8/17 DRC
Market high and tight on lo vol, never mattered before until it did so trend and bias still up. Lots off pullbacks in names seem to be holding on, this week will be a pretty big deciding week in what the theme is going to be going forward.
1. Fail to hold pbs and breakdown?
2. Hold pbs and breakdown levels, fail, return and make new highs with strong vol
3. Hold pbs, but sideways for the week
4. Hold pbs, sideways, rollover lower
For now im betting on returns to the highs.
Not too much going on to day specifically, will be interested in the gap names if we start popping again. Weve now pulled back from our quick pop and looks like were curling higher again.
Starting to have more short setups appear as well. TLs broken to the downside, levels lost, trends broken. Should be interesting. SPY currently above prev HOD and looking to break out to the upside of the 3 day range and just 1 point after, new ATHs.
1. Stay slow and patient and wait for my best setups to appear. Must remember last 3 trading days I only had 5 different names to trade, and only 3 real solid setups.
2. Follow PT rules
3. Follow RISK rules, get big.
CNK
Weak open for market, CNK bit slow but vol just came in. Hovering at level, but whole market weak, need to wait for real good tape for entry.
Broke through zone of support but saw big bids whole time, want a reclaim.
MBOT
Breaking news name, pulled weak open into big D bo level and we saw lots of bids getting taken out, but they are here. Popped higher, coming back down to test level again, maybe entry.
Broke down new LOD, but quickly reclaimed, going to have to see a pop higher come back and test again. Setup could be a lot better.
And has all signs of a 10star trade here. Fail vol tape. Big bids here but getting taken out. Waiting for my level to come into play, need to see it.
And made new LOD anyways. Will have to reclaim again.
AMZN
Weak sideways open, later broke higher above prev hod and intraday hod. SPY was rolling over weak but AMZN didnt care. Looking for pb to prev hod for long.
And broke it lower into vwap, will have to have some time pass, MAs could look better as well as price.
Coiling around vwap, MAs getting tight, vol less, internals strengthening. Looking for some way long here.
Well missed my chance, broke down range under vwap and HTF level and reclaimed. Didnt see anything special on tape, but now back above HTF level with MAs under. Looking on new pb/
Held higher for a while and came back to HTF level. Long is now if I see it. Market still long and strong.
Big offer came in, we dipped lower, didnt go anywhere. We break above him im in.
Sideways for a bit again, nothing special on buy side, but also not dropping any lower. Other offer came in in front of other big one. Still waiting.
And failed pretty good and broke down under everything into range bottom. Might see a decent sell off from this if we fail. Not interested in shorting.
SPAQ
Stock wasnt even on watchlist, missed a setup here as there is one on HTF.
Strong open, nice pop with vol above pre hod and making range just above it. Broke down once and bought up, then failed a TL break higher now back into it again. Maybe a breakdown here to buy
Currently not taking no matter what. Only at 7 stars, need at least 9. Failure and tape will bring it up, Market SPY dumping atm.
Made a penny range break lower into some bids.
Not a damn thing today.
Maybe ROKU short later,
Maybe AMZN long later if reclaims
Maybe WKHS short if it fails lower again
Maybe SPAW long, cant see it now.
Just gonna deal with a no trade day. Is fine.
1. Fail to hold pbs and breakdown?
2. Hold pbs and breakdown levels, fail, return and make new highs with strong vol
3. Hold pbs, but sideways for the week
4. Hold pbs, sideways, rollover lower
For now im betting on returns to the highs.
Not too much going on to day specifically, will be interested in the gap names if we start popping again. Weve now pulled back from our quick pop and looks like were curling higher again.
Starting to have more short setups appear as well. TLs broken to the downside, levels lost, trends broken. Should be interesting. SPY currently above prev HOD and looking to break out to the upside of the 3 day range and just 1 point after, new ATHs.
1. Stay slow and patient and wait for my best setups to appear. Must remember last 3 trading days I only had 5 different names to trade, and only 3 real solid setups.
2. Follow PT rules
3. Follow RISK rules, get big.
CNK
Weak open for market, CNK bit slow but vol just came in. Hovering at level, but whole market weak, need to wait for real good tape for entry.
Broke through zone of support but saw big bids whole time, want a reclaim.
MBOT
Breaking news name, pulled weak open into big D bo level and we saw lots of bids getting taken out, but they are here. Popped higher, coming back down to test level again, maybe entry.
Broke down new LOD, but quickly reclaimed, going to have to see a pop higher come back and test again. Setup could be a lot better.
And has all signs of a 10star trade here. Fail vol tape. Big bids here but getting taken out. Waiting for my level to come into play, need to see it.
And made new LOD anyways. Will have to reclaim again.
AMZN
Weak sideways open, later broke higher above prev hod and intraday hod. SPY was rolling over weak but AMZN didnt care. Looking for pb to prev hod for long.
And broke it lower into vwap, will have to have some time pass, MAs could look better as well as price.
Coiling around vwap, MAs getting tight, vol less, internals strengthening. Looking for some way long here.
Well missed my chance, broke down range under vwap and HTF level and reclaimed. Didnt see anything special on tape, but now back above HTF level with MAs under. Looking on new pb/
Held higher for a while and came back to HTF level. Long is now if I see it. Market still long and strong.
Big offer came in, we dipped lower, didnt go anywhere. We break above him im in.
Sideways for a bit again, nothing special on buy side, but also not dropping any lower. Other offer came in in front of other big one. Still waiting.
And failed pretty good and broke down under everything into range bottom. Might see a decent sell off from this if we fail. Not interested in shorting.
SPAQ
Stock wasnt even on watchlist, missed a setup here as there is one on HTF.
Strong open, nice pop with vol above pre hod and making range just above it. Broke down once and bought up, then failed a TL break higher now back into it again. Maybe a breakdown here to buy
Currently not taking no matter what. Only at 7 stars, need at least 9. Failure and tape will bring it up, Market SPY dumping atm.
Made a penny range break lower into some bids.
Not a damn thing today.
Maybe ROKU short later,
Maybe AMZN long later if reclaims
Maybe WKHS short if it fails lower again
Maybe SPAW long, cant see it now.
Just gonna deal with a no trade day. Is fine.
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