Brian Shannon: Making The Most Of Moving Averages | Investing With IBD

TL;DR

Brian Shannon provides insights on market trends and stocks, emphasizing the importance of multiple time frames and consistent moving average lines.

Transcript

welcome everyone to another episode of investing with IBD podcast it's Justin neelen your host and it is October 18th 2023 and on the show today of course we have arusa pis who joins us every week he is a portfolio manager over at O'Neal Global advisers how are you doing aroua I'm I'm doing well wish wish the the Market was a little bit better but ... Read More

Key Insights

• 😒 The use of multiple time frames allows for a comprehensive understanding of market trends and stock movements.
• 🎚️ Moving averages provide support and resistance levels that help with entry and exit decisions.
• ✳️ Monitoring earnings seasons and managing risk on breakout trades are crucial for successful trading.

Questions & Answers

Q: How does Brian Shannon use moving averages and time frames to analyze stocks?

Brian Shannon looks at multiple time frames, including 65-minute, 30-minute, and 15-minute charts to assess stock movements. He uses moving averages such as the 5-day, 20-day, and 50-day to make entries and exits decisions.

Q: How does Brian Shannon handle earnings seasons and breakout trades?

Brian Shannon is cautious during earnings seasons and prefers not to hold positions when earnings are imminent. He sells partial positions on breakouts to manage risk, especially if the stock has had a significant run-up.

Q: How does Brian Shannon narrow down his focus from a universe of stocks to specific trades?

Brian Shannon sets alerts on stocks and waits for specific price levels to trigger. He focuses on high-conviction trades and prioritizes those, sometimes ignoring other alerts until the primary trade is set up.

Summary & Key Takeaways

• Brian Shannon uses multiple time frames and moving average lines to analyze stocks and market trends.

• He focuses on entries and exits based on the direction of moving averages and price action.

• Stocks like Rapid7 and Okta are currently setting up for potential trades, with breakout opportunities and favorable technical patterns.