@KIERMCD Profile picture

KIER MCDONOUGH

@KIERMCD

Optimist, happy husband, private investor,retired hedge fund founder/PM, former IBD workshop instructor, and enthusiastic traveler

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Pinned

Amy Smith was kind enough to include me in her book with a number of other great traders & speculators

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$MSTR had a 90% move from the $200 breakout level. (I hope many of you caught it). It is now consolidating this powerful thrust in a small flag formation. Stocks that double (or almost double) often double again.

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$BTC this PNF chart, which illustrates only the change in price, shows a strong recent blastoff with a tight consolidation. When you boil things down to the basics, price is your best indicator. Price speaks volumes.

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$BTC the king of crypto made a powerful move in the last 12 days. The volume and price action since the breakout is signaling huge demand. This vertical thrust has had very little give back in price and is now forming a small bullish flag.

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“The greatest risk in investing is not taking enough risk. If you play it too safe, you will never achieve the kind of returns that can truly make a difference in your life.”~ Thomas W Phelps


KIER MCDONOUGH Reposted

I thought things were cooling off, but no, $IBIT just saw $5b in volume today for first time ever. Only 3 ETFs and 8 stocks saw more action today. Up to $13b in 3 days this week. Its peers seeing heightened volume too but smaller scale. $FBTC did $1b, biggest day since March.

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$IBIT last week I said that this party might be just getting started. This $BTC ETF is already up 16% this week. Party on, Garth.

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“The key to money management is making a lot of money when you’re right and minimizing it when you’re wrong.” ~ Stanley Druckenmiller.


COIN this crypto broker breaks out of an 8 month base. This recent IPO has posted several triple digit EPS reports and today moves through the LLR ( Livemore's Line of least Resitance. RS is confirming the price action.

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KIER MCDONOUGH Reposted

Setups and Watch List, 11/10: $META $SPOT $VST $HWM $DECK $ONON $AXON $TSLA $ALAB $NVDA Check out the TML Model at tickermonkey.com/tml


$BTC clears the last resistance level.The prior powerful uptrend, approx. 130%, serves as a strong foundation for the next move. The consolidation after an uptrend can be seen as a pause and once that phase is over, the market is likely to continue its previous upward trajectory.

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“Time is on your side when you own shares in superior companies. You can afford to be patient-even if you missed owning Walmart in the first five years, it was a great stock to own for the next five years.”~ Peter Lynch


$APP $AXON a shout out to Mike Cintolo @MikeCintolo for having these two high performing holdings in his model portfolio, Cabot Growth Investor. Way to go bud!

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$IBIT this $BTC ETF just emerged from an 8 month base after a strong prior uptrend. This party looks like it is just getting started.

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$MSTR a post from last month

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$NVDL this 2X long $NVDA ETF is up over 400% this year and made a higher high yesterday. For the record, these posts are never recommendations just observations from someone who has doing this for almost 4 decades.

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$GBTC this $BTC trust moved to ATH’s out of this 8 month base. I have been using this as a proxy chart for $BTC because it has a long trading history. Stocks,bonds, or commodities that make new highs often make more new highs.

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$NVDA completes a shakeout pattern by making a triple top breakout to ATH's. This is often a great reversal pattern to utilize. $140 is where one can buy/add on a reversal back up. One can buy/add at $146 breakout.

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