CrowdStrike Holdings Stock (CRWD)

A couple of weeks ago, I showed readers this daily chart of CrowdStrike ($CRWD). We discussed the possibility that the stock could break out of this Rising Wedge to the upside. Rising Wedges, for the uninitiated, are patterns of bearish reversal. For a little background, CRWD is the fourth heaviest weighted position in the Sarge-folio and when stocks break out …

That was a long, tough day. All of that macroeconomic data did nothing to spark the marketplace. We had to wait until the closing bell to see some of the type of action we, as traders, crave. Equities closed slightly lower on Wednesday as traders awaited Nvidia’s ($NVDA) results, among others. The S&P 500 ended almost flat at -0.02%, while …

It’s Wednesday! You can do it. It is I, Sarge. Dougie is off today and I am filling in as your tour guide. Let’s get some coffee into the system and get the blood flowing. You know what you need to do. You don’t need my boot pushing you along. There will be a lot to …

With S&P futures -73 handles (following large declines in reporting companies CrowdStrike ($CRWD) and Broadcom ($AVGO) I am covering some of my shorts from yesterday and this morning: * $SPY $752.18 * $QQQ $741.69 From last night and during Tuesday’s regular trading session: After-Hours Trading At 4:55 PM Tuesday I added to index shorts: * SPY $760.02* QQQ $746.92 Position: Short SPY …

Most always point out the good-performing stocks. Here are the bad ones: Salesforce CRM Microsoft MSFT Oracle ORCL Palantir PLTR Snowflake SNOW CrowdStrike CRWD Uber UBER Nike NKE DraftKings DKNG Strategy MSTR Robinhood HOOD Chewy CHWY ...