Patrick Ciummo

⚠️ My only official X account is @PatrickCiummoCS I will never DM you first, sell anything, or ask for funds. Any account claiming to be me and doing so is an impersonator. Please report it.

A few friends of mine who don't follow the markets asked me today for my political take on them. I told them I'm into price, not politics, and offered to talk charts instead. That did not go over well. Midterms and history matter, I get it. But if you want to annoy yourself, try building a market thesis around who's in office. Sitting out while the other party holds office has an opportunity cost. Schwab research found $10,000 invested in 1961 and held only under one party's presidents trailed staying invested the entire time by millions. For the politics, follow @MikeTownsendCS. I'll stick to charts. @SchwabNetwork @SchwabTrading #SchwabCoaching Hypothetical, 1961 to 2023. Source: Schwab Center for Financial Research. Past performance is no guarantee of future results. Not an endorsement of any political party.

Is the downtrend done? Covered inverse head and shoulders today in our Trading Price Patterns class: how to spot them, where they form, and why the neckline is the line that matters. Names we walked through: $ADBE $ICE $OLLI $RGLD $ORIO @SchwabTrading tickers mentioned are for illustrative purposes only and not a recommendation. #TraderTalks #SchwabCoaching youtube.com/live/D8PHOVKkuTc

The VWAP anchored to the July earnings did its job. $AAPL bounced right off it and is now pushing back toward all-time highs near 354. Worth considering next: a new VWAP anchored to this week's earnings. @SchwabNetwork @SchwabTrading #SchwabCoaching #TOSMobile 6M:1D charts are for illustrative purposes only and not a recommendation.

Premarket Morning Movers assignment: tracking down a sassy $ADBE before the open. The full levels are in the video. @SchwabNetwork @SchwabTrading #SchwabCoaching Tickers mentioned are for illustrative purposes only and not a recommendation. schwabnetwork.com/video/char…

Asked to break down $ADBE on Morning Movers @SchwabNetwork after a Citi downgrade. Premarket probed the thick 240 area I flagged, got sassy around those key levels and bounced. Now back to green on the day despite the negative analyst news. @SchwabTrading #SchwabCoaching #TOSMobile 2D:15m extended hours charts are for illustrative purposes only and not a recommendation.

$NCLH's earnings gap is taking on water, slipping under both pink VWAPs, one from the earnings gap and one from Monday's gap on bullish analyst notes. The short-term trend is pointed back toward its port of origin near 16 if the 17.30 area fails. A hold here could keep the gaps afloat. @SchwabNetwork @SchwabTrading #SchwabCoaching #TOSMobile 5D:5m charts are for illustrative purposes only and not a recommendation.

$ZBRA beat on Q3, but guidance gapped it lower off a double top near 380. Up close, a hard animal to read. Zoom out to quarterly candles back to 1991 and it's holding above the red VWAP from its 615 high. Which chart you prefer may tell you if you're a trader or an investor. @SchwabNetwork @SchwabTrading #SchwabCoaching #TOSMobile 1Y:1D and Max:1Q charts are for illustrative purposes only and not a recommendation.

Another gap down, another bounce at an interesting spot on the chart. $AAPL pulled in near the VWAP anchored to its last earnings in July, plotting at 326.65, close to the day's low. If this is a hold and a bounce, bullish setups usually show up first on shorter timeframes. @SchwabNetwork @SchwabTrading #SchwabCoaching #TOSMobile 6M:1D charts are for illustrative purposes only and not a recommendation.

$SHOP gapped lower on earnings, but found shoppers at prior resistance near 135 and the green VWAP from its 52-week low. Even after the bounce, it's still marked about 20% off its 180.88 high. Plenty of big percentage markdowns lately. @SchwabNetwork @SchwabTrading #SchwabCoaching #TOSMobile 1Y:1D charts are for illustrative purposes only and not a recommendation.

$INGM, the cloud and IT distributor, floated down on an 11M secondary share offering at $25.90, with a concurrent company buyback, on 10x relative volume. It's landing on the 25 level that's held since March. Its IPO VWAP in pink sits just below. @SchwabNetwork @SchwabTrading #SchwabCoaching #TOSMobile 2Y:1D charts are for illustrative purposes only and not a recommendation.

$RACE is up 3% to about 415 after an earnings beat and guidance raise, clearing the red VWAP from its 437.15 high that capped upside runs since August. Off to the races? Unaligned moving averages below the gap could act as drag if volume doesn't support. @SchwabNetwork @SchwabTrading #SchwabCoaching #TOSMobile 1Y:1D charts are for illustrative purposes only and not a recommendation.

$ORCL traded 3.9x its average volume yesterday, and this morning priced an 86.2M share secondary at $116, right inside the 115 to 120 area where price has held before. On the Max:1M, a hold or slowdown here would be constructive. @SchwabNetwork @SchwabTrading #SchwabCoaching #TOSMobile Max:1M charts are for illustrative purposes only and not a recommendation.

A client asked if TA works on yields. Like hot sauce, it works on anything if it fits your flavor profile and you use it consistently. #US10Y stalled at the red VWAP and 20-day, halfway to the gold VWAP from its top volume day. If it gets there, we reassess using technicals. @SchwabNetwork @SchwabTrading #SchwabCoaching #TOSMobile 1Y:1D charts, zoomed in, are for illustrative purposes only and not a recommendation.