Shopify Inc. Class A Subordinate (NYSE:SHOP)
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- bill52: $SHOP starting a position with stop at yesterday intraday low of 77.53
- scottrades: $SHOP coming in to the 21 EMA
- scottrades: My notes: $SPY / $QQQ Holding the 21 EMA $DXY Pop $TNX Reverting a bit $TLT At the 50 Day $SMH Just fine $IGV Bounce off the 21 EMA $IBIT Trying to find a floor $AAPL Holding the 200 Day $NVDA Still working $AMZN At the 21 EMA $GOOGL Bounce off the 21 EMA $MSFT Bounce off the 8EMA $META Support at the 21 EMA $AMD Day 2 $DKNG Good volume $DDOG Good volume $SHOP Support at the 21 EMA $V Breaking out. Earnings Jan 25 $ELF What a monster $COIN Near the 50 Day $MSTR trying to find a floor
- scottrades: My notes: $SPY On the 8EMA $QQQ Still fine $IWM Lower Low $DIA at the 21 EMA $SMH Great volume $IGV Software working $GBTC Holding the 21 EMA $IBIT Could be firming up $ETHE Morning shakeout $NVDA Working $AMD Powerful move $INTC Sharp slope $MSFT Earnings Jan 31 $AMZN 50 Day Support $GOOGL Wedge $TSLA Inverse H&S Spotted $SHOP In trend $U Bottom Fish at the 50 Day $RCL Along the 8/21 EMA $CCL Watch for support near the 50 Day $MNDY Watch 199 $COIN Near the 50 Day $MSTR Trying to find a floor
- Onthemark: Spent this morning weeding out my trading account, just want to hold onto the blooming flowers. Holding $ETHE, $MREO, $AMZN, $SHOP and got some $OLLI at 71.25, thanks champ.
- Onthemark: Did well with $ARDX (Thanks again Woody), $MREO and $SHOP. Gave back a lot on $COIN.
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scottrades: ...
$SHOP Near the 21 EMA
$YELP Above all the MAs
Let’s have a great year!
Scott
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scottrades: ...
$SHOP Short base, watch 78
$NFLX Nice move yesterday, watch for a pullback entry
$IWM Watch for a break of 200
$DUOL Starting to Trend up
$DASH Trending along the 8EMA
$SNOW Short flag
$NVO At the 50 Day
Let’s have a great day!
Scott
- Onthemark: $TAN and $SHOP looking good today.
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DAN: ...
Fitz in Five: Here’s your trade (again), on Shopify ($SHOP)
Triple Witching tomorrow -- stock options, index options, index futures. Probably some pinning at even strikes…but really tough to game. I don’t bother to try.
$SPX -- ... - traderbren: $SHOP - pushing to a new high. Long
- ssoha20: $SHOP looking good what do you all say about it.
- scottrades: $SHOP Sideways near the highs
- scottrades: My notes: $SPY / $QQQ Extended but up $UUP Inside day $TNX Watch yesterdays low $GBTC Sorry haters $ETHE Above the MAs $BITO Bitcoin Futures $BLOK Broad based exposure $TLT Coming into the 50 Day $XLF At resistance $INDA India breaking out $MSTR In trend $COIN Holding the 8EMA $AMZN Coming into the 8EMA $GOOGL Holding the 50 $META Low volume PB $TSLA Near the 50 Day $INTC Outperforming $PLTR Bumping against resistance $AI Victim of the market $SHOP Strength here $SMCI Still ok $ANET Watch for an entry off the 8EMA $PANW Watch tomorrow. $COOP Above the MAs $ARDX A Woodman Special
- Dig44north: $SHOP above all ma’s, added
- Henry: $SBUX $PLTR $LLY $SHOP Up pm - Earnings
- traderbren: $SHOP - to close the gap at 56.84 on the open. We'll see lots of gap up this morning.
- shoredriver: $EXAS $SHOP.....exas after tonight...shop in a.m...
- jonwest88: Who would have thought that the winners today were $PNC, $TFC, $WFC, and $BAC ? I am waiting for the all clear to add to my LT position in $TTD and $SHOP
- scottrades: $SHOP trying to get back above the 200 Day...unable to do it so far.
- traderbren: $SHOP - bullish engulfing candle....could see a gap fill trade up to 56.84 if the 10-Yr continues lower in the near term.
- scottrades: My video notes: COTD: $FN Breakout Alert! $SPY / $QQQ Swing support at yesterdays low $UUP Still in trend, not out of the woods yet $TNX Short term Top? $TLT Trying to bounce $USO Still in trend $XLE Still in trend $XME Above the MAs on good volume $SMH Testing the 100 EMA $IGV Through the 100 EMA $TAN Hammer Time? $GBTC Trying the 50 Day $ETHE Are Ethereum futures coming? $BTF Why yes, Ether Futures are here. $TSLA Support at 234 $GOOGL Through the 50 on low volume $META New product announcement. $NFLX Trying to hold the 200 Day $NVDA Hopefully not a bear flag $AMD still in a channel $ON Clear slope $SHOP At the 200 Day $FN Breaking out $ANET Support at 177 $CRWD Above all the MAs $DKNG Watch 29.50 $UBER Testing the 50 Day $CLS Near a pivot on good volume $TDW Still ok $X Watch 32.50
- scottrades: $SHOP also at the 200 Day
- scottrades: My notes: $SPY Broken $QQQ Broken $IWM Broken $DIA Broken $UUP Still in an uptrend $TNX New High $GBTC closed under the 50 Day $URA Welcome to Commodity Investing. $USO In consolidation $XLE Dripping lower $GLD Back under the 200 Day $AAPL Not bullish. $NVDA Near the 100 EMA $AMD Near the 200 Day $SHOP Watch the 200 Day $TSLA Near the 50 Day $ELF Trying to bounce $MA at the 50 Day $V At the 100 EMA
- scottrades: My video notes: COTD: Is $BG is in a Squeeze? $SPY Swing support at 442 $QQQ Swing Support at 369 $DIA Above the 50 $IWM Support at the 200 Day $UUP Dollar Up, Euro Down $XLF Above the MAs $XME Working on a Breakout $URA Extended, but working $XLE Trending up $OIH Mind the trendline $SMH Support at 148 $ARKK Just under the 50 $GBTC Day 16 of the 45 that the SEC has to respond. $GOOGL Working $AMZN Trending up $TSLA CyberTruck cometh? $MSFT Above the MAs $META Backl above all the MAs $ARM Strong Start! $NVDA At the 50 $AMD Watch the 50 $SHOP Baby Wedge (do do do do do do) $UBER Still ok $GE Watch 117.40 $ATI Watch 45.30 $PCAR Watch 86.40 $COP Above a short base $CCJ Volume Climax? $ARRY Break out $AEHR On the 50 Day $CTAS Mentioned Tuesday
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scottrades: ...
$SHOP Pulling back to the 8EMA, watch for it to hold.
$TSLA Above the 50 Day with volume!
$TT Broke out yesterday.
Let’s have a great day!
Scott
- woodman: @scottrades $SPY $QQQ $MA $V $AMZN $GOOGL $META $SHOP $TSLA $TT - For what it's worth. Yet another view to pile on top of the many. https://fortune.com/2023/09/05/goldman-sachs-recession-forecast-soft-landing/
- ray: @scottrades $SPY $QQQ $MA $V $AMZN $GOOGL $META $SHOP $TSLA $TT Great summary and prep for the day, Scott... but I have to admit that about half-way through, I'm thinking of the story of the Three Bears in regards to the economy and the 3 camps: is the economy booming (too hot), recession (too cold), or can the economy "just be able to handle it..." (just right) :)
- Henry: $SHOP Cannacord bumps pt to $70
- debeers: @shoredriver $SHOP $AMZN congrats.
- scottrades: My notes: COTD: Let’s follow up on $UBER $SPY Rest ahead of Non-Farm Pay Rolls $QQQ Tech Leaders are working $IWM Stopped at the 50 Day $DIA Pulling back to the MAs $UUP Was the other day a shot across the bow? $TNX Lower Low $SMH Above the MAs $ARKK Trying to get back to the 50 Day $GLD Fake out? $XOP Watch 150 $USO Close to a breakout $GBTC more ETF Delays $ADBE Breaking out $AMZN Actionable $META Didn’t close strong $NVDA Still in trend $MSFT Under the 50 Day still $TSLA at the 50 $SHOP Watch the low $FANG Energy still fine $AMAT Working $LRCX Great volume $ANET ATH $AMD Lagging $COIN Back into some support. $MSTR Watch the 50 Day $MARA Alert at 14 $RIOT Alert at 12.60 $LULU Watch tomorrow
- shoredriver: $SHOP $AMZN...SHOP sellers to access AMZN logistics....loverly...
- Vasilis: @DAN do you consider $SHOP a similar #bottomfishing as $PENN, since $SHOP bounced today of the gap up lows of May 4th, $53.88. Moreover, there is a lot of price-memory around these levels ($54.49, $54.67, $53.70, all high of the days 2.2.23, 2.3.23 & 2.15.23) Thank you Dan
- DAN: @Vasilis $SHOP $PENN #bottomfishing Yeah. I think you're too early on SHOP. It's still going down. There are four elements to trends: Upward, Sideways, downward, sideways. Markup, distribution, mark down, accumulation. SHOP is still in the markdown phase. Stay away, but keep watching.
- Vasilis: @DAN $SHOP $PENN #bottomfishing thank you for the reply and the detailed explanation…!!!
- DAN: @Vasilis $SHOP $PENN #bottomfishing Sure. That's what I'm here for!
- Auto: $SHOP short working below 50 headed to 200 daily next stop $56ish
- Cjauger: $SHOP bouncing on the 50
- scottrades: $SHOP trying to break out of a Daily flag.
- Angdionk: $SHOP reports on the 2nd
- Momentariness: $SHOP LOD
- puttz: $SHOP Watch as its pulling back to the top of the box after break out. It may be a time to buy or add. Time will tell
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DAN: Active Trade Update -- Shopify ($SHOP)
The suggested stop on $SHOP has been triggered at 65.50. this trade was a typical 3-part squeeze -- Phase 1 breakout. Phase 2 pullback. Phase 3 continuation.
The pullback fell just a bit more than I though ... - rythm: @Lou I did the same with $shop today although I can’t ignore @dan’s repeated reminders about honoring stop loss. I watched the bounce off the low and set a tight stop for the add.
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DAN: ...
Shopify ($SHOP) -- working well and moving higher on high volume. Quarterly revenues are accelerating and the stock is outperforming 98% of stocks. 2023 will be a breakout year for earnings growth, with estimates at .34 cents vs. .04 cents last ye ... - Cjauger: long $U, $FUBO, $SHOP, $WDAY stops ad LOD
- Robert1965: @DAN $MSTR $MARA $RIOT $SHOP $ACLS Training session Is this started? Keep getting message wait for the host, Now it wants me to Join Zoom. What am In doing wrong. This is the second time this has happened .
- DAN: @Robert1965 $MSTR $MARA $RIOT $SHOP $ACLS Robert, I've sent emails and posts that the session today is at 3 pm ET / noon PT. So you'll be waiting a while.
- Henry: $SHOP downgraded after the close to in-line by Mark Maheny of Evercore I am long.🤬
- Docoof: @Henry $SHOP Cramer pumping $SHOP on Mad Money.
- Henry: @Docoof $SHOP Just watching the DVR now. $MYRG has a great chart
- Auto: $CAVA $NFLX $SHOP $NVDA $TSLA $ACLS added long
- DAN: Active Trade Update No changes to the Active Trade Ideas on $ARKK $MARA $MSTR $MDB $DKNG $DT $SHOP. Have a good weekend. (Scott is handling the videos today). --Dan For a complete list of all Active Trades, click here: https://stockmarketmentor.com/active-trades-list/
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scottrades: ...
$SHOP Watch 67.50
$ACLS Tight along the 8/21 EMAs
$ELF Trending
$AMD Want to see it hold above 115
Let’s have a great day!
Scott
- puttz: $SHOP Breaking out from high base
- DAN: @puttz $SHOP I was just going to post that, puttz. Good eye. Thanks!
- Nepenthe: @scottrades $FTNT $PLTR $SHOP $ACLS $ELF $AMD Scott, you mentioned our old friend $RELY recently. BB's are squeezing. How would you play this? Cheers.
- woodman: @puttz $SHOP - Yep. I mentioned this set up on 7/11 and to be ready for it. Looking good.
- DAN: Adding $SHOP to the ATI List. Basis: $70. Suggested stop 65.50
- Auto: $SQ $SHOP $NVDA $MSTR $RIOT$AFRM BERY added long from below daily
- Auto: @Auto $SQ $SHOP $NVDA $MSTR $RIOT $AFRM $BERY added long $DPZ watching to add to short
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DAN: ...
Shopify ($SHOP) -- Just started this today. We're flat.
I've already sent out the video for this, but here is the link in case you missed it.
https://us02web.zoom.us/rec/share/T5drL91wUThxdcAQOftcNIG9qEUI74cYRyudQY8BSJ5w8eta-JUPXhnCoodx-qVV.N7hiZ ... - psa512: @DAN $MSTR $MARA $ARKK $DKNG $DT $SHOP Hey Dan, why don't you have $RIOT as an active trade?
- DavidK: @DAN $MSTR $MARA $ARKK $DKNG $DT $SHOP Damn Dan , I have been visiting Lake Erie lake house playing golf this week . 72,67 senior tees , 73 today from the back tees just to make sure my game is ok just like this irrational market . Sell Mortimer sell. It’s getting way way over bought . .
- Auto: $SHOP we have lift off! again 8>)
- woodman: $TTD $SHOP - I mentioned TTD's tightening BBs (even though it was extended still from the 50d) on 7/7 and said to keep a look out for this to move. Today, the move came. Now, take a look at $SHOP. It's been sideways for 2.3 months, since the gap up on 5/4. The rising 50d has finally caught up and it's in proximity to some longer term rising support from the low of 2022. BBs are narrowing pretty nicely. This is approaching squeeze territory and could be setting up for a breakout like TTD.
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scottrades: ...
$SHOP Building a base.
$MSTR Following Bitcoin
$MARA Still ok.
$RIOT looks like MSTR
I published a new Podcast from Dan yesterday, which you should listen to today. I’ll send a separate email about it later.
Let’s have a great day!
Sc ... - natural: @BarryC Don't look now, but $SHOP starting to move.
- BarryC: $SHOP getting close... Not Today but keep on ur watchlist...
- natural: @BarryC $SHOP Been nibbling on this one...
- BarryC: Some of the things Im watching: $AZEK, $BILL, $BLCO, $CFLT, $DKNG, $DT, $FND, $HUBS, $SHOP & $TREX
- DanAz: $SHOP needs a little push
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scottrades: ...
$SHOP Mentioned in Dan’s webinar
$FTNT Holding the 21 EMA
$LSCC Back above the 50 Day
$LRCX Holding above the 8EMA
$JPM Watch 142
Scott
- natural: @BarryC $LRCX $AMZN $CELH $FLNC $MNDY $GOOG $TSLA $UPST $GTLB $FRSH $HSBC Barry, thanks for posts like these (and your good mornings). I dropped $SHOP this am since I don't love the relative underperformance. Just lightened up on $TSLA as I work to not get greedy. Holding $TSLA, $FTNT, and $AI.
- BarryC: @natural $LRCX $AMZN $CELH $FLNC $MNDY $GOOG $TSLA $UPST $GTLB $FRSH $HSBC $SHOP $FTNT $AI My Pleasure & Happy to help!! :-) Stay with some of the stronger ones, even if smaller for longer :-) Great job!!
- natural: @BarryC $LRCX $AMZN $CELH $FLNC $MNDY $GOOG $TSLA $UPST $GTLB $FRSH $HSBC $SHOP $FTNT $AI Yeah, I dropped $FLNC two days too early because I was impatient. Ugh. On to the next!
- scottrades: Good morning Team! Some charts that caught my eye today include: $FTNT Watch for a break and close above 71.50 $MDB Holding the gap $NVDA Basing $AMD Still in trend $RMBS Basing $JPM Basing under resistance. $DXCM Watch 126.60 $SHOP A bit choppy but still in trend. $CRM Same $BA Back to the Feb Highs
- natural: In for about half position of $SHOP Friday. Starting to go...
- BarryC: $SHOP, a little sloppy but could squeeze...
- natural: @BarryC $SHOP Started a little yesterday, added today. I like.
- scottrades: Watch for $SHOP top take out HOD.
- scottrades: $SHOP HOD
- scottrades: My notes: $SPY Holding up $QQQ Holding up $DIA Support at the 50 Day $IWM Added to the ATL $MDY Added to the ATL $SMH Holding the 8EMA $XHB Trying to break out $ARKK Working $BITO Highest volume in a month $ACLS Watch 167.50 $AMAT Small Flag $AMD Strong close $FTNT Holding the 8EMA $GOOGL Curling up $MHO Good volume $KBH Breaking out $SHOP Breaking out of a channel $COIN Highest Volume of the Year. $RIOT Coinbase is getting Sued, Bitcoin doesn't care. $MARA Great volume $DT Upside reversal $RELY Still working $DKNG Still trending
- sbw1: @Dan for the session: $MDT or $SHOP
- DanAz: $SHOP watching
- BarryC: $SHOP could be a low risk entry here against 57.01
- scottrades: $SHOP holding the 21 EMA
- wineinquirer: @DAN Hope your weekend was peaceful! Could you offer your take on $SHOP. Seems to be flagging (guess that's appropriate for Memorial Day)! Many thx for all the sweat and tears you put into this outstanding site! The rewards show!!
- DAN: @wineinquirer $SHOP Hi, wineinquirer. I really appreciate that, and am happy that you are finding so much value here. We've got an excellent team in Scott, Karen and a few others who work behind the scenes. Lots of new stuff coming soon. I am excited and hope you are too!!
- Auto: $SHOP added long weekly
- Auto: $SHOP added long from below daily
- scottrades: $SHOP Holding the 21 EMA beautifully. @Auto
- Auto: $SHOP added long daily
- MongosPawn: @Auto $SHOP Me too. Small.
- scottrades: My notes: $SPY/ $QQQ NVDA is the Star of the show. $SMH Bounce $HACK Note the range $WCLD Above the MAs $BLOK Holding the 50 Day $TAN Bottom of the range $BITO Watch for a reaction on a Debt Ceiling announcement. $NVDA Earnings Beat $AMD Up AH $RMBS Added on the bounce $AMAT Support at the 21 EMA $ON Holding the 50 Day $LRCX Potential Phase 3 Start $TSM Up With the rest $SHOP Holding the 21 EMA $AMZN Still in trend $RIOT Holding the 50 Day $MARA At the MA Cluster $MSTR Just under the 50 Day $NFLX Phase 3? $DV A bit extended $CCJ Close to a pivot $ARRY I have little.
- BarryC: HI Everyone, Hope ya have a good evening! I put on a few new trades yesterday, things that were on my watchlist AND bought some $RIOT with you guys, thanks to @scotttrades pointing it out. I went home #long: $FISV, $GOOG, $LRCX, $LTH, $MARA, $RIOT & $SHOP ALSO have some speculative smaller positions in $HBIO, $IMGN, & $NNOX. #btw, I got shaken out of $NOV on that $PFE news. I will still watch closely, in fact MANY of my good ones I wind up trying 2/3X sometimes before they work.
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scottrades: ...
$SHOP Watch for a bounce off the 8EMA
$KTOS Slow mover, but trending up.
That’s what’s on my mind today.
I’m currently long $RMBS $RIOT and $MSTR.
Let’s have a great day!
Scott
- bigreek42: back in some $shop on pb
- BarryC: Here is my watchlist at the moment: $ACLX, $AVAV, $CBOE, $DXCM, $FISV, $HCA, $LI, $LTH, $PEGA, $ROIV, $SHOP, $TDW, $TPR, $TREX, $TXG, $V, $VSTO
- Auto: $SHOP $TSLA added long
| Stock Price | $69.51 |
| Change | 0.14% |
| Volume | 7,353,170 |
Shopify Inc provides a cloud-based commerce platform designed for small & medium-sized businesses. Merchants use its software across their sales channels, including web, tablet & mobile, social media storefronts, & brick-&-mortar & pop-up shops.
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Past Month
Leading Peers
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$29.77 12.39%
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$5.49 7.76%
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$76.71 6.91%
Past Month
Lagging Peers
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$11.29 -68.29%
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$6.84 -41.23%
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$5.70 -34.55%
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