10/8 DRC

 Not a lot to watch today, but all that I do are very good looking. SPY back up to top of range around 343, will be v important for us to get and hold above for bull market to continue. Weve coiled now for a week or so and now look to break. I will say we had super low vol yesterday so not exactly A grade breakout material, but price action looking v bullish today. 

Airlines back in play. Most of them in contact with top TL from triangles, MAs under price, looks ready to explode. Some beat downs as well.

Sad thing is pmkt already making these moves so again weve got a scenario where price gets away from us at the open, ruining the potential breakout as well more than likely pull back at the open to test these levels for a few hours and maybe a late day recovery. Hoping some dont make those moves quite yet. 

Trading yesterday was fine. I did skip some trades because I wasnt comfortable taking the trades that hadnt pulled in deep enough for a reset. It does seem to be that kind of market lately so I wont make the same mistake again I am ready.

2star

AMZN MSFT TSLA NIO GRWG GSX JKS IVZ NCLH PK RRGB Airlines IBM DPZ EV


MSFT 



right to it at bell. Did not get best entry fill so settled smaller size. Market turned up along side and had good buying.

Got to vwap and rejected hard a few times. Left small win, market also turning lower, resetting trade. 

DAL



Airlines popped at open, got to vwap and level, dipped under, bought up and I got in, didnt last quick out. 

SPY



opened right in middle of big bo range, internals selling off all morning, tight range took bo on lod break. Big D fail.

Internals and FANG getting worse and worse, SPY just not losing it though. Cnt start dropping. 

Ripped my face off. QQs started turning and SPY ripped it. Started as a low vol pb into vwpa and just didnt stop. 


Seeing pretty big disconnect here in markets. SPY trying to move higher, QQQ and FANG weak, all under vwap. There is no easy trade yet. And then we crash a point lower in seconds to make new lod. 

-------------------------------------------

Tried SPY short again, slow low vol pb into vwap again, hovered around on v low vol, each time we ticked higher couldnt follow and saw more selling. QQQ FANG internals all weak. Seems like were just waiting to drop this again. 

Cant drop it after another big vol kick under vwap. All out as we got above 343.

And again we see major rejection but cant stick lower  

--------------------------------------------------

Back in again as we drop lower once more, QQQs dump to LOD, internals turned lower. This short is still here, this market is not strong. 

Seeing nothing but big sells on tape. 

Cant believe we arent dropping. Made triangle, broke higher not following through, other names still weak and dropping. 

Added as we dropped lower, internals FANG and QQQs again dropping lower. Its failure on top of failure with tape confirmation, but we just cant do it yet. If we do start to do it could be huge.

Added again as we dropped lower. Serious sell in QQQs internals new lows.

SPY big flush here, looking for 342 to start taking. Im all options right now. Great start, would like to see more vol.

Pulling up to vwap, gotta deal. There are tons of longs in here involved. Huge area to play off of. Market still clearly weak, SPY waiting to lose it. Internals bouncing a bit, same with QQQ, FANG still ugly, PB here in SPY again low vol and weak. 

Big vol increase as we go higher into vwap, candles small though, Short side still with edge. 

Repeat of last time. Just never stopped. 

----------------------------------------------------------------

GRWG



Weak all day, started coiling high and tight under vwap and around HTF zone. We got above vwap and range with good vol and bids behind I got in and added. Market had found some strength, internals new highs and SPY hod. 

Spoke too soon, market failed and dumped a point lower to vwap in a couple minutes, GRWG followed and killed me on spread. 



Well I said it from the very beginning, we gapped higher, will probably pulldown at open and base out for a few hours. And its exactly what we did and now everything ripping higher and im down way too much money and mental capital to want to trade anymore. I had no discipline, no patience and as always paid for it. I szed up way to big in every single SPY short and took huge hits on each. 

Clear tape on SPY screamed sell, location did not scream sell, action did not scream sell, it doesnt matter what everything else is doing, the stock I am trading is the only thing that matters. If I want SPY short, then i had better see some clear price action that tells me short. We had nce flushes, but where? to the bottom of the zone, which 3 times todya got aggressively bought each time, and I kept trying to pick the top around vwap. What I see matters a lot, but where I see it matters more. We werent doing all of this below the zone, we were doing it inside the zone. And buyers bought the bottom. And they were in the middle too. I saw huge sells, but no follow through. Thats a problem. That means I need to trade cautious. Not size up and swing for the fences just because I see weakness in OTHER aspects of the market. I tried to be smarter than the market. 

If everything is dumping continuously, and seeing weak action across the board, but its not happening in what I am watching, that is a problem. That means that what I am watching is NOT weak. 

MSFT fine. DAL fine. GRWG. Really annoying with timing but ultimately fine. SPY awful. 



LUV

Airline news came out, got reversal setup, went for it, didnt run, tiny loss. 

BA

things got a little worse as market really sold off finally. No way was I going for it though. A lot cleaner with BA. In and added a few times. Looking for slingshot back. 

Took half when we saw trouble. SPY really made move back but BA came to 20ma and saw selling. Took half to keep it. Is also prev day close price. 

Everything recovering well, BA finding trouble for a bit. 

Poked head above mini range, saw sell, took other half on 1min low, letting rest for until under 164.50

Market at vwap, may turn lower. 

We did turn lower, BA followed for a moment, but not giving up yet. 

And then we did all out. 

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