8/10 DRC
Looking like a busy monday. Lots of names popping. Cruise/air/restaurant/hotel names all in play and looking ready for another break higher. Got them charted and ready to go. Will be focus on the day.
SPY still making its way higher, no reason to believe any downside significance yet. Can clearly see out there in high beta that stocks are tired and ready for a deeper pullback. Lots of names still coming out with earnings, good earnings, and gapping down a good chunk giving back a decent amount of these huge run ups.
My trading only needs to focus on a few things to fix the problems ive been having.
1. Get in the trade. Small size if miss best entry on break of range.
2. Re enter after exiting near breakeven if the tape is still there.
3. Follow Profit taking rules. Let the trade run.
TSLA
NKLA
BNTX
M
DRI
PK
PLAY
TGI
Airlines
Should be a fun day. Just need to stay focused and wait for my setups.
PLAY
Names popping at the open, PLAY came back to HTF breakout level and we found good tape action and buying, saw big bid come in and that was my starter, added as we went.
Chopped around a bit but ended up +1R and out for tiny loss.
Not getting re entry, but making move anyways. Will wait.
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Made new HOD but failed rolled over back to under vwap + htf level + TL.
Must have good tape here, looks weak under vwap and MAs curling lower with vol weak on pop up.
Never saw it never went, broke lower. Maybe something later.
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Failed a break lower, bough tup super low vol now. Up to test vwap, looking for pb back to HTF for long.
Broke above vwap and past micro range high, SPY looking the same, looking for retrace still. TL will be with it.
Got a TL break lower, bought up with some bids, went for entry, but no go.
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Right after exit, got bought up with vol and im back in. added a few times and we got above MAs and vwap. Is turning point needs to go.
Broke TL from HOD with vol. SPY dumping lower not helping at all. If we dont go this is warning signs and need out.
And we couldnt go all out.
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Again, made its move higher anyways. Bottom ticked out, couldve given it another tick lower as it wouldve been a micro range break low and it did hold. No way back in though. Waiting on vwap retest for entry.
RRGB
weak all day, low vol into prev hod looking for buying. So far yes, but market and everything on a downturn at the moment. Think ill need either real clear cues or 2nd attempt.
Broke downtrend from HOD, small vol spike, waiting on retest of HTF at .82
DRI
restaurant name. Strong open, sideways since. Made nice range above vwap and broke higher above dbo level. Looking for retrace to get long.
Hovered under HOD, SPY crashing lower finally DRI giving in and dropping. Looking.
Broke TL didnt hit HTF or vwap or range low, vol back to TL v v low. May not be time yet, SPY has found bottom. Need t see a range breka lower into vwap for long. Cant get ahead of myself here.
Got up from desk for a minute and it triggered and I missed. Have to wait again. SPY made another leg lower though might get it.
Did get it and added as we bid up. There is top TL above, we just broke it, vol kick is here, spread getting v wide. Needs to go now, we reclaimed MAs so this is turning point. Added a bit more, not great RR anymore.
Held above MAs, Decent offer ahead of recent range high. Needs to get through. stop near breakeven for now.
Broke but no reaction, bids tight, needs to find it. Warning signs. Huge order came through, cant tell if sell, but reaction is positive.
Offer at .82 not big at all, just broke him. HOD at 82, warning signs still here. Stop is for small win.
Slow steady grind higher. Have to deal. Old TL from LOD will be right at HOD break.
Vol not really picking up into HOD push here, were .05 cents short so far, candles small offers here, bids thin a bit. Stop moving to 50%. low .70s im out.
within .03 cents now. Should wait and there it is. Half out on 1min low. No vol increase or tape significance. SPY still grinding higher recovering.
Rather unimpressed with the move, taking majority off instead of half. Last partial stop set to 50% of move. Not a great HOD break but PA is here, so is RVOL and a theme. Can run but maybe not right now.
Dropped pretty quick .30 cents just above 50%, so that will be new stop.
Turned right back new HOD. There are a few TLs to work with here. Old TL may come into play and we have a current uptrend line to use for over extension.
And stuffed lower just as fast as it got up. Leaving it alone. Looking at BA
Real fast got me all out.
TSLA
Weak all day, pulling back into vwap + D bo level. Looking for shorts at vwap.
Got there, big offer at 22, added as we dropped more, very quickly out of BP so stuck with smaller size. Tape was ok though, low vol pull in to it, seeing some more on downside.
Great going so far, into TL from LOD, up 1R, stop resetting. Options do not look good, not interested in adding.
Came back up to entry and saw decent offers right at stop, but got through and out.
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Later in day reset and failed at vwap and breakout, got back under prev lod and made tight range, busted above and failed and good tape brought us lower, I got in and added.
Looking for new LOD here, SPY also rolling over right now under vwap into prev hod and internals also looking weak ready to make new lows.
Nice start, not big vol but price dropped, up +2R, stop moving to positive.
Under 1408 for 1st breakdown, under 1405 for 2nd,
Hate to see it but failed to get any lower, didnt break, right back to stop, will be all out. Drop was on v low vol so guess I should take as warning signs.
Lucky broke down still in, stop tightened a little. Needs to find it right now and drop.
Did not, ripped up to stop and got me out. Maybe re entry
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Built under prev lod again, looking for rejection on break higher.
Broke higher as SPY ripping higher with internals. Waiting to see tape, will be only cue in. No
Now at vwap there is also D bo level, so this can also be good spot.
Good selling here above vwap, SPY ripped made new HOD and TSLA had vol, kinda tough here, need to be patient.
Got to 1423 and found big offer at TL from prev pivots. Looks like good spot + failure here. Market is weakening, SPY too.
Sellers seem to be winning up here, Volume here too. Need retest of vwap and actual level, we stuffed lower for now.
New range under 1421, offers here so are bids, another failure seems possible. SPY new HOD got rejected lower.
We started moving lower and offers followed and I chased. We broke micro range we had then offers evaporated. Quick exit as it pulled back up. Stupid.
RRGB
Squeeze name building sideways all day, failing lower and getting pushed lower. Re entry broke TL from HOD with vol, retraced to TL and HTF level on low vol and had good sized bids. Got in. Added as we tried again.
Stuck at .94 where VWAP and my entry is, not best but tape is here. SPY now rolling over lower. Waiting on break of vwap to add more.
Broke above, bids followed I added, stop reduced. I would like to see HOD from this but I think I might want to much on that. Has been building all day and were seeing good strength signs now. I dont think its impossible to happen, but is it likely? Today is a day to see it so lets see.
Were stepping higher till, slowly. I see big offers here still, this would be time to bust through, HTF charts looking very very squeezy.
Dropped lower to last bid I saw for stop. TL from LOD and all MAs right here as well. Will wait on action to decide. Small offers following price lower.
SPY popping higher, didnt matter RRGB broke lower all out. Maybe re entry.
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All MAs were so tight, now price under all into HTF level. Would like to dip buy not sure its a good idea, looks to breakdown hard well see.
Broke, bid up right away, waiting on next tick to see if Im in, and I am, i stepped up so did others. Looking to test top TLs and vwap again. Added again on TL from HOD break into vwap, repeat of last trade.
Needs to go straight to it again, back above all MAs. Not expecting HOD, but mid day range pivot break at 10.07, avg in 9.91 stop at 9.85 for moment.
Added small bit more as we got above micro range high again, into last TL. 10 would be big kick here.
Other names popping here, RRGB the laggard.
Bailed a bit early, just doesnt look like it has it. Dropped a bit lower so guess I saved some money. Will have to wait for clear break higher to get back in.
My rules juuuuuuuust messed with me enough to shake me out of 2 good PLAY wins before the real move came.
Tough day, basically a scrath day only down -$70 so not a big deal. Tough to look at the action today. Seeing these monster moves higher, and nothing really gave me a clean chance to be a part of it. Followed rules, did what I needed to. Re entered when necessary. Iunno just one of those days. Fortunate to be small red.
SPY still making its way higher, no reason to believe any downside significance yet. Can clearly see out there in high beta that stocks are tired and ready for a deeper pullback. Lots of names still coming out with earnings, good earnings, and gapping down a good chunk giving back a decent amount of these huge run ups.
My trading only needs to focus on a few things to fix the problems ive been having.
1. Get in the trade. Small size if miss best entry on break of range.
2. Re enter after exiting near breakeven if the tape is still there.
3. Follow Profit taking rules. Let the trade run.
TSLA
NKLA
BNTX
M
DRI
PK
PLAY
TGI
Airlines
Should be a fun day. Just need to stay focused and wait for my setups.
PLAY
Names popping at the open, PLAY came back to HTF breakout level and we found good tape action and buying, saw big bid come in and that was my starter, added as we went.
Chopped around a bit but ended up +1R and out for tiny loss.
Not getting re entry, but making move anyways. Will wait.
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Made new HOD but failed rolled over back to under vwap + htf level + TL.
Must have good tape here, looks weak under vwap and MAs curling lower with vol weak on pop up.
Never saw it never went, broke lower. Maybe something later.
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Failed a break lower, bough tup super low vol now. Up to test vwap, looking for pb back to HTF for long.
Broke above vwap and past micro range high, SPY looking the same, looking for retrace still. TL will be with it.
Got a TL break lower, bought up with some bids, went for entry, but no go.
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Right after exit, got bought up with vol and im back in. added a few times and we got above MAs and vwap. Is turning point needs to go.
Broke TL from HOD with vol. SPY dumping lower not helping at all. If we dont go this is warning signs and need out.
And we couldnt go all out.
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Again, made its move higher anyways. Bottom ticked out, couldve given it another tick lower as it wouldve been a micro range break low and it did hold. No way back in though. Waiting on vwap retest for entry.
RRGB
weak all day, low vol into prev hod looking for buying. So far yes, but market and everything on a downturn at the moment. Think ill need either real clear cues or 2nd attempt.
Broke downtrend from HOD, small vol spike, waiting on retest of HTF at .82
DRI
restaurant name. Strong open, sideways since. Made nice range above vwap and broke higher above dbo level. Looking for retrace to get long.
Hovered under HOD, SPY crashing lower finally DRI giving in and dropping. Looking.
Broke TL didnt hit HTF or vwap or range low, vol back to TL v v low. May not be time yet, SPY has found bottom. Need t see a range breka lower into vwap for long. Cant get ahead of myself here.
Got up from desk for a minute and it triggered and I missed. Have to wait again. SPY made another leg lower though might get it.
Did get it and added as we bid up. There is top TL above, we just broke it, vol kick is here, spread getting v wide. Needs to go now, we reclaimed MAs so this is turning point. Added a bit more, not great RR anymore.
Held above MAs, Decent offer ahead of recent range high. Needs to get through. stop near breakeven for now.
Broke but no reaction, bids tight, needs to find it. Warning signs. Huge order came through, cant tell if sell, but reaction is positive.
Offer at .82 not big at all, just broke him. HOD at 82, warning signs still here. Stop is for small win.
Slow steady grind higher. Have to deal. Old TL from LOD will be right at HOD break.
Vol not really picking up into HOD push here, were .05 cents short so far, candles small offers here, bids thin a bit. Stop moving to 50%. low .70s im out.
within .03 cents now. Should wait and there it is. Half out on 1min low. No vol increase or tape significance. SPY still grinding higher recovering.
Rather unimpressed with the move, taking majority off instead of half. Last partial stop set to 50% of move. Not a great HOD break but PA is here, so is RVOL and a theme. Can run but maybe not right now.
Dropped pretty quick .30 cents just above 50%, so that will be new stop.
Turned right back new HOD. There are a few TLs to work with here. Old TL may come into play and we have a current uptrend line to use for over extension.
And stuffed lower just as fast as it got up. Leaving it alone. Looking at BA
Real fast got me all out.
TSLA
Weak all day, pulling back into vwap + D bo level. Looking for shorts at vwap.
Got there, big offer at 22, added as we dropped more, very quickly out of BP so stuck with smaller size. Tape was ok though, low vol pull in to it, seeing some more on downside.
Great going so far, into TL from LOD, up 1R, stop resetting. Options do not look good, not interested in adding.
Came back up to entry and saw decent offers right at stop, but got through and out.
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Later in day reset and failed at vwap and breakout, got back under prev lod and made tight range, busted above and failed and good tape brought us lower, I got in and added.
Looking for new LOD here, SPY also rolling over right now under vwap into prev hod and internals also looking weak ready to make new lows.
Nice start, not big vol but price dropped, up +2R, stop moving to positive.
Under 1408 for 1st breakdown, under 1405 for 2nd,
Hate to see it but failed to get any lower, didnt break, right back to stop, will be all out. Drop was on v low vol so guess I should take as warning signs.
Lucky broke down still in, stop tightened a little. Needs to find it right now and drop.
Did not, ripped up to stop and got me out. Maybe re entry
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Built under prev lod again, looking for rejection on break higher.
Broke higher as SPY ripping higher with internals. Waiting to see tape, will be only cue in. No
Now at vwap there is also D bo level, so this can also be good spot.
Good selling here above vwap, SPY ripped made new HOD and TSLA had vol, kinda tough here, need to be patient.
Got to 1423 and found big offer at TL from prev pivots. Looks like good spot + failure here. Market is weakening, SPY too.
Sellers seem to be winning up here, Volume here too. Need retest of vwap and actual level, we stuffed lower for now.
New range under 1421, offers here so are bids, another failure seems possible. SPY new HOD got rejected lower.
We started moving lower and offers followed and I chased. We broke micro range we had then offers evaporated. Quick exit as it pulled back up. Stupid.
RRGB
Squeeze name building sideways all day, failing lower and getting pushed lower. Re entry broke TL from HOD with vol, retraced to TL and HTF level on low vol and had good sized bids. Got in. Added as we tried again.
Stuck at .94 where VWAP and my entry is, not best but tape is here. SPY now rolling over lower. Waiting on break of vwap to add more.
Broke above, bids followed I added, stop reduced. I would like to see HOD from this but I think I might want to much on that. Has been building all day and were seeing good strength signs now. I dont think its impossible to happen, but is it likely? Today is a day to see it so lets see.
Were stepping higher till, slowly. I see big offers here still, this would be time to bust through, HTF charts looking very very squeezy.
Dropped lower to last bid I saw for stop. TL from LOD and all MAs right here as well. Will wait on action to decide. Small offers following price lower.
SPY popping higher, didnt matter RRGB broke lower all out. Maybe re entry.
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All MAs were so tight, now price under all into HTF level. Would like to dip buy not sure its a good idea, looks to breakdown hard well see.
Broke, bid up right away, waiting on next tick to see if Im in, and I am, i stepped up so did others. Looking to test top TLs and vwap again. Added again on TL from HOD break into vwap, repeat of last trade.
Needs to go straight to it again, back above all MAs. Not expecting HOD, but mid day range pivot break at 10.07, avg in 9.91 stop at 9.85 for moment.
Added small bit more as we got above micro range high again, into last TL. 10 would be big kick here.
Other names popping here, RRGB the laggard.
Bailed a bit early, just doesnt look like it has it. Dropped a bit lower so guess I saved some money. Will have to wait for clear break higher to get back in.
My rules juuuuuuuust messed with me enough to shake me out of 2 good PLAY wins before the real move came.
Tough day, basically a scrath day only down -$70 so not a big deal. Tough to look at the action today. Seeing these monster moves higher, and nothing really gave me a clean chance to be a part of it. Followed rules, did what I needed to. Re entered when necessary. Iunno just one of those days. Fortunate to be small red.
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