6/24 DRC
Pretty slow day yesterday, SPY was in tight range all day, never saw much strength or weakness. Trading reflected in, very slow only 2 names looked good. Traded well though, sitting on my hands is still a viable strat.
Today SPY gapping down a bit. We were in the middle of breaking out higher from a triangle after failing a break lower, now can only assume well test the lows again. Actually have majority shorts planned today on SPOT, FSLY, DKNG,WMT, MRNA, TSLA, COST. We shall see.
Todays goals same as yesterday. Dont shoot at everything. Wait until its clean and clear before pulling the trigger. No need to give back any gains on trades that arent A+ looking.
1. Dont take anything that isnt clean and clear
2. Stay aggressive, if all stars are aligning, short seems to be where the big moves can happen today
3. Follow profit taking rules, let it work.
APT
strong open, big pop and came back to vwap and got under into prev hod. Saw some good buying hold, lost it then reclaimed again. SPY was dumping pretty good. Got a starter and added when we broke above an offer. SPY just collapsing though, stopped out quick.
SPY
Reversal setup, good price action tape and volume. Got entry, stalled added on new high. Came back to entry though, out tiny loss.
CODX
After SPY was down with its dump, found some footing, CODX reclaimed prev HOD + vwap + todays prev hod and had a bid sitting at it above vwap. Got in in front.
Few minutes passed, seeing decent bids and offers, no one winning yet. Vol drying up good.
SPY looking like it might want lower again. CODX hasnt done a thing, moving my stop up to under new bid at 19.
Broke offers and got above micro range, now need to break 5min range. Added. Needs above .20 and we have big offer showed up at .15 after testing .18
Huge buying came in, we got above and I added, stuffed a bit lower again, not breaking .20 yet. 10 star trade so looking to keep adding.
Broke, tried to add no fill, bids right away following it up. Stop able to move to just under breakeven. Nice pop with small vol increase. Waiting for HOD. Looks to get there.
.53 number to beat, some thick offers up here. SPY turning up with internals. Market getting strong.
Big D breakout at .84 if it can do it, would be awesome. Still holding high and tight, nice TL holding it up and bids following still.
New stop to work with, TL combining with recent micro pivot. Will secure a win, needs to keep rolling, dont want to give it all back. Rejection up here makes sense with all the selling im seeing.
Trying to relate it to other big name squeezers like APT INO. Currently both ripping higher, should add a case.
Broke TL and got bought up, will be new stop under it. Volume this whole up move not impressive.
Not finding buying now. May get stopped out. Selling coming in aggro. And stopped all out. Looking to get back in. Got fucked on slippage.
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Quick flash lower, grinding its way back up on even lower volume. Looking to get back in at 19 + vwap + prev day high. Volume telling me we wont get new HOD here. Pissed if we do. SPY also rolled over, made new LOD internals weak again.
Tape not here yet, big buy came in but RR is not here. Need to wait for vwap or just be ok with missing. Unless big bid comes in and I can risk off him in front.
Big sell came in on offer, dropped all levels. Will have to wait and watch tape and reclaim levels for re entry.
May have been a hidden buyers under vwap at .95. Someone took the big offer, waiting on retest again. Want in at 19. Good .15 cent S zone here.
And got it, came to 19 we had some bids sitting with TL and vwap. Got a starter when we broke offer, added as we went more, added when another rush of buys came in and broke another offer.
And then big offer showed up. and at same time big bid. Odd. Waiting.
Took him, bids showed up and stepped up and we have vol bump. Added more into TL break from past pivot just under HOD. Looks like turning point. SPY still at LOD internals getting stronger though, still weak. APT INO high and strong.
Broke TL, not a lot of vol again, buying here, but not a lot. Might look to exit early on some big bid break if hes still here. Other TL from near LOD in play and just under price supporting.
If I see better tape action I need to add. 10star trade.
10 star but intraday points are most important. We do not have volume or tape on this attempted break higher. Making me want to get half out. Waiting.
Broke mini pivot at .24 and right to next at .30, broke it too. Tape picking up speed. Trade doesnt need to be a loss at this point. Next level to break is .40 then .48 then HOD .53
Offers still thick up here, small vol kick. Gotta run like the rest of the runners, or else its not a runner. Looks good though now. INO APT ripping higher. Gotta be sympathy here. Lucky me.
40k at .50, broke and new HOD. Nice. Half off soon.
Immediate stuff after HOD with selling not a good sign. Take half is in though, respected the wait time. And half out, SPY new LOD again, INO APT still up and holding.
Gotta deal with a deep pb on this one. Flash dumping .30 cents on me again, but no good spot to put take other half yet. Gotta wait. Wont let it past breakeven. No need for this to be a loss after hitting PT.
Came into contact with TL, found no support, broke under and came back up, will be new stop just at tiny profit. Also is place to add if I see something
Decent bid size showed up, stop under him for small win.
Well now SPY is collapsing and were finding strength. Not seeing reasons at all to add to this, all buying must be passive on dips. Offers still here, vol slow on up moves. Just looks bad.
Moving stop up again to new bid that showed up at .25. Lots of red on tape. And out.
MGNX
Super slow trader but in play from a while back. Held on all day long above prev LOD, then got under and held under a pivot so nice RR. For 3 days it failed to get and break above a major D breakout and had small tight reversal candle yesterday. Today looks perfect to see it dump it. All those long term longs looking to get out.
There is not a single daily pivot to look for all the way to 25.50 There is a past D level that bounced a few times at 27.65 so that will be 1st stop.
Nice flush to start, getting under LOD with volume. Reasons are here to add on pbs so well see.
Whole time SPY crashing, MGNX saw no selling.
Finally rolled over made new LOD. looking to take half off on some kind of failed attempt lower. Super slow names like these I need to give some time.
Half as it got back above .60
Expecting this to be an all day runner stop is in above 28.
Couldnt hold lower, got above 28 and out rest. Small win.
BA
Market dumping hard. few names giving reversal setups. BA tried once, didnt go, had a little left to the downside. Then internals blew up and tried BA again, much better performer but ultimately it and SPY couldnt find that quick pop I like to see so out breakeven. Overall decent loss. And tried a scalp, had nice start, but failed. Trying to be on same side as SPY here.
SPOT
Big D reversal. Lost it with SPY, came back to vwap and prev LOD and reset.
Waited a while but rejected twice getting above and saw good selling on the way back down. SPY also got to vwap and failed lower coming into uptrend line from LOD, same as SPOT. Internals rolling over lower. Been waiting for market to get weaker and I think this is the moment we turn lower again.
Broke TL on v low volume same as SPY. Candles look great, PA is there, gotta let it be. Late in day, low vol time. Gotta give it a lot of time. Stop can be reduced a bit though. Looking at vwap for exit.
And right away SPY ripped higher and SPOT followed. Out full loss.
Bit of a rough day. Ending small green gave back a good chunk on trying to get that BA long of the dump. CODX didnt treat me well, was a hard read but is what made me green on the day. SPOT I think im too big on, big mover, strong market at the moment. Took an 80$ hit on a late in day trade when I dont need to be that big that quick.
Today SPY gapping down a bit. We were in the middle of breaking out higher from a triangle after failing a break lower, now can only assume well test the lows again. Actually have majority shorts planned today on SPOT, FSLY, DKNG,WMT, MRNA, TSLA, COST. We shall see.
Todays goals same as yesterday. Dont shoot at everything. Wait until its clean and clear before pulling the trigger. No need to give back any gains on trades that arent A+ looking.
1. Dont take anything that isnt clean and clear
2. Stay aggressive, if all stars are aligning, short seems to be where the big moves can happen today
3. Follow profit taking rules, let it work.
APT
strong open, big pop and came back to vwap and got under into prev hod. Saw some good buying hold, lost it then reclaimed again. SPY was dumping pretty good. Got a starter and added when we broke above an offer. SPY just collapsing though, stopped out quick.
SPY
Reversal setup, good price action tape and volume. Got entry, stalled added on new high. Came back to entry though, out tiny loss.
CODX
After SPY was down with its dump, found some footing, CODX reclaimed prev HOD + vwap + todays prev hod and had a bid sitting at it above vwap. Got in in front.
Few minutes passed, seeing decent bids and offers, no one winning yet. Vol drying up good.
SPY looking like it might want lower again. CODX hasnt done a thing, moving my stop up to under new bid at 19.
Broke offers and got above micro range, now need to break 5min range. Added. Needs above .20 and we have big offer showed up at .15 after testing .18
Huge buying came in, we got above and I added, stuffed a bit lower again, not breaking .20 yet. 10 star trade so looking to keep adding.
Broke, tried to add no fill, bids right away following it up. Stop able to move to just under breakeven. Nice pop with small vol increase. Waiting for HOD. Looks to get there.
.53 number to beat, some thick offers up here. SPY turning up with internals. Market getting strong.
Big D breakout at .84 if it can do it, would be awesome. Still holding high and tight, nice TL holding it up and bids following still.
New stop to work with, TL combining with recent micro pivot. Will secure a win, needs to keep rolling, dont want to give it all back. Rejection up here makes sense with all the selling im seeing.
Trying to relate it to other big name squeezers like APT INO. Currently both ripping higher, should add a case.
Broke TL and got bought up, will be new stop under it. Volume this whole up move not impressive.
Not finding buying now. May get stopped out. Selling coming in aggro. And stopped all out. Looking to get back in. Got fucked on slippage.
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Quick flash lower, grinding its way back up on even lower volume. Looking to get back in at 19 + vwap + prev day high. Volume telling me we wont get new HOD here. Pissed if we do. SPY also rolled over, made new LOD internals weak again.
Tape not here yet, big buy came in but RR is not here. Need to wait for vwap or just be ok with missing. Unless big bid comes in and I can risk off him in front.
Big sell came in on offer, dropped all levels. Will have to wait and watch tape and reclaim levels for re entry.
May have been a hidden buyers under vwap at .95. Someone took the big offer, waiting on retest again. Want in at 19. Good .15 cent S zone here.
And got it, came to 19 we had some bids sitting with TL and vwap. Got a starter when we broke offer, added as we went more, added when another rush of buys came in and broke another offer.
And then big offer showed up. and at same time big bid. Odd. Waiting.
Took him, bids showed up and stepped up and we have vol bump. Added more into TL break from past pivot just under HOD. Looks like turning point. SPY still at LOD internals getting stronger though, still weak. APT INO high and strong.
Broke TL, not a lot of vol again, buying here, but not a lot. Might look to exit early on some big bid break if hes still here. Other TL from near LOD in play and just under price supporting.
If I see better tape action I need to add. 10star trade.
10 star but intraday points are most important. We do not have volume or tape on this attempted break higher. Making me want to get half out. Waiting.
Broke mini pivot at .24 and right to next at .30, broke it too. Tape picking up speed. Trade doesnt need to be a loss at this point. Next level to break is .40 then .48 then HOD .53
Offers still thick up here, small vol kick. Gotta run like the rest of the runners, or else its not a runner. Looks good though now. INO APT ripping higher. Gotta be sympathy here. Lucky me.
40k at .50, broke and new HOD. Nice. Half off soon.
Immediate stuff after HOD with selling not a good sign. Take half is in though, respected the wait time. And half out, SPY new LOD again, INO APT still up and holding.
Gotta deal with a deep pb on this one. Flash dumping .30 cents on me again, but no good spot to put take other half yet. Gotta wait. Wont let it past breakeven. No need for this to be a loss after hitting PT.
Came into contact with TL, found no support, broke under and came back up, will be new stop just at tiny profit. Also is place to add if I see something
Decent bid size showed up, stop under him for small win.
Well now SPY is collapsing and were finding strength. Not seeing reasons at all to add to this, all buying must be passive on dips. Offers still here, vol slow on up moves. Just looks bad.
Moving stop up again to new bid that showed up at .25. Lots of red on tape. And out.
MGNX
Super slow trader but in play from a while back. Held on all day long above prev LOD, then got under and held under a pivot so nice RR. For 3 days it failed to get and break above a major D breakout and had small tight reversal candle yesterday. Today looks perfect to see it dump it. All those long term longs looking to get out.
There is not a single daily pivot to look for all the way to 25.50 There is a past D level that bounced a few times at 27.65 so that will be 1st stop.
Nice flush to start, getting under LOD with volume. Reasons are here to add on pbs so well see.
Whole time SPY crashing, MGNX saw no selling.
Finally rolled over made new LOD. looking to take half off on some kind of failed attempt lower. Super slow names like these I need to give some time.
Half as it got back above .60
Expecting this to be an all day runner stop is in above 28.
Couldnt hold lower, got above 28 and out rest. Small win.
BA
Market dumping hard. few names giving reversal setups. BA tried once, didnt go, had a little left to the downside. Then internals blew up and tried BA again, much better performer but ultimately it and SPY couldnt find that quick pop I like to see so out breakeven. Overall decent loss. And tried a scalp, had nice start, but failed. Trying to be on same side as SPY here.
SPOT
Big D reversal. Lost it with SPY, came back to vwap and prev LOD and reset.
Waited a while but rejected twice getting above and saw good selling on the way back down. SPY also got to vwap and failed lower coming into uptrend line from LOD, same as SPOT. Internals rolling over lower. Been waiting for market to get weaker and I think this is the moment we turn lower again.
Broke TL on v low volume same as SPY. Candles look great, PA is there, gotta let it be. Late in day, low vol time. Gotta give it a lot of time. Stop can be reduced a bit though. Looking at vwap for exit.
And right away SPY ripped higher and SPOT followed. Out full loss.
Bit of a rough day. Ending small green gave back a good chunk on trying to get that BA long of the dump. CODX didnt treat me well, was a hard read but is what made me green on the day. SPOT I think im too big on, big mover, strong market at the moment. Took an 80$ hit on a late in day trade when I dont need to be that big that quick.
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