Chart Review V2

Charts for 30+ stocks that you requested.

War in Iran has thrown another wrench into the market.

Volatility has picked up but periods like this often begin to create opportunity beneath the surface.

Over the past week we’ve already seen early signs of life in a few beaten down groups. Both crypto and software, two groups that had been crushed for months, have seen big moves. The question now is whether this is just a dead cat bounce or the early stages of a broader bottom forming in these sectors…

Either way, we have taken advantage.

Last Thursday in my Software Armageddon post, I discussed why I believed software was finally reaching a point where the risk/reward looked compelling.

Since then, the group has rallied meaningfully with many names advancing 10% or more. I also disclosed a new software position in that article which is already up roughly 12% in just one week from the day it was purchased. If you missed that post, you can find it here.

Even in these types of environments, there can be opportunity. You just have to know where to look.

Outside of those small pockets of strength the broader market has still been choppy and difficult to navigate. Even so, there are a number of setups beginning I’m seeing that are worth paying attention to. In the remainder of this article, I’m going to review 30+ charts, many of which are sitting on low risk/reward areas that might look like obvious add spots in hindsight.