5/15 DRC
SPY failed hard yesterday and we saw a huge squeeze day. Bulls still always winning, still looking for longs mainly.
UNH
At the bell SPY dumped hard and retraced all of it and ripped to new HOD.
UNH was strong the whole time and broke above the HTF breakout level and was holding. I got a starter and added as we ticked higher, added on a big seller break. Looking to take it to next D R at 297. Initial HOD break v good with volume.
I got pretty big here for UNH. 75 shares but the stock trades a point like its nothing. Im taking off some, i spot a big seller and we dropped a bit after him. We just took him out but I want to cover my risk here. Still holding majority.
Big pop to start, showed signs of slowing, I exited the last bit of my last add. Still holding original 2 entries for target.
Same thing, too far too fast. Worried about over extensions and a monster retrace here. Dont want to give it back so if PT / D breakout at 298.30 is broke, looking to take majority off.
Went right to it, broke it by a couple pennies and came back, so I took it off. Still holding tiny bit.
The dip got bought again, but this name is so over extended atm theres no way im buying more up here. Another point is 1ATR. There is a pretty good uptrend line working with, we just had another blow off top. If TL is broken to the upside I will exit rest and look to get back in on a significant pb that can hold. VWAP is 5 points away on a stock with an ATR of 9.
Hit 1ATR, pulled off and lost uptrend channel. Needs a lot of time to base out before I want re entry.
Doesnt even matter, stock pulled back into other D breakout area, held it, didnt stop me out, made new HOD. Will hold til it breaks uptrend.
Finally broke and out the rest.
Huge sellers at 300. Will wait still.
9am
Stocks are hot, theres no way to get in on pb entries, my levels arent coming into play. Its all breakouts. Dont want to chase, so waiting.
WORK
WORK wasnt as strong as the others but still respecting levels. Made a nice triangle and I spotted a refresh buyer on the tape. I decided to go for an entry. Im not kidding as soon as I got in it stuffed and and a huge seller showed up. Straight down to my stop and I got out.
Need to stay with it as this is the HTF level to play off of though.
Some very odd tape action here. Giant buyers taking out giant sellers, Giant sellers popping up taking out buyers. I tried again, Will have to stay away for now.
Continuously acting weak and sellers here under 32 and stepping down. Almost a repeat of DDOG. I got a starter as we failed at 32 again. Short.
Pretty pissed I tried to add, once we lost LOD we dumped a quick .20cents. PT is POC at .40
Need to be cautious here because this is main value area. Good spot for longer term buyers to come in. Should expect this to keep dumping that hard, Need to take what I can get. Obv making money back is important but also have to respect trade and process. As long as tape is weak Ill stay in.
Big sellers still here but still getting bought. New micro range high I am out.
Stop out would also be at downtrendline. If it fails and I see more big selling I do need to get back in.
Made new range low, selling still here. Following 1min candle to take off.
Mde it to .40 we shall see. If we do happen to lose POC thats obv not good for longer term bulls here. 31 is 1atr move. Would also lose VA.
POC not seeing much buying at all, still selling.
New 1 min candle hi, took half off. TL break will be rest. Didnt take long, broke it but rejected lower. That high will be stop. Refresh seller appeared it seems. Really hard to tell with this name.
Selling appears to be drying up and not aggressive. There are still flashes of sellers, but they are getting bought. Any momentum to upside I am out.
Plan for the moment is to reset this trade if I can. Id like to see this trend break and see those sellers still there so I can reset it all. Must protect profits first, cant ignore we are in a buy area.
Broke TL again, but no squeeze or buying coming in. No noticeable selling either. Just letting it work itself. SPY losing uptrend + vwap.
New low made, new stop in.
Tape is unreal really. Seeing good buying but sellers wont stop. Cant add it isnt clear enough.
1st time we failed to make a LL here and made a HH, still not at stop yet but it is lowered again.
Finally stopped out. Focusing on DDOG. Will have to see more time pass in WORK for a new setup.
DDOG
After big sell yesterday, pmkt and open ripped higher back above yest hi and held. Failed a triangle break higher, but looking to buy a dip back to vwap + yest HOD.
Got a starter after I saw a big buy on the tape. Big buyer at whole number so that will be stop. We are under these 2 levels for now but sell was weak, buy was good. Risk is not huge rn.
Saw another big buy, and added. Full size for the moment, need to see it hold above the levels now with tape for more risk.
Got above vwap with v low volume and stuffed back to whole number with just as low vol..
Tape skipping around and more big buying came in so added again.
SPY is NOT helping at all, its flushing. Buying is great on DDOG. Risk only at 40$ for now.
Above vwap again and holding for the moment, another big buy hit the tape. If It makes new high here, stop is near b/e if it cant hold it. Should be going by this point. .53 is # to beat. then we have TL break into 68 to take off.
We broke but I think theres a hidden seller here. Nope. That or he just moved his order to TL. Nope broke that too.
We broke TL with little volume, not great and rolling over. Warning signs but must give it vwap. Trade does not need to be negative at all. Still good buying
Pulled into TL for v low volume test followed by volume to the upside. That level will be stop. Needs to blow up now.
broke past range high at .95 into monster offer 40k at 68. Buying has been good dont need to think about cutting it early in front yet.
Slowing pretty good here.Getting very tight, buyers seem to be stepping up not letting it drop. Until they do. Have to stay with it. Stop is if it cant hold above .50
Pullback so slow. V low col lowest of day. New stop will be wherever this low ends up.
Starting to curl back up but no buying in sight. Stop is under that micro range low. At this rate we wont have enough pressure to break 40k. RVOL still at 2.
Ticked up again, picking up speed. Seems like theres hidden sellers up here. I will go for quick scalp at whole number.
There are definitely hidden sellers here absorbing before the whole number. Is a problem. But well see.
Sometimes I dont understand what I see. Huge buy hit the tape at .99 but we dropped .20 cents in a flash. Must be liquidity vacuum after he bought, theres no one left under him? Either way, stopped out as it broke lower. Will watch tape up there again, maybe a short this time. Just like yesterday.
And it is coming back up. Will take scalp above him. He is def not showing real size. Keeps hitting him. Hoping I get the fill.
Well we broke him and nothing special happened. Just ticked higher slowly. We had both hidden buyers and sellers so once the buyer broke I covered majority. Expecting us to keep going here but wont let the rest turn negative.
And it came below whole number so out. Best breakouts do not look like that.
AFTERNOON
ALLO
ATH. Somewhat recent IPO. Had explosion higher at open and just made a giant triangle all day. Looking to get long on some failed breakdown into vwap. Tape has been pretty bullish, not quite going anywhere. RVOL at 7 so certainly in play. PT would be AH gap spike high which were about a point under, HOD would be into it.
Breaking down right now. Only levels I have to work with are intraday.
Ticked higher for a moment, getting a very small starter. Only 10$ risk to start here.
Buyers ripped it back up, still good market buying so they still want it. Added. Loss of vwap would be loss of range low as well so good place for stop. 20$ risk.
Trade needs to be added to on a range break here. It would be above 45, rangehi, into TL break and a very very tight value area that is just getting tighter and tighter.
Every name I watched today blew up, why not this one at ATH to follow.
I am up pretty good today, If I see it its time to put some risk on.
We broke decent sized seller, buyers stepped up right after into whole number I added.
Hidden sell at 45, lots of buying into him.
Pulling off is fine, Stop can be increased though. Should be rolling with the failed move lower here, no need to let it go that far against me now.
Hes taking a lot. Feel like If we fail here again I should bail and get in over him.
We got above, nothing special yet, added though. TL is pennies above followed by range break. Up to ~50$ risk right now. Can still add but not super impressed anymore. Range break needs to happen well see. I am adding on it.
Got the range break and added there. Tried adding again but couldnt get the fill. Good start to the break. Not a huge volume flood, but a great looking candle. Time will tell. Avg is just under whole number. Will add on good pbs.
45.62 for 1st pivot break.
Also 19% short float is juicy.
Came back to TL + whole number + my entry. on very low volume. Not seeing enough tape reason to add here other than lack of volume. Still have to deal with loss at this point. Will add and use area as new SL if I see it.
.90s looks like a good area to stay above.
And it proved to be. We ticked up and buyers stepped in. I added with TL just under us. Stop will be just that. Doubled up here.
Some sellers starting to come in. Warning signs. Will cut sooner than later
Soon as I typed it we dumped a quick .30cents, Got out when I could. Fine loss.
Going to call it here. Solid day to end the week. Got some good trades. Again not adding/not getting the fill, is what prevents me from being even more green. Did good with trying on ALLO, gotta get big. UNH easy win. DDOG little rough to read but overall good. WORK tough to read as well but great job flipping to short bias. Happy day. Management was excellent. Will work on weekly report now.
UNH
At the bell SPY dumped hard and retraced all of it and ripped to new HOD.
UNH was strong the whole time and broke above the HTF breakout level and was holding. I got a starter and added as we ticked higher, added on a big seller break. Looking to take it to next D R at 297. Initial HOD break v good with volume.
I got pretty big here for UNH. 75 shares but the stock trades a point like its nothing. Im taking off some, i spot a big seller and we dropped a bit after him. We just took him out but I want to cover my risk here. Still holding majority.
Big pop to start, showed signs of slowing, I exited the last bit of my last add. Still holding original 2 entries for target.
Same thing, too far too fast. Worried about over extensions and a monster retrace here. Dont want to give it back so if PT / D breakout at 298.30 is broke, looking to take majority off.
Went right to it, broke it by a couple pennies and came back, so I took it off. Still holding tiny bit.
The dip got bought again, but this name is so over extended atm theres no way im buying more up here. Another point is 1ATR. There is a pretty good uptrend line working with, we just had another blow off top. If TL is broken to the upside I will exit rest and look to get back in on a significant pb that can hold. VWAP is 5 points away on a stock with an ATR of 9.
Hit 1ATR, pulled off and lost uptrend channel. Needs a lot of time to base out before I want re entry.
Doesnt even matter, stock pulled back into other D breakout area, held it, didnt stop me out, made new HOD. Will hold til it breaks uptrend.
Finally broke and out the rest.
Huge sellers at 300. Will wait still.
9am
Stocks are hot, theres no way to get in on pb entries, my levels arent coming into play. Its all breakouts. Dont want to chase, so waiting.
WORK
WORK wasnt as strong as the others but still respecting levels. Made a nice triangle and I spotted a refresh buyer on the tape. I decided to go for an entry. Im not kidding as soon as I got in it stuffed and and a huge seller showed up. Straight down to my stop and I got out.
Need to stay with it as this is the HTF level to play off of though.
Some very odd tape action here. Giant buyers taking out giant sellers, Giant sellers popping up taking out buyers. I tried again, Will have to stay away for now.
Continuously acting weak and sellers here under 32 and stepping down. Almost a repeat of DDOG. I got a starter as we failed at 32 again. Short.
Pretty pissed I tried to add, once we lost LOD we dumped a quick .20cents. PT is POC at .40
Need to be cautious here because this is main value area. Good spot for longer term buyers to come in. Should expect this to keep dumping that hard, Need to take what I can get. Obv making money back is important but also have to respect trade and process. As long as tape is weak Ill stay in.
Big sellers still here but still getting bought. New micro range high I am out.
Stop out would also be at downtrendline. If it fails and I see more big selling I do need to get back in.
Made new range low, selling still here. Following 1min candle to take off.
Mde it to .40 we shall see. If we do happen to lose POC thats obv not good for longer term bulls here. 31 is 1atr move. Would also lose VA.
POC not seeing much buying at all, still selling.
New 1 min candle hi, took half off. TL break will be rest. Didnt take long, broke it but rejected lower. That high will be stop. Refresh seller appeared it seems. Really hard to tell with this name.
Selling appears to be drying up and not aggressive. There are still flashes of sellers, but they are getting bought. Any momentum to upside I am out.
Plan for the moment is to reset this trade if I can. Id like to see this trend break and see those sellers still there so I can reset it all. Must protect profits first, cant ignore we are in a buy area.
Broke TL again, but no squeeze or buying coming in. No noticeable selling either. Just letting it work itself. SPY losing uptrend + vwap.
New low made, new stop in.
Tape is unreal really. Seeing good buying but sellers wont stop. Cant add it isnt clear enough.
1st time we failed to make a LL here and made a HH, still not at stop yet but it is lowered again.
Finally stopped out. Focusing on DDOG. Will have to see more time pass in WORK for a new setup.
DDOG
After big sell yesterday, pmkt and open ripped higher back above yest hi and held. Failed a triangle break higher, but looking to buy a dip back to vwap + yest HOD.
Got a starter after I saw a big buy on the tape. Big buyer at whole number so that will be stop. We are under these 2 levels for now but sell was weak, buy was good. Risk is not huge rn.
Saw another big buy, and added. Full size for the moment, need to see it hold above the levels now with tape for more risk.
Got above vwap with v low volume and stuffed back to whole number with just as low vol..
Tape skipping around and more big buying came in so added again.
SPY is NOT helping at all, its flushing. Buying is great on DDOG. Risk only at 40$ for now.
Above vwap again and holding for the moment, another big buy hit the tape. If It makes new high here, stop is near b/e if it cant hold it. Should be going by this point. .53 is # to beat. then we have TL break into 68 to take off.
We broke but I think theres a hidden seller here. Nope. That or he just moved his order to TL. Nope broke that too.
We broke TL with little volume, not great and rolling over. Warning signs but must give it vwap. Trade does not need to be negative at all. Still good buying
Pulled into TL for v low volume test followed by volume to the upside. That level will be stop. Needs to blow up now.
broke past range high at .95 into monster offer 40k at 68. Buying has been good dont need to think about cutting it early in front yet.
Slowing pretty good here.Getting very tight, buyers seem to be stepping up not letting it drop. Until they do. Have to stay with it. Stop is if it cant hold above .50
Pullback so slow. V low col lowest of day. New stop will be wherever this low ends up.
Starting to curl back up but no buying in sight. Stop is under that micro range low. At this rate we wont have enough pressure to break 40k. RVOL still at 2.
Ticked up again, picking up speed. Seems like theres hidden sellers up here. I will go for quick scalp at whole number.
There are definitely hidden sellers here absorbing before the whole number. Is a problem. But well see.
Sometimes I dont understand what I see. Huge buy hit the tape at .99 but we dropped .20 cents in a flash. Must be liquidity vacuum after he bought, theres no one left under him? Either way, stopped out as it broke lower. Will watch tape up there again, maybe a short this time. Just like yesterday.
And it is coming back up. Will take scalp above him. He is def not showing real size. Keeps hitting him. Hoping I get the fill.
Well we broke him and nothing special happened. Just ticked higher slowly. We had both hidden buyers and sellers so once the buyer broke I covered majority. Expecting us to keep going here but wont let the rest turn negative.
And it came below whole number so out. Best breakouts do not look like that.
AFTERNOON
ALLO
ATH. Somewhat recent IPO. Had explosion higher at open and just made a giant triangle all day. Looking to get long on some failed breakdown into vwap. Tape has been pretty bullish, not quite going anywhere. RVOL at 7 so certainly in play. PT would be AH gap spike high which were about a point under, HOD would be into it.
Breaking down right now. Only levels I have to work with are intraday.
Ticked higher for a moment, getting a very small starter. Only 10$ risk to start here.
Buyers ripped it back up, still good market buying so they still want it. Added. Loss of vwap would be loss of range low as well so good place for stop. 20$ risk.
Trade needs to be added to on a range break here. It would be above 45, rangehi, into TL break and a very very tight value area that is just getting tighter and tighter.
Every name I watched today blew up, why not this one at ATH to follow.
I am up pretty good today, If I see it its time to put some risk on.
We broke decent sized seller, buyers stepped up right after into whole number I added.
Hidden sell at 45, lots of buying into him.
Pulling off is fine, Stop can be increased though. Should be rolling with the failed move lower here, no need to let it go that far against me now.
Hes taking a lot. Feel like If we fail here again I should bail and get in over him.
We got above, nothing special yet, added though. TL is pennies above followed by range break. Up to ~50$ risk right now. Can still add but not super impressed anymore. Range break needs to happen well see. I am adding on it.
Got the range break and added there. Tried adding again but couldnt get the fill. Good start to the break. Not a huge volume flood, but a great looking candle. Time will tell. Avg is just under whole number. Will add on good pbs.
45.62 for 1st pivot break.
Also 19% short float is juicy.
Came back to TL + whole number + my entry. on very low volume. Not seeing enough tape reason to add here other than lack of volume. Still have to deal with loss at this point. Will add and use area as new SL if I see it.
.90s looks like a good area to stay above.
And it proved to be. We ticked up and buyers stepped in. I added with TL just under us. Stop will be just that. Doubled up here.
Some sellers starting to come in. Warning signs. Will cut sooner than later
Soon as I typed it we dumped a quick .30cents, Got out when I could. Fine loss.
Going to call it here. Solid day to end the week. Got some good trades. Again not adding/not getting the fill, is what prevents me from being even more green. Did good with trying on ALLO, gotta get big. UNH easy win. DDOG little rough to read but overall good. WORK tough to read as well but great job flipping to short bias. Happy day. Management was excellent. Will work on weekly report now.
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