5/26 DRC
Monster gap up today. Over extended names getting even more over extended. Plans havent changed much from the weekend.
Looks like pot stocks/airliners/cruiseliners are getting ready for some pops. All pretty much failed a deeper ATL push and retraced back up to previous pivot highs. Looking for some good breakouts in TLRY AAL BA
Lots of flags out there are well. Some continuation longs, some right at the initial break, some gapping above the breakouts and will have to wait for some kind of pb. NVDA TSLA DDOG BYND
News on NVAX
SPOT reversal
NFLX continuation.
Lots of good looking names/movers today, no random gappers.
Goals for today
1. Stay aggressive when name starts performing for you.
2. Dont stop paying attention to stock if taking a L. The LT trade can still be there.
3. If spot a hidden/big buy/sell, get in LT right away, save big size for closer to him.
To start the day we sold off pretty good no surprise.
NVAX
Came into play with pmkt low and saw a lot of buying and a lot of hidden/refresh selling. I have it a long while to really show me something and I spotted a big hidden seller ay 52.36. I got a fantastic fil at .34 and rode it to new LOD and took half off. Came back to entry and broke him, out the rest.
BA
Originally looked long but it lost a lot of levels and was holding under. A lot of selling above vwap, once I saw it again I started a short. Added on sellers coming in and price ticking lower. Buyers were absorbing it well though. Stopped out shortly after.
PTON
Much later in afternoon PTON came back up to its range low + vwap + 44. We spike above and got rejected right away followed by big sellers stepping in. Starter
Big seller still sitting there at .95. I added before we got there to test him.
Broke him and shortly stopped me out.
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Trying again, made another new high and no response. Volume is very low right now and we are wedging out really nicely. Doesnt look like it has any gas to the upside and sellers keep showing up taking out bids.
Came back to 44 and we have a hidden seller. Added twice on him.
Added as we broke lower and took out bids.
Should be turning here. We have broken wedge and sell cues. Needs to go.
Added as we took out another big bid. Stop is just above whole number now.
Turned up to it and again selling prevented it from moving higher. Rolled back over to mid .90s but right back up again. Tape is all over both ways. And stopped out. Annoying.
And got stuffed again right back under. Tape is everywhere Ill have to wait.
Called it an early day. Was not prepared for the action at all today. Tape was not one sided at all on the names I took today, but they ended up making the moves I was looking for anyways. Just couldnt get on the game today. Small red day no big deal but easily couldve been green if I was feeling it. Didnt get to sleep at a good time, didnt feel pumped to trade this morning was rather dull. Then when all the action that did happen today happened, was annoyed I couldnt get into anything and catch a good win from the start on them. One of those days where I had to take 3 losses in a row before id finally get the win out of it.
Maybe the long weekend made me a little lazy and unprepared for the action today. Will have to come back again tomorrow and try harder.
Looks like pot stocks/airliners/cruiseliners are getting ready for some pops. All pretty much failed a deeper ATL push and retraced back up to previous pivot highs. Looking for some good breakouts in TLRY AAL BA
Lots of flags out there are well. Some continuation longs, some right at the initial break, some gapping above the breakouts and will have to wait for some kind of pb. NVDA TSLA DDOG BYND
News on NVAX
SPOT reversal
NFLX continuation.
Lots of good looking names/movers today, no random gappers.
Goals for today
1. Stay aggressive when name starts performing for you.
2. Dont stop paying attention to stock if taking a L. The LT trade can still be there.
3. If spot a hidden/big buy/sell, get in LT right away, save big size for closer to him.
To start the day we sold off pretty good no surprise.
NVAX
Came into play with pmkt low and saw a lot of buying and a lot of hidden/refresh selling. I have it a long while to really show me something and I spotted a big hidden seller ay 52.36. I got a fantastic fil at .34 and rode it to new LOD and took half off. Came back to entry and broke him, out the rest.
BA
Originally looked long but it lost a lot of levels and was holding under. A lot of selling above vwap, once I saw it again I started a short. Added on sellers coming in and price ticking lower. Buyers were absorbing it well though. Stopped out shortly after.
PTON
Much later in afternoon PTON came back up to its range low + vwap + 44. We spike above and got rejected right away followed by big sellers stepping in. Starter
Big seller still sitting there at .95. I added before we got there to test him.
Broke him and shortly stopped me out.
----------------------------------
Trying again, made another new high and no response. Volume is very low right now and we are wedging out really nicely. Doesnt look like it has any gas to the upside and sellers keep showing up taking out bids.
Came back to 44 and we have a hidden seller. Added twice on him.
Added as we broke lower and took out bids.
Should be turning here. We have broken wedge and sell cues. Needs to go.
Added as we took out another big bid. Stop is just above whole number now.
Turned up to it and again selling prevented it from moving higher. Rolled back over to mid .90s but right back up again. Tape is all over both ways. And stopped out. Annoying.
And got stuffed again right back under. Tape is everywhere Ill have to wait.
Called it an early day. Was not prepared for the action at all today. Tape was not one sided at all on the names I took today, but they ended up making the moves I was looking for anyways. Just couldnt get on the game today. Small red day no big deal but easily couldve been green if I was feeling it. Didnt get to sleep at a good time, didnt feel pumped to trade this morning was rather dull. Then when all the action that did happen today happened, was annoyed I couldnt get into anything and catch a good win from the start on them. One of those days where I had to take 3 losses in a row before id finally get the win out of it.
Maybe the long weekend made me a little lazy and unprepared for the action today. Will have to come back again tomorrow and try harder.
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