6/15 DRC
Did not do any trading aside from after friday review. Woke up and slept in today with thoughts of taking it super easy on trading while working on review
MRNA
Triangle premarket above HTF. Tape was A+ got in for a new Pmkt hi push. Happened right as the bell and it sold off back to entry. Small win.
DAL
and air had strong open, all cam into vwap + prev lod and held. DAL had strong tape and I got starter after it failed a few times to break lower under vwap. Tape was great and added as it ticked higher. Got pretty big. SPY stills strong and everything seems to be trending higher with internals following it.
Came up to whole number 29 with fairly low volume. Seems to be slowing down. Looking to cover small to cover risk and ensure profit. No need for this to turn into a decent sized loss anymore. Airlines pushing higher still looks good for new HOD.
Got above and held with new vol kick.
Other airlines ripping now DAL having trouble with rel weakness. Took off small on new 1 min low. Stop for rest just under vwap at breakeven.
Airlines pulled back fairly aggressively. DAL into vwap above HTF again. Not looking great here, but also chance to reload if I see it.
Pull in came right to entry and bounced back up hard. Will be stop.
Making nice tight triangle, volume got v low as it bounced and held higher above vwap again, other airlines also holding higher SPY still up. Looks good but needs to find vol on break. If we make a new high here and dont ill look to take half off on new pivot break.
broke lower from TL, didnt get lower but I am seeing sellers come in, we arent losing it yet though.
Got back above 29 and other airlines up too. We found refresh large sellers here, looking to cover more if we cant get above this.
Well we did break with vol, other airlines up. Looks like im going to have to hold all for HOD here. Stop moved up only a little, but will be green.
I took off early, we pulled in on low volume. SPY was making a new low after failing ot make new highs, internals also failed higher and started making new lows. Airlines the same thing. Once DAL lost micro low I covered more. Will put back on if I see something.
Slowly grinded its way all the way back down and got out just above breakeven.
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Got out and turned right back up again. Time to work with it now so no problems getting back in, need to see retest. Market is getting weaker though.
AAL
AAL was the re entry here, SPY came into vwap and AAL found big buying and selling with buying winnine at around .60 just under vwap. Added as I saw the buiyers take it back up and kept adding as we got higher. Nice range to work with and added more on TL break + range break.
Broke with big vol increase, SPY also bounced higher from vwap. All these names had a strong open, got above levels, held above them and coiled all morning, If we want to continue the up move this would be the point to do it from.
AAL strongest of airlines here, others not popping well yet but look ready to.
They all started, SPY just exploded to new HOD with a point in a minute higher. AAL following with good vol. Stop moving up to just under vwap to breakeven.
Massive bid came in and was taken out. Worried about retracements here in the market. SPY ripped up pretty quick, got stalled at HOD. probably time to retest a bit lower. Gotta deal with it on AAL still.
Pulled down to top of prev range and held and ripped back up. Will be new stop to cover half. We should be going by now.
.89 1st new pivot made to break, then .96 then 16 then HOD at 16.04
Everything making new highs.
Seeing big big selling in AAL. Buyers here too though on bid.
I feel like fiddling and taking off some early like DAL. But I dont think I see enough reasons to be concerned yet. We have big selling but buyers are matching and still hitting tape hard. Absorbing the selling.
Minor TL is holding up price here, just under 16/ Would be a good spot to look to take some early if we bust it and make 1min lows. And did take off some as we broke lower. Lots of volume and price not moving any higher. Tape is very red.
Sellers definitely trying to take over up here. Wicks are here and price getting stuffed lower. Airlines ripping up. AAL lagging not finding it.
Made new highs eventually, not HOD yet. Sellers here are massive and refreshing. All airlines exploding higher. AAL once the strongest leader of the day, is not able to get past these sellers yet.
And new HOD made. Really too bad. All other airlines went para and AAL just didnt have it in there. Out half. Disappointing a bit but still good trade.
Nothing in the way aside from fridays VA starting 16.40 Only ways I exit last bit is over extensions from channel or new pivot low.
Para ended, retracing.
New stop is on last PB would be 15.99
And happened pretty quick all out as others are also dumping back lower. Shame, AAL went from strongest to weakest.
Calling it an early day. Need to work on other trading things today.
MRNA
Triangle premarket above HTF. Tape was A+ got in for a new Pmkt hi push. Happened right as the bell and it sold off back to entry. Small win.
DAL
and air had strong open, all cam into vwap + prev lod and held. DAL had strong tape and I got starter after it failed a few times to break lower under vwap. Tape was great and added as it ticked higher. Got pretty big. SPY stills strong and everything seems to be trending higher with internals following it.
Came up to whole number 29 with fairly low volume. Seems to be slowing down. Looking to cover small to cover risk and ensure profit. No need for this to turn into a decent sized loss anymore. Airlines pushing higher still looks good for new HOD.
Got above and held with new vol kick.
Other airlines ripping now DAL having trouble with rel weakness. Took off small on new 1 min low. Stop for rest just under vwap at breakeven.
Airlines pulled back fairly aggressively. DAL into vwap above HTF again. Not looking great here, but also chance to reload if I see it.
Pull in came right to entry and bounced back up hard. Will be stop.
Making nice tight triangle, volume got v low as it bounced and held higher above vwap again, other airlines also holding higher SPY still up. Looks good but needs to find vol on break. If we make a new high here and dont ill look to take half off on new pivot break.
broke lower from TL, didnt get lower but I am seeing sellers come in, we arent losing it yet though.
Got back above 29 and other airlines up too. We found refresh large sellers here, looking to cover more if we cant get above this.
Well we did break with vol, other airlines up. Looks like im going to have to hold all for HOD here. Stop moved up only a little, but will be green.
I took off early, we pulled in on low volume. SPY was making a new low after failing ot make new highs, internals also failed higher and started making new lows. Airlines the same thing. Once DAL lost micro low I covered more. Will put back on if I see something.
Slowly grinded its way all the way back down and got out just above breakeven.
----------------------------------------------------------------------------
Got out and turned right back up again. Time to work with it now so no problems getting back in, need to see retest. Market is getting weaker though.
AAL
AAL was the re entry here, SPY came into vwap and AAL found big buying and selling with buying winnine at around .60 just under vwap. Added as I saw the buiyers take it back up and kept adding as we got higher. Nice range to work with and added more on TL break + range break.
Broke with big vol increase, SPY also bounced higher from vwap. All these names had a strong open, got above levels, held above them and coiled all morning, If we want to continue the up move this would be the point to do it from.
AAL strongest of airlines here, others not popping well yet but look ready to.
They all started, SPY just exploded to new HOD with a point in a minute higher. AAL following with good vol. Stop moving up to just under vwap to breakeven.
Massive bid came in and was taken out. Worried about retracements here in the market. SPY ripped up pretty quick, got stalled at HOD. probably time to retest a bit lower. Gotta deal with it on AAL still.
Pulled down to top of prev range and held and ripped back up. Will be new stop to cover half. We should be going by now.
.89 1st new pivot made to break, then .96 then 16 then HOD at 16.04
Everything making new highs.
Seeing big big selling in AAL. Buyers here too though on bid.
I feel like fiddling and taking off some early like DAL. But I dont think I see enough reasons to be concerned yet. We have big selling but buyers are matching and still hitting tape hard. Absorbing the selling.
Minor TL is holding up price here, just under 16/ Would be a good spot to look to take some early if we bust it and make 1min lows. And did take off some as we broke lower. Lots of volume and price not moving any higher. Tape is very red.
Sellers definitely trying to take over up here. Wicks are here and price getting stuffed lower. Airlines ripping up. AAL lagging not finding it.
Made new highs eventually, not HOD yet. Sellers here are massive and refreshing. All airlines exploding higher. AAL once the strongest leader of the day, is not able to get past these sellers yet.
And new HOD made. Really too bad. All other airlines went para and AAL just didnt have it in there. Out half. Disappointing a bit but still good trade.
Nothing in the way aside from fridays VA starting 16.40 Only ways I exit last bit is over extensions from channel or new pivot low.
Para ended, retracing.
New stop is on last PB would be 15.99
And happened pretty quick all out as others are also dumping back lower. Shame, AAL went from strongest to weakest.
Calling it an early day. Need to work on other trading things today.
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