SELL Updated 02/25/2023 getting heavier!
(GOOG) SELL Updated 02/25/2023. Maybe $103 then we continue lower.
(IIPR) Overshoot. Updated 02/25/2023. No change! Still looks incomplete to the downside. Maybe a double bottom???
StoneCo Ltd (STNE) Broken Count Updated 02/25/2023. Same caution, count has flipped to the downside. Primary Wave Setup with a daily trigger (1/2 size). Added a Stop at $7.32 if we closes below that we likely breakdown. For now I’m looking at this as an overshoot.
Bank of New York Mellon Corp (BK) EXIT. Updated 02/25/2023. It was a shallow count? What’s that mean? It could flush…
Plug & Play Stocks
Block Inc (SQ) Updated 02/25/2023. Primary Wave Set-up with a breakout (full position size)…after the back-test should be a nice run $95+.
Cisco Systems Inc (CSCO) Updated 02/25/2023. Raised to the STOP to $46.43
Blackstone Inc (BX) Updated 02/25/2023. Primary Wave Set-up with a 50% back-test. Next Entry Long is $83.30.
Nvidia Corp (NVDA) Updated 02/25/2023. Primary Wave Set-up with a Breakout (Full Position). Count dropped a bit so Next Entry Long is $205.16. Maybe Sell April or May $180 put here.
Jumia Tech (JIMA) Updated 02/25/2023. Primary Wave Setup with a daily trigger (1/2 size). Reset a bit lower. It back at the Primary Wave Set-up. I never like that!
Shopify Inc (SHOP) Updated 02/25/2023. Primary Wave Set-up with a breakout (full position). Next Entry Long comes in around $38.39 now a bit lower.
Stag Industrial Inc (STAG) Updated 02/25/2023. Primary Wave Set-up with a breakout (Full position size)…Next Entry Long rose a bit to $33.36 a bit lower now.
Tesla Inc. (TSLA) Updated 02/25/2023. Primary Wave Setup with a Weekly trigger (3/4 size). Were at the Next Entry Long now. It’s kind of hard chasing here if your not in it but one could sell an April $150-160 puts and book some income.
Uber Technologies Inc (UBER) Updated 02/25/2023. Full position now. Next Entry Long is around $29.46. Kind of a deep retrace~
Freeport-McMoRan Copper & Gold Inc (FCX) Updated 02/25/2023. Nice consolidation, looks solid for a run at $55. Next Entry Long dropped a bit to $38.87.
Ford Motor Company (F) Update 02/25/2023. “Still” need to watch loan loss reserve numbers that come out. Seeing signs of a headwind now.
Vici Pptys Inc (VICI) Update 02/25/2023 much deeper retrace in the count now. Maybe $32.75! Could sell Mar-July $30 puts here if your not in it. Otherwise the breakout line is a trigger for a full position.
Warner Bros. Discovery Inc (WBD) Updated 02/25/2023. Primary Wave Setup with a Weekly trigger (3/4 size). Otherwise the breakout line is a trigger for a full position.
Broader VSL
Exact Sciences (EXAS) Updated 02/25/2023 (New entries use $55 puts)…Target has faded just a bit to $58.21. Still a solid uptrend!
Home Depot (HD) Updated 02/25/2023. I don’t like it with that gap down. Looks like a gap and go!
Global Trends ETF
Invesco QQQ Trust Series 1 (QQQ) Updated 02/25/2023. Count has flipped! See my RISK video!
iShs JPM USD Emerg Mkt Bd ETF (EMB) Updated 02/25/2023. Were at our Next Entry Long at $84.51. I’d keep a tight stop here. Maybe $82.
iShares Semiconductor ETF (SOXX) Updated 02/25/2022. Sold an April $395 put for $11+ per contract. Continuation play off the breakout. I do not like that count now holding Aprils. Looks a little better this week.
Berkshire Hathaway Inc. Class B (BRK.B) Update 02/25/2023. Hit my stop! Maybe, a next entry around $297. But I’m not sold on this one.
First Tr NASDAQ Clean Grn Engy (QCLN) Update 02/25/2023 Updated targets again! Took out my stop…I would not hold down to the next stop.
Emrg Mkts Inet and Ecommerce Updated (EMQQ) Updated 02/25/2023 boy did China really come off. I’m not wanting to add any Asia here. To much risk with all this WWII crap.
My Shots
APPL moved to Swing Trade Notes
iPath Series B Carbon (GRN) Updated 02/25/2023. Primary Wave Setup poked its head above the breakout line so Full size.
iShares Biotechnology ETF (CRSP) Updated 02/25/2023. Next Entry Long is now $46.52.
Boeing Co (BA) looks good! Updated 02/25/2023 Sold Feb $160 for $6.95+ “Wait for the back-test now” The back-test has dropped significantly to $178.50. I’ll wait a bit now before I add.
iShares Biotechnology ETF (IBB) Kind of flat! Updated 02/25/2023. Sometimes fate is on our side. I’ll like it much better at $123.
