8/5 DRC

Short day for me today. Only have 30 minutes to trade after the open so will have to look to find something good and settle if I dont. Days like these are usually when I try to force something so sitting on my hands has to be goal #1. Stay patient and dont take anything unless its what I need to see.

SPY gapping up big today. Expecting a pullback at the open, might not get any good market strength from the bell to make any of my longs look better but we will see. If we do pull down at the bell, cant expect to find any good longs unless they are acting like it or SPY quickly gets bought up. But because of how large that gap is, might not be until an hour or two into the day until we find that solid bottom.

1. Dont take anything that isnt clean and clear at the HTF level.
2. Be ok with walking away today.

ROKU
BABA
BA
DG
PFE
All air/pot/cruise/restaurant

Did charting this morning instead of last night. Sucks. Theres a lot going on right now and things look super bullish. Could be a day to spend all day at the desk.

I think I may end up purchasing some options as I leave the desk. If some names are setting up, but not quite where I want yet, I am ok with low risk options here to bet on all day squeezes. If the stock itself isnt giving what I want, but action still bullish and looking like it has more, ill take a daily swing on them. Not going to be risking more than 50$ on any one given option though, if they are losers, they dont need to be that big. Same with wins, dont need to be risking like its an A+ setup. Wallet padders.

BABA

sideways open, bounced once from prev HOD, looking like it can do it again. Tape was great last time but saw no way in, was too fast and not enough attempts. Coming back down.

BA



Good pop at open and each time tape hit prev hod, was way too quick fo rme to get in, but looking like I might get another chance here. Market is up, BA has good looking S udner still.

Tape looked good for a while, kept spiking back up and we got above big hidden refresh sell so I was in and added. No go though.

DG

strong open with volume, slowly came back under vwap to ATH. Looking for buying here for a long. ATH at .85, LOD at .80

Looked good for a moment but unable to hold on, may reset later but wont be here.





Doesnt look like im getting anything, nor things setting up yet, too bad, will have to come back and see what I missed later today.

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