7/31 DRC
Last day of the month. Looking to follow my rules.
Lots of big name gappers today is what ill be watching. Just looking for clean price action at specific levels to trade off of. Everyone is beating and crushing expectations so we are having big gaps up, but so far this morning we seem to be giving some back. SPY gapping up real big after a huge positive day yesterday, making me think were due for a good pullback for a while at the bell.
Will have to sit patient and still while the market digests these moves. The bias is on for a long, but not so much until we can find a bottom first. There will certainly be buyers, but where is the floor they dont want it to go lower from.
I got a roll on my monthly review yesterday, had to stop working on it, ran out of time, looking to work on that a lot today, probably throughout the trading day.
1. Nothing but clean and clear setups with clear direction of strength or weakness
2. Get in Big picture idea.
ROKU l
TSLA l
AAPL
weak open for the market, all gappers right down. AAPL has nice confluence. VWAP and pmkt lo at 407. Looking for short.
Kept creeping higher, offers huge. Got to 408 and thick, saw SPY turn and AAPL start with them still huge, no go though, they kepy buying. Small L.
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Market started finding a base and falteened out. AAPL remained strong above vwap. Now looking for longs at it again. 408
Made tight range just under vwap and pmkt lo, popped above and looked like it was failing to find any strength above and got short.
Took a while but eventually had a decent flush to start breaking TL. SPY also turned lower for a flash, market may be getting weak again.
And SPY is turning lower with internals. Expecting this to hit LOD if sell off wants to continue. Up almost a point, no need for this to be full loss anymore, should be gone.
Small pb, turning point right now looks great. Needs to find it.
Trying to turn lower now. SPY same case, we look great for it.
Picture perfect at the moment. TL + retest and fail with market help. All signs point lower. Gotta hold.
Total fucking rip. Broke down, ripped right back up to out breakeven.
PINS
Also weak, got to pmkt R and 33 above vwap and saw some refresh hidden sell. Thought I got good spot, but quickly overcame by buying. SPY also popping higher slowly.
Eventually did roll over, but needed SPY to do it first.
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PINS saw hidden buying under vwap, coming back up to 33 again. Seeing if quick short is still here. SPY back and forth.
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Much later in day, seeing the same thing again. Hidden refresh buy vs sell.
EXPE
Weak gap name, retracing to daily breakout level above vwap, looking for failure up here. Market very weak.
FB
Strong gap name, now acting weak with weak market. Retracing to pmkt level, 252 looking for short.
Got it later on, SPY falling oto, FB broke higher anyways and stopped out.
Gave it another shot, this time after failing a break higher from TL and level, looked like it was rolling over, SPY too, but no go.
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Later in day market was recovering well. Back above vwap and trending. FB making a giant triangle with levels and vwap underneath. Hoping to get a solid pb to get long.
Will go for scalp long though. Has all criteria I need. 253 stuck under several times. If not 252 has been in play all day and right now tons of confluence around that area.
100k offer here. No way was I getting filled on that.
ROKU
Very strong open, blew up from D breakout level and then some, but weak market making it come all the way back. Thinking if SPY can be close to done with this sell off, ROKU is right at spot to bounce from.
SPY getting worse, maybe bouncing and ROKU starting to see it again. Tested under and above a few times. Now above, waiting on retrace.
Really not focused on too much today. Just want the month to be done with so I can review.
AAPL was most upsetting to see not play out. FB shorts were fine, I saw what I needed to, PINS also fine but probably the most back and forth. Tape signs on each end.
The real problem was not getting back in. PA so whippy and fakouts each side made it annoying to try and even look for a trade. Eventually the names did make moves I wanted to see, and missed a few others on other names. Detaching from little picture to get into big picture trades is key.
Lots of big name gappers today is what ill be watching. Just looking for clean price action at specific levels to trade off of. Everyone is beating and crushing expectations so we are having big gaps up, but so far this morning we seem to be giving some back. SPY gapping up real big after a huge positive day yesterday, making me think were due for a good pullback for a while at the bell.
Will have to sit patient and still while the market digests these moves. The bias is on for a long, but not so much until we can find a bottom first. There will certainly be buyers, but where is the floor they dont want it to go lower from.
I got a roll on my monthly review yesterday, had to stop working on it, ran out of time, looking to work on that a lot today, probably throughout the trading day.
1. Nothing but clean and clear setups with clear direction of strength or weakness
2. Get in Big picture idea.
ROKU l
TSLA l
AAPL
weak open for the market, all gappers right down. AAPL has nice confluence. VWAP and pmkt lo at 407. Looking for short.
Kept creeping higher, offers huge. Got to 408 and thick, saw SPY turn and AAPL start with them still huge, no go though, they kepy buying. Small L.
----------------------------------------------------------------------
Market started finding a base and falteened out. AAPL remained strong above vwap. Now looking for longs at it again. 408
Made tight range just under vwap and pmkt lo, popped above and looked like it was failing to find any strength above and got short.
Took a while but eventually had a decent flush to start breaking TL. SPY also turned lower for a flash, market may be getting weak again.
And SPY is turning lower with internals. Expecting this to hit LOD if sell off wants to continue. Up almost a point, no need for this to be full loss anymore, should be gone.
Small pb, turning point right now looks great. Needs to find it.
Trying to turn lower now. SPY same case, we look great for it.
Picture perfect at the moment. TL + retest and fail with market help. All signs point lower. Gotta hold.
Total fucking rip. Broke down, ripped right back up to out breakeven.
PINS
Also weak, got to pmkt R and 33 above vwap and saw some refresh hidden sell. Thought I got good spot, but quickly overcame by buying. SPY also popping higher slowly.
Eventually did roll over, but needed SPY to do it first.
----------------------------------------------------------------------------
PINS saw hidden buying under vwap, coming back up to 33 again. Seeing if quick short is still here. SPY back and forth.
--------------------------------------------------------------------
Much later in day, seeing the same thing again. Hidden refresh buy vs sell.
EXPE
Weak gap name, retracing to daily breakout level above vwap, looking for failure up here. Market very weak.
FB
Strong gap name, now acting weak with weak market. Retracing to pmkt level, 252 looking for short.
Got it later on, SPY falling oto, FB broke higher anyways and stopped out.
Gave it another shot, this time after failing a break higher from TL and level, looked like it was rolling over, SPY too, but no go.
---------------------------------------------------------------
Later in day market was recovering well. Back above vwap and trending. FB making a giant triangle with levels and vwap underneath. Hoping to get a solid pb to get long.
Will go for scalp long though. Has all criteria I need. 253 stuck under several times. If not 252 has been in play all day and right now tons of confluence around that area.
100k offer here. No way was I getting filled on that.
ROKU
Very strong open, blew up from D breakout level and then some, but weak market making it come all the way back. Thinking if SPY can be close to done with this sell off, ROKU is right at spot to bounce from.
SPY getting worse, maybe bouncing and ROKU starting to see it again. Tested under and above a few times. Now above, waiting on retrace.
Really not focused on too much today. Just want the month to be done with so I can review.
AAPL was most upsetting to see not play out. FB shorts were fine, I saw what I needed to, PINS also fine but probably the most back and forth. Tape signs on each end.
The real problem was not getting back in. PA so whippy and fakouts each side made it annoying to try and even look for a trade. Eventually the names did make moves I wanted to see, and missed a few others on other names. Detaching from little picture to get into big picture trades is key.
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