9/15 DRC
Market has entered choppy range zone. We have dropped, we have tested the lows, we have failed to make a new low and now look to test top of range. This should mean I have a lot less setups right? Wrong. I have 49 stocks to watch today. How. I do my usual charting and I am seeing stuff everywhere right now. Doesnt even matter if SPY is in the middle of the range, we got plenty of other names looking to make breaks some direction.
Beatdowns back in play, strong yesterday looking for more today. Air/Cruise very tight. Biotech seems to be perking up, might get some nice squeezes there. The old major run up tech names look tired. Ready for a possible break down.
Edge is to the bulls, we had a strong day yesterday and held it all. Looking at our big range in SPY from 333 to 343. A break one way or the other and ill start to really think we have strength or weakness again. What I do think is going to happen is well be stuck in between this for a while. Prev ATH at 339 will also be a major level to be holding above, so until one or the other, not expecting much market help. The stock is going to have to prove itself what it wants to do through its own tape.
Yesterday my emotions were on fire. Pissed at everything. Couldnt get a grip. There is only 1 main focus today.
1. Be in every trade you are supposed to be in. Take the breaks, watch the tape at the level, get in the trade when you are supposed to be in it.
DDOG FSLY NIO APPS FUTU GRWG WFC BTAI Air/cruise/beatdown
All charts at bottom
APPS
Sold off at open into level. Good tape. Partial fill.
Came back to entry got my add.
Dipped a bit lower but tape is great and added more as we broke high. New HOD looks likely market strong.
Complete stuff move. Lost whole break it just had. Out.
DOCU
weak, reclaimed HTF level, good tape added. Added more on mini pivot break into vwap.
Quickly got me out. SPY also dumped
Reclaimed but there seems to be hidden selling every few levels, will wait on total reset.
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And did make it back after vwap test. Buyers were here, ripped it back up
Cannot get filled. Stuck waiting for pb or break, lost it lower.
ALLO
super slow name, solid D setup. Great action, in on pivot break above vwap and level.
Action and buying here after break, added bit more. Market getting strong again.
Made new HOD. I want 36.60 as its a D hi level and just short of 1ATR. Yest range however was 3 pts and weve only just broken out on D. Will let it be.
Following 9ma for half. TL very steep from lod in play now.
And we got there, super extended. Might have to adjust ideas here, already spready and came back .20 cents on me.
Sell is coming in, but were still taking. Going to be all out here. And all out.
AVGO
Really nice looking triangle with MAs and breakout level. Well above htf levels originally wanting, now continuation.
Actually broke lower into vwap tls and MAs, thinking long is here on failed mini breakdown if I see it
And we did and im in. Bough tup back into MAs and TL, good tape. SPY sideways
And wrong within seconds. SPY also dumped hard.
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Later reset making huge base above bo level. Looking for failed breakdown to buy in front.
And got it, bad entry but great tape. Had to chase a bit. SPY still up and market looking strong again, but we have been everywhere today. Expecting AVGO to see some good follow through, want HOD.
Made other move up into minor TL and added more. Stop tightened a bit. Vol really growing.
V low pb to TL and entry. V strong bounce and added more.
Cant quite blast off through vwap yet. SPY at breakout point, vol less here coming back to breakeven.
Can see sellers coming in and all out small loss. Sucks to see.
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1min engulfing means back in. I didnt, it came back to vwap and held with good tape and got back in with momo higher. Added more.
Up to breakout point and added more on break. Waiting for HOD.
TL from HOD broke as well. Should see it.
Took a bi but broke from TL and pivot hard and exploded to new HOD. Only half size from original entry. sucks. But still making it back.
Came to HOD, didnt break. Have to hold up 3r.
Made the break, took 1/3, rest on 9ma and pivtos. Chance for all day run. Big D breakout at 372.50
Dumped more lower out most. last bit to hold.
Lost it all. Lost TL under 370, waiting to see if reclaim. And it did, will be stop.
Decent bounce but weka, and market looking weak. All out as it turned lower.
GRWG
Solid pops, cant drop lower, recently reclaimed old bo level, retested it under vwap on low vol, looking for buying
Started ticking up welll and in along with SPY recovery.
Problem already vol very low on this quick move up.
We kept popping higher though, adding more. Top TL almost in play, 1st pivot break at .58, also prev high here right now at .48.
Vol was so low here, have to deal with some pb but not much.
Coincidentally pot stock ripping higher right now.
Came down to stop and bottom TL and vwap and MAs, needs to get better now, still super low vol.
And we did rip back up I added, and then just as fast back down again. And back up, tape getting crazy. We do have vol bump and into breakout. Will add more. SPY exploding higher. We are very tight edge clearly to bulls.
Added as we broke out. Decent offer at .50 shouldnt be a problem if we are that strong. SPY stopped moving higher for moment. Bids stepping up we look good. If we dont go this is warning signs and need to be out. And big bid showed up.
Added right in front of big buy, and right after we lost it all out. SPY also fuckin dumping hard again.
H MAR CAKE
All breakouts. Beatdowns been ripping, these 3 strong into HOD breaks and took them all.
Great start for all.
CAKE weak, back to entry and HTF level. Looking to add. To bottom TL from lod. Stalling. And strong bounce, added more with stop there.
Wanted to add to all, currently in 4 trades all winners. Maxed BP though so stuck with what I got.
Got out of AVGO so can add here. Added to CAKE with momo. Others blasting off. Added again on break into HOD. Looking for
H and MAR going PARA will be all out as I see it turn.
CAKE the only one that hasnt blown up yet. Made new HOD with vol.
Other beatdowns turning, might be end of runup
Still moving along though, CAKE still cannot get past 31.01 now. Making nice rising wedge. Will have to bail if it cant hold up past entry anymore
9ma holding well for others, catching up, can use as stop.
MAR turned and out, CAKE failed and all out for loss. H very close as well. And all out
LYV
Beatdown that hasnt run up yet but in very bullish spot. Super tight triangle with MAs under. Hitting bottom TL now will see if entry here for breakout scalp.
Start spiking up, got in, all the sudden bid drops .10 cents on me.
Biggest what the fuck trade i ever had. Fucked me on entry, price action, and exit. And of course no surprise it recovers right away and engulfs higher so back in.
At lrast this time we had big bid show up, but taken out right away and already back to stop holy hell. And back up engulfing again added. Dealing with it.
Back to stop, rips back up, this thing is a nightmare.
Beuatiful HTF charts, but it is messing with me hard right now under TL from triangle. Still above everything else here and vol growing but not dropping. Only adding on tape or breaks.
And did get break add. 3min passed as we went up with several transactions, got super lsow needs to find it now or out. Into top TL.
So odd. Keep stepping up but vol is nowhere to be seen. Feel like its going ot collapse any second. Not breakout things you want to see, but price is still in a good spot. Stricture so bullish.
And it did, all out.
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Spiked back up to breakout point, and broke out, and im back in, and it dumped on me right away with big offers in now.
Came right to stop, held, bounced up. Joke. Out.
SPOT
coiled lower all day, now got super tight with market weakness and SPY breaking down, SPOT also broke lower and retesting breakout now, looking at entry short.
Good selling and as we broke mini range lower im in, no follow up, SPY and market at the moment pushing higher.
Now starting to roll over, still hasnt broken mini range to upside.
We pushed lower well and offers followed I add. Added more with momentum and again. Looks great looking for lod at 238.84. 1st pivot to break is 240.33 then .11 and looks like a straight shot to LOD. We are so tight here theres a lot of pressure to go through. Still looking great with vol kick.
240 has held several times, the shoul dbe the one it doesnt hold any longer.
Got to new bottom TLs and looks like its holding, no follow up after 1st flush. Back to breakeven, must hold still.
Vol died. Internals perking up and trending higher now, SPY back above vwap looking like we want higher. SPOT still holding on under everything, last chance.
Offers stacked, SPY on this up move super low vol as well, internals back over. Will add if I see it.
Didnt last long, market back up again, internals split, trying to make new highs. SPOT super tight, next few minutes will be at apex of new triangle.
We started going, added. Will add on breakdown. Market looking ready to roll over lower. SPY such low vol test above vwap, might turn into sell off as we held high all day and cant do anymore. Also making a triangle there too, v tight as well. edge to bulls I hate to say. All the better short if it happens. SPOT might be waiting for it.
We are at such a deciding point right now in the market. Will be v interesting to see what happens.
And SPY broke lower into bottom TL and pivot with vol, SPOT broke lower and I added max BP. Damn big right now. Internals did not follow, And SPY just exploded higher. F
Broke TL higher in SPOT as well, no follow up, SPY actually rejecting and internals not following that pop. Fake outs both directions it seems, still holding. Offers now coming in stepping lower.
Seeing disconnect here, SPOT tape weak while SPY strong, just broke lower, see if we can flush hard here. Stop set to just above breakeven, if we go we should never come back.
And theres the snap. Spiked back up though, huge selling col. Have to hold. Market stil trying to be strong but weakening higher.
We should not be coming back, and we are coming back. Problem.
Back at breakeven, not making this easy on me. Lot of possible R here, have to deal for moment. Retrace to breakdown point on decent vol, nothing special.
Stepping lower again, breakeven is perfect spot to be out now. SPY looks lower, internal trend higher getting weaker and weaker less aggro up.
SPY turning lower with internals, SPOT all over it with offers coming in stepping lower.
Vol dead on this auction lower, SPY didnt turn any lower and bought back up, internals still showing weakness, but unless SPOT does something soon, might be done.
SPY breaking out higher, internals rejecting. SPOT no follow up, top TLS still just above price.
Internals collapsing, SPY not seeing it yet, SPOT did though, big sell came through again, but right back up again. Odd stuff here. Still gotta hold it seems.
Big buy came in, no response, SPY still up despite weakness in internals. FANG strong. SPOT still holding under.
Spiked up all out small loss.
Trade Review
APPS
Only problem was not getting back in.
DOCU
Good adds, good action, stuffed me, and happened to rise from stop out. Fine.
ALLO
Good entry, didnt let it go without me or miss it. Added well. Spread killed exit p/l but is what it is. Good trade.
AVGO
1st time. Not the best trade, but good enough to take. Smaller risk, small loss. Fine.
GRWG
Picture perfect in multiple cases, just didnt have the gas. Fav and 10star all signs pointed up and got huge. No luck. Good trade.
H MAR
Great trades, didnt miss, clear theme. Good entry. Good exits.
CAKE
Too bad here. Great price action, great tape, was just not able to get past 31 for a blow off move like the rest of the beatdowns. Late exit as I was watching other names at the moment, lost a bit extra no big deal.
LYV
Makes me want to punch a hole in my monitor. Total chop fest. Got caught up in revenge trading it. Great price action, after 1st failure should have been an avoid, not by any HTF levels and too much failure and unclean tape. Even now looking at tape should have been an avoid. Only 8 stars.
SPOT
Super disappointing. Mental capital gone after exit. Gave re entry ques and had nothing left in me to want to trade anymore. Drifted its way to profit target. just not when I wanted. Had to shake me out for a loss first.
AVGO
2nd and 3rd.
2nd was great. Had everything I could ask for. Just ticked me out and got out before it decided to run up again. Rewatching tape it was a good exit. Tape and vol said lower, cant be upset. Thats why we get back in when it resets.
Well its not as bad as it seems. LYV is the only real killer today. Everything I was good with. H and MAR the trades to add to, but didnt have BP at the time. So many things could have gone differently its hard to really say that if I fix them all ill be fine. I traded what I saw and managed my trades the way I know I should.
Just fine tuning things. I exited when I should, not perfect but did what I needed. Being faster is big. And of course the usual main thing. Getting in the damn trade is what will do it for me. APPS huge win miss. SPOT huge win miss. H and MAR had potential for a lot more. Just tighten up. Be better tomorrow. More focus. Quality trades and decisions and ill be good to go.
Beatdowns back in play, strong yesterday looking for more today. Air/Cruise very tight. Biotech seems to be perking up, might get some nice squeezes there. The old major run up tech names look tired. Ready for a possible break down.
Edge is to the bulls, we had a strong day yesterday and held it all. Looking at our big range in SPY from 333 to 343. A break one way or the other and ill start to really think we have strength or weakness again. What I do think is going to happen is well be stuck in between this for a while. Prev ATH at 339 will also be a major level to be holding above, so until one or the other, not expecting much market help. The stock is going to have to prove itself what it wants to do through its own tape.
Yesterday my emotions were on fire. Pissed at everything. Couldnt get a grip. There is only 1 main focus today.
1. Be in every trade you are supposed to be in. Take the breaks, watch the tape at the level, get in the trade when you are supposed to be in it.
DDOG FSLY NIO APPS FUTU GRWG WFC BTAI Air/cruise/beatdown
All charts at bottom
APPS
Sold off at open into level. Good tape. Partial fill.
Came back to entry got my add.
Dipped a bit lower but tape is great and added more as we broke high. New HOD looks likely market strong.
Complete stuff move. Lost whole break it just had. Out.
DOCU
weak, reclaimed HTF level, good tape added. Added more on mini pivot break into vwap.
Quickly got me out. SPY also dumped
Reclaimed but there seems to be hidden selling every few levels, will wait on total reset.
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And did make it back after vwap test. Buyers were here, ripped it back up
Cannot get filled. Stuck waiting for pb or break, lost it lower.
ALLO
super slow name, solid D setup. Great action, in on pivot break above vwap and level.
Action and buying here after break, added bit more. Market getting strong again.
Made new HOD. I want 36.60 as its a D hi level and just short of 1ATR. Yest range however was 3 pts and weve only just broken out on D. Will let it be.
Following 9ma for half. TL very steep from lod in play now.
And we got there, super extended. Might have to adjust ideas here, already spready and came back .20 cents on me.
Sell is coming in, but were still taking. Going to be all out here. And all out.
AVGO
Really nice looking triangle with MAs and breakout level. Well above htf levels originally wanting, now continuation.
Actually broke lower into vwap tls and MAs, thinking long is here on failed mini breakdown if I see it
And we did and im in. Bough tup back into MAs and TL, good tape. SPY sideways
And wrong within seconds. SPY also dumped hard.
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Later reset making huge base above bo level. Looking for failed breakdown to buy in front.
And got it, bad entry but great tape. Had to chase a bit. SPY still up and market looking strong again, but we have been everywhere today. Expecting AVGO to see some good follow through, want HOD.
Made other move up into minor TL and added more. Stop tightened a bit. Vol really growing.
V low pb to TL and entry. V strong bounce and added more.
Cant quite blast off through vwap yet. SPY at breakout point, vol less here coming back to breakeven.
Can see sellers coming in and all out small loss. Sucks to see.
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1min engulfing means back in. I didnt, it came back to vwap and held with good tape and got back in with momo higher. Added more.
Up to breakout point and added more on break. Waiting for HOD.
TL from HOD broke as well. Should see it.
Took a bi but broke from TL and pivot hard and exploded to new HOD. Only half size from original entry. sucks. But still making it back.
Came to HOD, didnt break. Have to hold up 3r.
Made the break, took 1/3, rest on 9ma and pivtos. Chance for all day run. Big D breakout at 372.50
Dumped more lower out most. last bit to hold.
Lost it all. Lost TL under 370, waiting to see if reclaim. And it did, will be stop.
Decent bounce but weka, and market looking weak. All out as it turned lower.
GRWG
Solid pops, cant drop lower, recently reclaimed old bo level, retested it under vwap on low vol, looking for buying
Started ticking up welll and in along with SPY recovery.
Problem already vol very low on this quick move up.
We kept popping higher though, adding more. Top TL almost in play, 1st pivot break at .58, also prev high here right now at .48.
Vol was so low here, have to deal with some pb but not much.
Coincidentally pot stock ripping higher right now.
Came down to stop and bottom TL and vwap and MAs, needs to get better now, still super low vol.
And we did rip back up I added, and then just as fast back down again. And back up, tape getting crazy. We do have vol bump and into breakout. Will add more. SPY exploding higher. We are very tight edge clearly to bulls.
Added as we broke out. Decent offer at .50 shouldnt be a problem if we are that strong. SPY stopped moving higher for moment. Bids stepping up we look good. If we dont go this is warning signs and need to be out. And big bid showed up.
Added right in front of big buy, and right after we lost it all out. SPY also fuckin dumping hard again.
H MAR CAKE
All breakouts. Beatdowns been ripping, these 3 strong into HOD breaks and took them all.
Great start for all.
CAKE weak, back to entry and HTF level. Looking to add. To bottom TL from lod. Stalling. And strong bounce, added more with stop there.
Wanted to add to all, currently in 4 trades all winners. Maxed BP though so stuck with what I got.
Got out of AVGO so can add here. Added to CAKE with momo. Others blasting off. Added again on break into HOD. Looking for
H and MAR going PARA will be all out as I see it turn.
CAKE the only one that hasnt blown up yet. Made new HOD with vol.
Other beatdowns turning, might be end of runup
Still moving along though, CAKE still cannot get past 31.01 now. Making nice rising wedge. Will have to bail if it cant hold up past entry anymore
9ma holding well for others, catching up, can use as stop.
MAR turned and out, CAKE failed and all out for loss. H very close as well. And all out
LYV
Beatdown that hasnt run up yet but in very bullish spot. Super tight triangle with MAs under. Hitting bottom TL now will see if entry here for breakout scalp.
Start spiking up, got in, all the sudden bid drops .10 cents on me.
Biggest what the fuck trade i ever had. Fucked me on entry, price action, and exit. And of course no surprise it recovers right away and engulfs higher so back in.
At lrast this time we had big bid show up, but taken out right away and already back to stop holy hell. And back up engulfing again added. Dealing with it.
Back to stop, rips back up, this thing is a nightmare.
Beuatiful HTF charts, but it is messing with me hard right now under TL from triangle. Still above everything else here and vol growing but not dropping. Only adding on tape or breaks.
And did get break add. 3min passed as we went up with several transactions, got super lsow needs to find it now or out. Into top TL.
So odd. Keep stepping up but vol is nowhere to be seen. Feel like its going ot collapse any second. Not breakout things you want to see, but price is still in a good spot. Stricture so bullish.
And it did, all out.
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Spiked back up to breakout point, and broke out, and im back in, and it dumped on me right away with big offers in now.
Came right to stop, held, bounced up. Joke. Out.
SPOT
coiled lower all day, now got super tight with market weakness and SPY breaking down, SPOT also broke lower and retesting breakout now, looking at entry short.
Good selling and as we broke mini range lower im in, no follow up, SPY and market at the moment pushing higher.
Now starting to roll over, still hasnt broken mini range to upside.
We pushed lower well and offers followed I add. Added more with momentum and again. Looks great looking for lod at 238.84. 1st pivot to break is 240.33 then .11 and looks like a straight shot to LOD. We are so tight here theres a lot of pressure to go through. Still looking great with vol kick.
240 has held several times, the shoul dbe the one it doesnt hold any longer.
Got to new bottom TLs and looks like its holding, no follow up after 1st flush. Back to breakeven, must hold still.
Vol died. Internals perking up and trending higher now, SPY back above vwap looking like we want higher. SPOT still holding on under everything, last chance.
Offers stacked, SPY on this up move super low vol as well, internals back over. Will add if I see it.
Didnt last long, market back up again, internals split, trying to make new highs. SPOT super tight, next few minutes will be at apex of new triangle.
We started going, added. Will add on breakdown. Market looking ready to roll over lower. SPY such low vol test above vwap, might turn into sell off as we held high all day and cant do anymore. Also making a triangle there too, v tight as well. edge to bulls I hate to say. All the better short if it happens. SPOT might be waiting for it.
We are at such a deciding point right now in the market. Will be v interesting to see what happens.
And SPY broke lower into bottom TL and pivot with vol, SPOT broke lower and I added max BP. Damn big right now. Internals did not follow, And SPY just exploded higher. F
Broke TL higher in SPOT as well, no follow up, SPY actually rejecting and internals not following that pop. Fake outs both directions it seems, still holding. Offers now coming in stepping lower.
Seeing disconnect here, SPOT tape weak while SPY strong, just broke lower, see if we can flush hard here. Stop set to just above breakeven, if we go we should never come back.
And theres the snap. Spiked back up though, huge selling col. Have to hold. Market stil trying to be strong but weakening higher.
We should not be coming back, and we are coming back. Problem.
Back at breakeven, not making this easy on me. Lot of possible R here, have to deal for moment. Retrace to breakdown point on decent vol, nothing special.
Stepping lower again, breakeven is perfect spot to be out now. SPY looks lower, internal trend higher getting weaker and weaker less aggro up.
SPY turning lower with internals, SPOT all over it with offers coming in stepping lower.
Vol dead on this auction lower, SPY didnt turn any lower and bought back up, internals still showing weakness, but unless SPOT does something soon, might be done.
SPY breaking out higher, internals rejecting. SPOT no follow up, top TLS still just above price.
Internals collapsing, SPY not seeing it yet, SPOT did though, big sell came through again, but right back up again. Odd stuff here. Still gotta hold it seems.
Big buy came in, no response, SPY still up despite weakness in internals. FANG strong. SPOT still holding under.
Spiked up all out small loss.
Trade Review
APPS
Only problem was not getting back in.
DOCU
Good adds, good action, stuffed me, and happened to rise from stop out. Fine.
ALLO
Good entry, didnt let it go without me or miss it. Added well. Spread killed exit p/l but is what it is. Good trade.
AVGO
1st time. Not the best trade, but good enough to take. Smaller risk, small loss. Fine.
GRWG
Picture perfect in multiple cases, just didnt have the gas. Fav and 10star all signs pointed up and got huge. No luck. Good trade.
H MAR
Great trades, didnt miss, clear theme. Good entry. Good exits.
CAKE
Too bad here. Great price action, great tape, was just not able to get past 31 for a blow off move like the rest of the beatdowns. Late exit as I was watching other names at the moment, lost a bit extra no big deal.
LYV
Makes me want to punch a hole in my monitor. Total chop fest. Got caught up in revenge trading it. Great price action, after 1st failure should have been an avoid, not by any HTF levels and too much failure and unclean tape. Even now looking at tape should have been an avoid. Only 8 stars.
SPOT
Super disappointing. Mental capital gone after exit. Gave re entry ques and had nothing left in me to want to trade anymore. Drifted its way to profit target. just not when I wanted. Had to shake me out for a loss first.
AVGO
2nd and 3rd.
2nd was great. Had everything I could ask for. Just ticked me out and got out before it decided to run up again. Rewatching tape it was a good exit. Tape and vol said lower, cant be upset. Thats why we get back in when it resets.
Well its not as bad as it seems. LYV is the only real killer today. Everything I was good with. H and MAR the trades to add to, but didnt have BP at the time. So many things could have gone differently its hard to really say that if I fix them all ill be fine. I traded what I saw and managed my trades the way I know I should.
Just fine tuning things. I exited when I should, not perfect but did what I needed. Being faster is big. And of course the usual main thing. Getting in the damn trade is what will do it for me. APPS huge win miss. SPOT huge win miss. H and MAR had potential for a lot more. Just tighten up. Be better tomorrow. More focus. Quality trades and decisions and ill be good to go.
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