7/22
Yesterday was a bit better. More focused, traded less. Market was a confusing mess. Could not get a solid follow through on the things I was seeing on the internals. Things made the move I was expecting, but not after failing a few times and getting stuck in chop for half an hour. Pretty much expecting the same today.
SPY did make that big breakout, but so far we arent seeing anything significant. No volume increase, things arent ripping up anymore. Making me think we are failing and wanting a rollover.
Still mainly planning longs as we havent seen that rollover yet. But must be ready for it. Lately when they do happen, we are getting those big red days dropping hard and fast and continuing the moves lower. Nothing at the moment looks good for that but I do have a couple.
On the other side of things, some of the squeezers look ready to squeeze, getting super tight, starting to coil the 9,20,50,100 MAs and getting above. Could see a real nice pop in them.
Lots to look at today. Must stay on my game.
1. Only take trades located at Prev hod/lod or d bo levels.
2. Stay aggressive. Get big on fav + 10star
3. Dont obsess getting the bottom. BIG Picture is in play, get in the trade with small size and risk, add it back lower if you get the chance.
4. Market is slow for moment. If getting out and reclaims. Get back in. BIG Picture.
NFLX S
BYND S
APT L
CAKE L
CAKE
Scalp. All thats missing is the failure. Squeeze stocks are popping this morning and CAKEs got a real nice pattern going, just under prev hod with vol cues. Market strong. Tape strong, vol strong, pattern strong, location strong. Theme strong.
Got in and added. Is fav but not 10 star.
Great pop. Huge vol, kept going. Took majority off. Letting rest go. BIG PICTURE.
Pulled in with v low vol to 23 + TL. Waiting to see if add is here.
Giving me new stop to work with if TL broken. Much better re entry at 22.85 Lots of confluence.
Well it held and popped higher. Dont think I want to be that aggressive in adding back in yet.
And all out as it broke that level.
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Vol is not strong on these small pop ups its having. Thinking itll come for a vwap test so no early entries yet. Patient.
Big offer showed up. No one taking him. No one selling.
Not giving me a chance here. Might miss. Ok with that, not giving me anything I see worth getting back in yet.
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Well unfortunately missed the move. Pissed but I did what I needed to do. Cant trade just cause. Gotta follow process. I see now way to get back in on that that wouldve made sense to me.
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Maybe giving me something finally. SPY is popping up hard so might leave without me. Falling wedge into d bo and vwap and TL. waiting.
PLAY
Same deal as CAKE, just not as tight. Missed scalp entry, waiting to see if I can get in on quick pb to level. Not as explosive as CAKE. Everything else the same. Failed. Not taking yet.
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Much later in day, did have solid up move and made a falling wedge into vwap + daily level. I want in. Waiting on vwap test to get in some. Not HTF spot, Not favorite. No need for big $$$
APRN
Another squeeze name with some movement. Nice vol above prev hod and came back under it and vwap where we saw some decent selling, but price not dropping. We broke above some offers and I got in and added when we followed it up with more buying.
Pulled in a second and saw more bids come in, broke an offer and added more. Not full fill yet.
We kept popping and another huge bid came in. 2nd ive seen on the day. Stop can be tightened a bit. Loss still possible but not -1R.
Bid broke, someone took him, decent flush lower. No follow through yet.
Think I just saw a hidden refresh seller. Well see.
V slow low vol pull in back to vwap. Not comfortable here, but need to hold. Price at breakeven here and we held a bit, took out a decent sized offer, no follow up. Bids thinning. SPY lost vwap.
Starting to tick back up, bids coming back in, SPY also rising back above vwap here. May have been what it needed. Stop now just under breakeven.
Added a bit more. This is chance to curl up and explode from triangle.
We had a good pop to start our auction back up, quickly drying out. Dont want to be a trapped long here or I will get wrecked.
Triangle getting tight on top end. MAs underneath, vol very low, bids showing back up. Above .61 is pop we need. Offers are here and have been for some time now. Must be quick to get out.
And we dropped into vwap and im all out. Small L. Looking to get back in if I see it. 14.45 is HTF level. VWAP at .49 TL at .47
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Broke lower into bottom TL and then some. Looking for bids here to hold and step up for re entry. Did not get and looks ready for a big flush. Glad to be out. Will have to reclaim later for re entry.
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And much later in day it did reclaim. Got above with some vol and pulled back on low vol. 9star, 10 star with tape. Not holding, no trade.
APT
solid squeezer at good spot. SPY is currently falling off a cliff though and APT just broke down from vwap and TL into HTF zone + HTF TL. Tough call here but waiting to see tape. Shouldnt get in yet.
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Much later, made big range break after being under vwap and above htf tl all mid day. Got above and came back to prev hod range high. Looking for long. Market still up and holding higher.
Broke down, bids were here, we stepped up and I got big starter. Looking to add. SPY not strong or popping higher, internals v tight if anything starting a break down.
And SPY did flush a bit, APT followed bids gone and im out.
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Right after exit, it reclaimed and SPY blew up with internals. APT reclaimed and found bids again and im back in.
Added as we ticked up with good tape and vol cues coming in, should be turning point.
We turned I added more bids getting thcik SPY rising. Looking for new HOD. Ran out of BP not as big as id like to be.
10star + fav + tape + fail + mkt correlation. Looks great. Lets see.
Were back above MAs on 1 min, just a 9 on 5min is right above us. All signs pointing higher here. Internals not making HH here still sideways, but did fail lower. Will probably be cue for SPY. SPY seems to want it now.
Big buy just came though, absorbed like it was nothing. Problem.
And SPY pulling down hard with internals following. APT not losing price yet.
Been holding my avg price for a few mins now. Broke down into some decent bids. If theyere out, im out.
Couldnt do it, all out.
COST
Weak all day. ATH failure. Weak. Broke down when SPY did alongside, no good ways to get in but now pulling back to vwap + prev lod. Looking for short.
Made a nice range, still weak while SPY rising. Waiting for break above into vwap and HTF to fail and short.
Kind of a tough call here. Market is ramping up and cost not failing. Might not get that good short. Low Rvol and already done 80% range. need tape cues or its an avoid.
SPY ripped up and COST followed. Too much too far, no trade.
SPY
SPY got weak after floating around vwap. Sold off hard twice and came back up into it. This time with internals tight and TL from HOD on top. Internals not making new highs got in off of rejection. But stopped out.
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Went for it again as it failed that break and internals started dropping.
Its a battle here, very tight range and we cannot break free. Internals tell me we want lower.
Several minutes now, cannot get through one way or the other.
Internals started rising and SPY broke up out again.
Well a pretty long unfortunate day. Was up decently thanks to CAKE. No way back in though with good RR so tough. SPY losses fine. APRN great exit.
APT too damn bad. Had everything it needed and then SPY started failing its upmove and dumped lower and APT followed. I do not mind the loss. 100% compliance today I did everything I was supposed to including size so no regrets. Took a big L on that last APT trade but losing 250 to make 1000+ means im doing what I need to. One of them will go, just a mtter of time and being there.
SPY did make that big breakout, but so far we arent seeing anything significant. No volume increase, things arent ripping up anymore. Making me think we are failing and wanting a rollover.
Still mainly planning longs as we havent seen that rollover yet. But must be ready for it. Lately when they do happen, we are getting those big red days dropping hard and fast and continuing the moves lower. Nothing at the moment looks good for that but I do have a couple.
On the other side of things, some of the squeezers look ready to squeeze, getting super tight, starting to coil the 9,20,50,100 MAs and getting above. Could see a real nice pop in them.
Lots to look at today. Must stay on my game.
1. Only take trades located at Prev hod/lod or d bo levels.
2. Stay aggressive. Get big on fav + 10star
3. Dont obsess getting the bottom. BIG Picture is in play, get in the trade with small size and risk, add it back lower if you get the chance.
4. Market is slow for moment. If getting out and reclaims. Get back in. BIG Picture.
NFLX S
BYND S
APT L
CAKE L
CAKE
Scalp. All thats missing is the failure. Squeeze stocks are popping this morning and CAKEs got a real nice pattern going, just under prev hod with vol cues. Market strong. Tape strong, vol strong, pattern strong, location strong. Theme strong.
Got in and added. Is fav but not 10 star.
Great pop. Huge vol, kept going. Took majority off. Letting rest go. BIG PICTURE.
Pulled in with v low vol to 23 + TL. Waiting to see if add is here.
Giving me new stop to work with if TL broken. Much better re entry at 22.85 Lots of confluence.
Well it held and popped higher. Dont think I want to be that aggressive in adding back in yet.
And all out as it broke that level.
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Vol is not strong on these small pop ups its having. Thinking itll come for a vwap test so no early entries yet. Patient.
Big offer showed up. No one taking him. No one selling.
Not giving me a chance here. Might miss. Ok with that, not giving me anything I see worth getting back in yet.
-------------------------------------------------------
Well unfortunately missed the move. Pissed but I did what I needed to do. Cant trade just cause. Gotta follow process. I see now way to get back in on that that wouldve made sense to me.
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Maybe giving me something finally. SPY is popping up hard so might leave without me. Falling wedge into d bo and vwap and TL. waiting.
PLAY
Same deal as CAKE, just not as tight. Missed scalp entry, waiting to see if I can get in on quick pb to level. Not as explosive as CAKE. Everything else the same. Failed. Not taking yet.
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Much later in day, did have solid up move and made a falling wedge into vwap + daily level. I want in. Waiting on vwap test to get in some. Not HTF spot, Not favorite. No need for big $$$
APRN
Another squeeze name with some movement. Nice vol above prev hod and came back under it and vwap where we saw some decent selling, but price not dropping. We broke above some offers and I got in and added when we followed it up with more buying.
Pulled in a second and saw more bids come in, broke an offer and added more. Not full fill yet.
We kept popping and another huge bid came in. 2nd ive seen on the day. Stop can be tightened a bit. Loss still possible but not -1R.
Bid broke, someone took him, decent flush lower. No follow through yet.
Think I just saw a hidden refresh seller. Well see.
V slow low vol pull in back to vwap. Not comfortable here, but need to hold. Price at breakeven here and we held a bit, took out a decent sized offer, no follow up. Bids thinning. SPY lost vwap.
Starting to tick back up, bids coming back in, SPY also rising back above vwap here. May have been what it needed. Stop now just under breakeven.
Added a bit more. This is chance to curl up and explode from triangle.
We had a good pop to start our auction back up, quickly drying out. Dont want to be a trapped long here or I will get wrecked.
Triangle getting tight on top end. MAs underneath, vol very low, bids showing back up. Above .61 is pop we need. Offers are here and have been for some time now. Must be quick to get out.
And we dropped into vwap and im all out. Small L. Looking to get back in if I see it. 14.45 is HTF level. VWAP at .49 TL at .47
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Broke lower into bottom TL and then some. Looking for bids here to hold and step up for re entry. Did not get and looks ready for a big flush. Glad to be out. Will have to reclaim later for re entry.
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And much later in day it did reclaim. Got above with some vol and pulled back on low vol. 9star, 10 star with tape. Not holding, no trade.
APT
solid squeezer at good spot. SPY is currently falling off a cliff though and APT just broke down from vwap and TL into HTF zone + HTF TL. Tough call here but waiting to see tape. Shouldnt get in yet.
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Much later, made big range break after being under vwap and above htf tl all mid day. Got above and came back to prev hod range high. Looking for long. Market still up and holding higher.
Broke down, bids were here, we stepped up and I got big starter. Looking to add. SPY not strong or popping higher, internals v tight if anything starting a break down.
And SPY did flush a bit, APT followed bids gone and im out.
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Right after exit, it reclaimed and SPY blew up with internals. APT reclaimed and found bids again and im back in.
Added as we ticked up with good tape and vol cues coming in, should be turning point.
We turned I added more bids getting thcik SPY rising. Looking for new HOD. Ran out of BP not as big as id like to be.
10star + fav + tape + fail + mkt correlation. Looks great. Lets see.
Were back above MAs on 1 min, just a 9 on 5min is right above us. All signs pointing higher here. Internals not making HH here still sideways, but did fail lower. Will probably be cue for SPY. SPY seems to want it now.
Big buy just came though, absorbed like it was nothing. Problem.
And SPY pulling down hard with internals following. APT not losing price yet.
Been holding my avg price for a few mins now. Broke down into some decent bids. If theyere out, im out.
Couldnt do it, all out.
COST
Weak all day. ATH failure. Weak. Broke down when SPY did alongside, no good ways to get in but now pulling back to vwap + prev lod. Looking for short.
Made a nice range, still weak while SPY rising. Waiting for break above into vwap and HTF to fail and short.
Kind of a tough call here. Market is ramping up and cost not failing. Might not get that good short. Low Rvol and already done 80% range. need tape cues or its an avoid.
SPY ripped up and COST followed. Too much too far, no trade.
SPY
SPY got weak after floating around vwap. Sold off hard twice and came back up into it. This time with internals tight and TL from HOD on top. Internals not making new highs got in off of rejection. But stopped out.
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Went for it again as it failed that break and internals started dropping.
Its a battle here, very tight range and we cannot break free. Internals tell me we want lower.
Several minutes now, cannot get through one way or the other.
Internals started rising and SPY broke up out again.
Well a pretty long unfortunate day. Was up decently thanks to CAKE. No way back in though with good RR so tough. SPY losses fine. APRN great exit.
APT too damn bad. Had everything it needed and then SPY started failing its upmove and dumped lower and APT followed. I do not mind the loss. 100% compliance today I did everything I was supposed to including size so no regrets. Took a big L on that last APT trade but losing 250 to make 1000+ means im doing what I need to. One of them will go, just a mtter of time and being there.
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