Wednesday Update 5/06
We are blessed with an abundance of setups 🙏
Typically, when I do my Relative Volume scan I see about 100 charts come through. Today, I saw more than 400. So, now we need to tune out some good charts so we can truly focus on some GREAT charts.
** Seriously, thank you for the likes ❤️ and restacks ♻️.
No more words needed. Let’s let the charts speak.
I keep coming back to LAC because it is so instructive
Originally shared here as a play to buy the dips as long as the 20 EMA held
I could use this space to flex DGXX (linked in WKND + Monday’s newsletter). But, I want to use this space for instruction. EARNING only comes after the LEARNING.
Look back on the thesis shared on Monday. It has shown multiple compressions before the impending expansions. This is not done yet.
You shared IREN on 4/25. So, why didn’t you share it this week?
My short answer is Earnings. I hate seeing people gamble on earnings plays. The response can be unpredictable and volatile. I’ve seen way too many trader accounts get slaughtered on Earnings lottos. I just saw the risk outweighing the reward.
The Rare Earth didn’t set any exponential blastoff gains today. But, it has been steady and multiple charts still look STRONG USAR 0.00%↑ UAMY 0.00%↑ ALOY 0.00%↑
The Relative Volume Scan detected multiple strong sectors. These are the charts that are worth checking out and I will feature a few below.
🗒️ None of my charts are a plan to jump in blindly. They are all binary conditionals; trigger + confirmation + 🎯= 🏆
White lines are Support/Resistance I’m watching (I set my alert 🚨 there)
Red lines are 🎯s where I scale out(then I set my 🛑s to guarantee a winning trade)
What is an A+ setup to me? (Explained here)
I share charts; not financial advice. What you do with this info is up to you.
My Top 10 In No Particular Order 👇
🎬 JOBY; Joby Aviation 🛩️
Thesis: The sector is receiving some volume and Joby is looking to fill that gap 📈
🔁 Note: I will use this emoji to indicate if I am still swinging 🔁
🎬 I will use the “begin” emoji to show if I’m looking to start a new position
Earnings weren’t much to brag about but the expectations were really low. Some juicy tidbits:
CEO said they have “a very strong balance sheet and the clearest path we’ve ever had to beginning passenger operations.
They ended Q1 2026 with roughly 2.5 billion in cash, cash equivalents and short‑term investments
They kicked off the 2026 “Electric Skies Tour” with multi‑leg demo flights in the Bay Area (including past the Golden Gate and in/out of Oakland) and then did the first‑ever point‑to‑point eVTOL flights in New York
Joby was named a partner in multiple winning applications under the White House‑backed eVTOL Integration Pilot Program, which “creates the opportunity to begin early operations this year ahead of FAA type certification”
🎬 My personal plan: I’d like to see a pullback to the 10 range to swing commons
Subscribe to see my Top 10. The Discord Link is at the bottom of the Newsletter. I provide Newsletters on Weekends, Mondays, Wednesdays (that’s 3 Newsletters each week w/ 10 charts). Included in the subscription are all my Candlestick Courses, Thread Updates, and a link to my Volume Journal.
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