6/1 DRC
New month new me. Feeling good today. Slept ok, woke up ready to roll and trade.
Quick peek at internals, telling me we are for sure due for some downside, yet stocks continuing ot look bullish. Wont fight it, got trades on both sides.
SPY in the middle of weekly range. Looks to be an uneventful day. If any big moves/trends come I think itll be to the downside, but bulls have won just about every battle so either way, trading in play names is where Im focusing.
DKNG FB MGNX for shorts. FB channel breakdown, DKNG reversal, MGNX retrace from major gap.
TSLA SPCE DDOG VTIQ ZM DXCM BTNX SPLK Longs. Good setups in here, BNTC and DXCM the only ones that are kinda iffy, so will require much cleaner PA for a trade.
Goals are
1. Stay aggressive. Add to the winners with clear tape action
2. Dont take any trades that are not clearly holding below/above the HTF area.
3. Re enter a trade if it calls for it.
VTIQ
First on the day. Had a break of HTF level then lost it a decent ways under. Reclaimed it and saw great buying on the tape. Came to vwap again on a low vol pb and saw a hidden buyer at .40. Reclaimed vwap and HTF level and got a starter.
Added once we broke a big offer.
Just too much selling pressure just above vwap, was unable to get above. Loss cut quickly good exit.
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Decided to get back in shortly after. Buyers were thick and unable to drop any lower after exit. Volume increased and candles got real tight so they were taking all the selling.
Well I TRIED to get in, couldnt get the fill for the life of me and refusing to chase it higher now. Stuck waiting.
Taking out hidden sellers, nothing but buying here.
Pulled into vwap, tried again, no fill.
Had to settle for much smaller size and bad entry. Tape is so good I want to be involved.
Big hidden seller at 31.
Saw plenty more big offers but we kept taking them. Pretty upsetting I could not get the fills/size I wanted. Would be a huge W.
Getting over extended now on 1min and Huge sellers just stepped in after TL over extension. All out for now.
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Crashed once it lost uptrendline. Came to prev HOD and seemed to find support. Started getting super tight just under 32. Vwap still at 31.50 left untouched. Had to wait, but seeing great buy signals still.
Much later it returned to vwap and it had a flush under I could get in on with a hidden buyer. Again not the full fill and buyers stepped up right away leaving me with only 1/4 size I wanted.
Came above vwap, big bid showed up and big sell. Bid won, I added.
Now holding above vwap, minor TL in play just on top of us. Waiting to see break to add more. Wont try adding with split orders, will take offer
Testing under vwap and micro range here, big bid showed up. Creeping closer to .50 where hidden buyer was. We shall see. Super slow.
So slow, not taking offers at the moment. Might be dead. Big offer just behind trendline too. Moving my stop up on warning signs here.
Broke TL only because of time, not buying. A little came in and bids got tight with spread. Waiting for break to add.
Bid stepped up and buying came in. Tried to add on split, no one selling to mee, had to chase with market.
32.10 for major TL break and pivot break.
Broke and with volume. Looks like it wants to go parabolic again. PT is on mid day pivot break at 32.65
Pretty good rejection up there, offers showed up. Have to deal with a pullback. Entry is great so trade has a lot of potential still, but loss still possible. Would hate giving up .80cents on 250 shares, but no choice it seems. Will see how price reacts with 32 and TL.
Sideways, holding above 32. But testing recent lows still.
Big bid at 32, and also noticing 32.10 has been in play frequently and is again now acting as S. Good spot to look to add with time if I get it.
Broke lower from .10 into 32 with big bid. Didnt break him lower yet. Not adding yet.
Ripped back up to recent range highs.
Made new highs and dumped on me pretty quick. Was able to get out half at good price. Stop for last half profitable under 32
Sideways a while, pulled down to TL. Seller on offer, got spot to add around here, or exit last half.
Still sideways, holding TL still trending up. Doesnt seem to be getting weaker so still no cause for concern. Not holding cleanly above past intraday levels though.
Broke TL and found more buying. Stop under .50 where I saw a decent sized bid.
Ah failed to pay enough attention here. That new pivot high made a new TL to work with. We broke above it and failed to bust out again, probably needed that pb lower 1st. Now resetting and a big seller defending it lower. Stop is in. Lots of buying still.
Lots of volume coming in here. Things getting tight. Longs exiting is gonna hurt with slippage.
Big bid stepped in front of big bid, I added. Stop just under both of them. Currently failing TL breakdown here.
Tape getting odd. Very spready and wicks both directions. Great pop to start that trade, but got stuffed right back down to .50, sellers on tape now. Buyers still big bidding and above .50 SPY getting parabolic.
Getting very tight here. Looking like a giant bullflag. Even if I get stopped out, cases for re entry are here.
And stopped out. Was weird, bid dropped, we tested under, he showed up, then got taken out and theres that flush I was afraid of getting caught in. If re entry is here, will have to see tape for it.
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Currently dumping hard and fast. I might be able to get a quick cheap re entry if it keeps dumping too fast.
Got to vwap and under 32 and big offers stepped right under 32. Waiting for tape buying before getting back in.
Might have something under vwap here. Bottom of today s VA + past S at .60 and we got a big bid sitting at .75.
Freak candle spiked price up .40cents. Sellers reclaimed 32 again. Waiting for under vwap again before re entry.
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Hour later, we are coiling above vwap at 32. Waiting for a deeper dip for better entry, ew got big bids at .03 and whole number so this is a good spot to get involved. We also have a TL that will be right on top of vwap so there is a good .15cent zone here to get long against. I want to see price hit these bids first.
Never made its way down, just sooo slowly grinded its way higher. Tape started freaking out on its way up too. Big volume spike, nothing but buying. Dont want to chase this.
Some real big sellers up around here near pivot highs. No trade, too bad
DDOG
Held tightly around prev HOD and made a nice range. Broke down lower into vwap and rejected bringing it back up. Some huge orders came in and I got a starter off of that. Not a perfect looking trade, but tape always wins. Buying looks good but not super clean. Liking the big orders coming in and failure to hold lower.
Started skipping higher and added more. Entry prices not great, risk wider than Id like do max size for a while. Tape looks great. Buying on offer coming in, bids still here stepping up.
Not 10 star so no need to force here, especially with no crystal clear PA around HTF.
Good start to trade, but quickly looking like its hitting a wall of selling just above .70 lots and lots of red here. Stop changing to micro range lo here at .30
Selling absorbed moving higher, very good to see.
Market finally showing 1st signs of weakness all day.
Got to 72 and stuffed pretty quick, bids completely dropped out. Spread up to .20 cents.
Seems for the moment buyers are defending prev day hi very well. Absorbing a lot again. A big bid just under it.
SPY hitting vwap and now dropping under it making LL. RVOL only at .8 so market needs to help.
Added as it couldnt break lower and ticked higher. Stop same for now.
Couldnt hold it, stopped out. There is case for re entry but need to see it.
MRNA
Weak stock that eventually reclaimed HTF level and held. Missed 1st chance to get in, buyers under vwap very strong and held and bought offer. Got a starter on 2nd chance with big bid as SL.
Added as we ticked higher.
Ran into hidden sell at 62 and we couldnt do it. I tried to get out all in front, but only got partial fill. Had to get out rest at stop loss.
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Re entry above 62 as it is not dropping lower and buyers keep hitting him. I imagine once we get above we can do something.
Got above and had great start to trade. Right to past pivot high. PT is 63 and we got volume cues looks great. No chance to add yet but stop moved to under 62 for tiny loss if it happens.
Only case to add at this point is on a breakout but I see no reason to do that yet. Waiting on 62.85 break and maybe after that.
Made HH but quickly retraced to HL. Stop is under 62 which has a bunch of potential S there. We have 62 + vwap + TL from LOD and HTF we are now above. Great spot to look to add.
Very Very low volume pullback.
Just noticed for some odd reason 62.15 has been in play all day. We pulled back to it twice now and held it. I saw some big bids just now but was too slow to react to it.
Tape picking up speed, buying coming in. Above this range should really see a good move. Lots of shorts all wrong if theyve been here.
Sellers have been here at this .50 still. Bulls still want it higher so must wait. No reason for early exit yet.
Time has passed, 62.15 is now in line with TL from LOD. Looking to add around here. Also have vwap + 62.
Flush of sell orders came in bringing us to 62. Buyers came in and held. I added.
Took him out at 62. All out.
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Right away, no flush and buyers still here. I got back in once we got back above .50 micro range.
Big offers still here but buying is too and were still holding above levels.
Think I just saw a hidden refresh seller.
Not liking volume action here. Slowly getting back to .30 is where I think he is. If I see him, im out. Have to wait for resolution here.
Getting very tight here. Looking to add if we bust higher.
Broke him, got the add.
Also just noticed that break was also a TL break from HOD. Sellers stepped back in. Have to deal with loss. Not enough warning signs yet, buyers still here.
Also making a giant triangle now. Were right in the middle.
Bids are definitely coming in.
Vol spiking and bids hitting offers into triangle TL break. SPY up, all names moving up. If we can break this range I still think well get a nice pop. .63 1st number to beat then .87
Annoying ass trade, we get to TL, some offers show up and we just slam back to 62. Pissed but holding.
Under vwap, under TL, stop is in under 62. If I can get out breakeven its a gift. Waiting for PA on pb higher.
Stock too tricky. Exited all above 62.
Will repeat again on breakdown of 62.
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Broke down and reclaimed again. Did not see entry reasons on tape.
Well getting sucked in again well see. HUGE bid showed just under vwap at 62.05 this time. Got in on him. Wanting to add right in front of him, well see.
Offers seem thinner this time around. Bids doing same thing as last time. Still there and stepping up, getting tight.
Some large rejection wicks on 1min now. Sellers kinda there nothing special.
Big bid no longer here. Back down to 62, stop just under.
Sellers took it out again and im out again. Death by paper cuts here. Nbd.
Makes sense to see a short here. I see nothing on tape. Watching.
Giant bids showed up again and taken out. Huge buys coming in still. Cannot make sense of this thing. Have to avoid. Only thing I think is safe now is a short but need to see the seller.
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Broke that level, did not quickly reclaim, but did come back and test above. There is TL from HOD that will be right in line with 62 and vwap. Going to look at tape and see if there is entry there.
Didnt see it until it was too late. Sellers came in big ones and stepped in front of each other, but not near 62.
Overall a very good day. DDOG trades were fine, MRNA gave me what I needed to see so no regrets. Maybe missed a decent short there but was tough to find conviction.
VTIQ is upsetting. I should be up near 500$ on that name If I got the fills I wanted for the size, where I wanted them. Too bad really. I think sometimes Ill just have to recognzie if I need to hit the market or go for the split depending on the situation. Either way traded it very well. Caught the good moves. Too bad I wasnt able to get a piece of the last move, but theres going to be tomorrow for some follow through. Good monday to start the week.
Quick peek at internals, telling me we are for sure due for some downside, yet stocks continuing ot look bullish. Wont fight it, got trades on both sides.
SPY in the middle of weekly range. Looks to be an uneventful day. If any big moves/trends come I think itll be to the downside, but bulls have won just about every battle so either way, trading in play names is where Im focusing.
DKNG FB MGNX for shorts. FB channel breakdown, DKNG reversal, MGNX retrace from major gap.
TSLA SPCE DDOG VTIQ ZM DXCM BTNX SPLK Longs. Good setups in here, BNTC and DXCM the only ones that are kinda iffy, so will require much cleaner PA for a trade.
Goals are
1. Stay aggressive. Add to the winners with clear tape action
2. Dont take any trades that are not clearly holding below/above the HTF area.
3. Re enter a trade if it calls for it.
VTIQ
First on the day. Had a break of HTF level then lost it a decent ways under. Reclaimed it and saw great buying on the tape. Came to vwap again on a low vol pb and saw a hidden buyer at .40. Reclaimed vwap and HTF level and got a starter.
Added once we broke a big offer.
Just too much selling pressure just above vwap, was unable to get above. Loss cut quickly good exit.
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Decided to get back in shortly after. Buyers were thick and unable to drop any lower after exit. Volume increased and candles got real tight so they were taking all the selling.
Well I TRIED to get in, couldnt get the fill for the life of me and refusing to chase it higher now. Stuck waiting.
Taking out hidden sellers, nothing but buying here.
Pulled into vwap, tried again, no fill.
Had to settle for much smaller size and bad entry. Tape is so good I want to be involved.
Big hidden seller at 31.
Saw plenty more big offers but we kept taking them. Pretty upsetting I could not get the fills/size I wanted. Would be a huge W.
Getting over extended now on 1min and Huge sellers just stepped in after TL over extension. All out for now.
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Crashed once it lost uptrendline. Came to prev HOD and seemed to find support. Started getting super tight just under 32. Vwap still at 31.50 left untouched. Had to wait, but seeing great buy signals still.
Much later it returned to vwap and it had a flush under I could get in on with a hidden buyer. Again not the full fill and buyers stepped up right away leaving me with only 1/4 size I wanted.
Came above vwap, big bid showed up and big sell. Bid won, I added.
Now holding above vwap, minor TL in play just on top of us. Waiting to see break to add more. Wont try adding with split orders, will take offer
Testing under vwap and micro range here, big bid showed up. Creeping closer to .50 where hidden buyer was. We shall see. Super slow.
So slow, not taking offers at the moment. Might be dead. Big offer just behind trendline too. Moving my stop up on warning signs here.
Broke TL only because of time, not buying. A little came in and bids got tight with spread. Waiting for break to add.
Bid stepped up and buying came in. Tried to add on split, no one selling to mee, had to chase with market.
32.10 for major TL break and pivot break.
Broke and with volume. Looks like it wants to go parabolic again. PT is on mid day pivot break at 32.65
Pretty good rejection up there, offers showed up. Have to deal with a pullback. Entry is great so trade has a lot of potential still, but loss still possible. Would hate giving up .80cents on 250 shares, but no choice it seems. Will see how price reacts with 32 and TL.
Sideways, holding above 32. But testing recent lows still.
Big bid at 32, and also noticing 32.10 has been in play frequently and is again now acting as S. Good spot to look to add with time if I get it.
Broke lower from .10 into 32 with big bid. Didnt break him lower yet. Not adding yet.
Ripped back up to recent range highs.
Made new highs and dumped on me pretty quick. Was able to get out half at good price. Stop for last half profitable under 32
Sideways a while, pulled down to TL. Seller on offer, got spot to add around here, or exit last half.
Still sideways, holding TL still trending up. Doesnt seem to be getting weaker so still no cause for concern. Not holding cleanly above past intraday levels though.
Broke TL and found more buying. Stop under .50 where I saw a decent sized bid.
Ah failed to pay enough attention here. That new pivot high made a new TL to work with. We broke above it and failed to bust out again, probably needed that pb lower 1st. Now resetting and a big seller defending it lower. Stop is in. Lots of buying still.
Lots of volume coming in here. Things getting tight. Longs exiting is gonna hurt with slippage.
Big bid stepped in front of big bid, I added. Stop just under both of them. Currently failing TL breakdown here.
Tape getting odd. Very spready and wicks both directions. Great pop to start that trade, but got stuffed right back down to .50, sellers on tape now. Buyers still big bidding and above .50 SPY getting parabolic.
Getting very tight here. Looking like a giant bullflag. Even if I get stopped out, cases for re entry are here.
And stopped out. Was weird, bid dropped, we tested under, he showed up, then got taken out and theres that flush I was afraid of getting caught in. If re entry is here, will have to see tape for it.
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Currently dumping hard and fast. I might be able to get a quick cheap re entry if it keeps dumping too fast.
Got to vwap and under 32 and big offers stepped right under 32. Waiting for tape buying before getting back in.
Might have something under vwap here. Bottom of today s VA + past S at .60 and we got a big bid sitting at .75.
Freak candle spiked price up .40cents. Sellers reclaimed 32 again. Waiting for under vwap again before re entry.
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Hour later, we are coiling above vwap at 32. Waiting for a deeper dip for better entry, ew got big bids at .03 and whole number so this is a good spot to get involved. We also have a TL that will be right on top of vwap so there is a good .15cent zone here to get long against. I want to see price hit these bids first.
Never made its way down, just sooo slowly grinded its way higher. Tape started freaking out on its way up too. Big volume spike, nothing but buying. Dont want to chase this.
Some real big sellers up around here near pivot highs. No trade, too bad
DDOG
Held tightly around prev HOD and made a nice range. Broke down lower into vwap and rejected bringing it back up. Some huge orders came in and I got a starter off of that. Not a perfect looking trade, but tape always wins. Buying looks good but not super clean. Liking the big orders coming in and failure to hold lower.
Started skipping higher and added more. Entry prices not great, risk wider than Id like do max size for a while. Tape looks great. Buying on offer coming in, bids still here stepping up.
Not 10 star so no need to force here, especially with no crystal clear PA around HTF.
Good start to trade, but quickly looking like its hitting a wall of selling just above .70 lots and lots of red here. Stop changing to micro range lo here at .30
Selling absorbed moving higher, very good to see.
Market finally showing 1st signs of weakness all day.
Got to 72 and stuffed pretty quick, bids completely dropped out. Spread up to .20 cents.
Seems for the moment buyers are defending prev day hi very well. Absorbing a lot again. A big bid just under it.
SPY hitting vwap and now dropping under it making LL. RVOL only at .8 so market needs to help.
Added as it couldnt break lower and ticked higher. Stop same for now.
Couldnt hold it, stopped out. There is case for re entry but need to see it.
MRNA
Weak stock that eventually reclaimed HTF level and held. Missed 1st chance to get in, buyers under vwap very strong and held and bought offer. Got a starter on 2nd chance with big bid as SL.
Added as we ticked higher.
Ran into hidden sell at 62 and we couldnt do it. I tried to get out all in front, but only got partial fill. Had to get out rest at stop loss.
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Re entry above 62 as it is not dropping lower and buyers keep hitting him. I imagine once we get above we can do something.
Got above and had great start to trade. Right to past pivot high. PT is 63 and we got volume cues looks great. No chance to add yet but stop moved to under 62 for tiny loss if it happens.
Only case to add at this point is on a breakout but I see no reason to do that yet. Waiting on 62.85 break and maybe after that.
Made HH but quickly retraced to HL. Stop is under 62 which has a bunch of potential S there. We have 62 + vwap + TL from LOD and HTF we are now above. Great spot to look to add.
Very Very low volume pullback.
Just noticed for some odd reason 62.15 has been in play all day. We pulled back to it twice now and held it. I saw some big bids just now but was too slow to react to it.
Tape picking up speed, buying coming in. Above this range should really see a good move. Lots of shorts all wrong if theyve been here.
Sellers have been here at this .50 still. Bulls still want it higher so must wait. No reason for early exit yet.
Time has passed, 62.15 is now in line with TL from LOD. Looking to add around here. Also have vwap + 62.
Flush of sell orders came in bringing us to 62. Buyers came in and held. I added.
Took him out at 62. All out.
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Right away, no flush and buyers still here. I got back in once we got back above .50 micro range.
Big offers still here but buying is too and were still holding above levels.
Think I just saw a hidden refresh seller.
Not liking volume action here. Slowly getting back to .30 is where I think he is. If I see him, im out. Have to wait for resolution here.
Getting very tight here. Looking to add if we bust higher.
Broke him, got the add.
Also just noticed that break was also a TL break from HOD. Sellers stepped back in. Have to deal with loss. Not enough warning signs yet, buyers still here.
Also making a giant triangle now. Were right in the middle.
Bids are definitely coming in.
Vol spiking and bids hitting offers into triangle TL break. SPY up, all names moving up. If we can break this range I still think well get a nice pop. .63 1st number to beat then .87
Annoying ass trade, we get to TL, some offers show up and we just slam back to 62. Pissed but holding.
Under vwap, under TL, stop is in under 62. If I can get out breakeven its a gift. Waiting for PA on pb higher.
Stock too tricky. Exited all above 62.
Will repeat again on breakdown of 62.
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Broke down and reclaimed again. Did not see entry reasons on tape.
Well getting sucked in again well see. HUGE bid showed just under vwap at 62.05 this time. Got in on him. Wanting to add right in front of him, well see.
Offers seem thinner this time around. Bids doing same thing as last time. Still there and stepping up, getting tight.
Some large rejection wicks on 1min now. Sellers kinda there nothing special.
Big bid no longer here. Back down to 62, stop just under.
Sellers took it out again and im out again. Death by paper cuts here. Nbd.
Makes sense to see a short here. I see nothing on tape. Watching.
Giant bids showed up again and taken out. Huge buys coming in still. Cannot make sense of this thing. Have to avoid. Only thing I think is safe now is a short but need to see the seller.
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Broke that level, did not quickly reclaim, but did come back and test above. There is TL from HOD that will be right in line with 62 and vwap. Going to look at tape and see if there is entry there.
Didnt see it until it was too late. Sellers came in big ones and stepped in front of each other, but not near 62.
Overall a very good day. DDOG trades were fine, MRNA gave me what I needed to see so no regrets. Maybe missed a decent short there but was tough to find conviction.
VTIQ is upsetting. I should be up near 500$ on that name If I got the fills I wanted for the size, where I wanted them. Too bad really. I think sometimes Ill just have to recognzie if I need to hit the market or go for the split depending on the situation. Either way traded it very well. Caught the good moves. Too bad I wasnt able to get a piece of the last move, but theres going to be tomorrow for some follow through. Good monday to start the week.
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