DXCM Swing

 

Weekly


Daily w/ Entry


Originally got the bottom of this and sold on the big weakness. Made very nice reset pattern and new bo shelf with increased vol, new MA coil under and same on weekly. Held up well during market pullback.

In on the break again, looking to add as it can hold above. Out if holds under. 

In Jan 15 430calls. Which calls are seeing a good amount of buzz today and holding up well. Looking to for price to get to  370 after 366 breakout which might put my calls at around 7$ where ill look to get out.

Market overall helping as we keep rising higher. Healthcare also at a good strong spot, starting to breakout near ATH, and relative to SPY at a major bottom. That with PFE/MRNA all the vaccine stuff, might add more umpf to the industry. 

Overall this is re entering a winner. looking for it to keep running. 

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


Intraday did this, wanted to see more bullish, got everything I wanted, retest of bo level, failed a drop ripped higher. Even as SPY/QQQ dumping we have strength. Waiting for it to come to me and add again. 

Got my add, had to chase a bit as I have to leave the desk now for a while. 

Total bust, SPY ended up losing it for the next hour+ and DXCM followed. Came into HTF zone, last line of defense before I stop out. Waiting to see. 

Very nice strong close. SPY sold off hard into bell, and DXCM ripped higher to close above vwap. Is a hold.

Stop will be hold under 349


2nd day

market sold off, DXCM sold hard at open to under stop. I waited for bounce and bounce recovered v well and then some. Held strong during selloff. 

Held above BO level all day and saw final dip below bought up aggro and closed strong.

Stop is if we hold under 351, should see moves tomorrow

3rd day

Weak open, lost all. Came to og bo zone and held for a while, now popping back up. If recovery is not a checkmark like it was yesterday, will be out. Not a great breakout.

Looked for a moment like it would, but turned and lost LOD, had to chase out. L

Comments

Post a Comment

Popular posts from this blog

Trading Plan

Image
Time is a thief for the impatient. And a gift for the patient.  Do I need to think about selling options?  It makes sense to sell puts, internals clearly strong, but the market is not in clear position to make that a good trade yet. Wait until its clean and clear. I would rather not sweat, than risk more money in uncertainty.  BEFORE THE BELL -Premarket Checklist. -Is the market Trending, Chop, or turning? -Is Sentiment making any significant trend breaks? -What are best/worst performing sectors?     -Are any breaking out or down? -Do I need to make adjustments to my investments? -Does yesterdays action look likely to continue today? -Have we gone in a straight line to S or R?      -Do I need to be cautious of an overextended market and look for reversal instead of continuation? WATCHLIST PREP -SPY/QQQ FANGMANT+ always in play.  -Monthly/Weekly watch always in play for VA breaks.  -Proper boxes and Anch vwap charted.  -Scan through ...
Read more

MTX

Image
 MINERALS TECHNOLOGIES INC. Minerals Technologies, Inc. is a resource and technology-based company. It develops, produces, and markets a range of mineral, mineral-based, and synthetic mineral products. It operates through the Consumer and Specialties and Engineered Solutions segments. The Consumer and Specialties segment serves consumer end markets directly and provides mineral-based solutions and technologies that are essential to customers' products. The Engineered Solutions segment combines all engineered systems, mineral blends, and technologies that are designed to aid in customer processes and projects. The company was founded on February 19, 1968 and is headquartered in New York, NY. Strong name, another specialty chemicals industry trade along the lines of LYB HWKN KWR. Strong tight setup, HTF charts love it with curl up MAs and taps. Obviously not as tight as I would like on W or M, but trying something with this one. Trend momentum continuation.  Clearly in a signifi...
Read more

11/30 DRC

 Last day of the month. Not much trading exactly to talk about. Big issue last week was speed. I was slow in almost all cases. Trying not to look too much into it. Took a few weeks off, its expected to take a bit to get back into the swing of things. Risk was main focus as a goal going forward. Correct size, consistent risk throughout every trade and setup for consistent results. That I did good with. Main things to focus on 1. Following entry criteria, making sure I trade what I am supposed to 2. Using correct size to reflect risk already determined by setup 3. Must be faster with ^^^ 4. Cut losses fast on adds. In and out, dont wait. 5. Follow management rules, up 1R/2R etc. 6. Take profits in 3rds.  7. Enter trade with small size if it is leaving without me. Big adds come in only if core is at price and action I want to see.  Market looks hot. Nothing but breakouts around. Gapping down a little, recovering already though into the open. SPY at and holding above prev lo,...
Read more