5/24

 Getting back into it. Starting to feel the urges to trade again and get back to business.

Market overall still sideways. Some names making good moves, still good looking longs out there.

Main thing to focus on for me is separating swings and day trades. To be decided before the open dependent on ATR/option vol/spread.

Day trade opportunities only on pullbacks for now. 90% of my recent losses are on buying the daily breakout levels, and taking the L as they fail. So for day trades, strictly looking at buying pbs for max RR scenarios and minimal negativity. 

FIS

At open, big pop, letting it settle.

Above D level and got above early morning and in on swing trade.

Strong push all open, holding higher above prev hod. Holding. 

Pulled in, building higher, no complaints.

Still holding higher all day, last hour of day. Starting to get choppy failed breakouts both directions. Market v strong, Recent run up to range high with engulf candle. Vol not here but building above old big bo level. Will add if we go. 

Failed, broke lower, might be reason to not hold overnight, well see, hour left. 

Pulling into retest open, HTF tells me its still ok to hold this technically hasnt lost anything, could be better, but still no reason to get out of it yet. 

SPR

dip at open recovered, made nice range above prev hod, bot swing into D high on range break

Sympathy with BA, also on watch.

Strong moves higher, slowly failing, rolling lower, relative strength to BA, it lost vwap, were holding making nice range but not above any D levels.

I did add 1 on range break higher, but BA dropped more and so did SPR.

RVOL at 1.3 2 hr into day so there is interest. Waiting to see if another add chance here as BA now recovering. Market still v strong today. Is good context to add more. 

And did break range higher, MAs on 1min no wall under, market also new HOD and BA trending above vwap again. Stop can be tightened. 

BA broke out, SPR cant get out of range, retesting lower end of range under MAs and vwap, might be dead. 

Industrials turn up strong, BA to HOD, XLI huge vol engulf candle, SPR seeing some vol too, may add. 

Made a break, but nothing special volume/tape wise, will wait on pb towards end of day. 

WYNN

Strong move all day, holding higher now above D level. Couldnt find a good way in all day, will take swing entry on break of new range above prev hod. 

Hotel names also having a strong day

only 80% ATR today. feels like it might be a bit over extended, but did have recent vwap test, and did have strong open, theme with others strong, market strong. Vol on break. Would like to be a bit bigger, but risk is a bit wide. Should wait til pb or near close to determine if risk can be tightened with add. 



Pretty significant sell into the close after and all day trend higher with 0 vwap retest until the last 3 minutes of the day. Tough to say I should bail on any trades im in because of market correlation. They all did pull some into the close but nothing to make me want to get out. 

Very strong buy day, maybe good sign of whats to come this week and I got some good ones.

FIS did close right at the breakout point, not great but still not at stop.

SPR and industrials strong, with adds a good trade to hold here.

WYNN, strong trend all day, gave some back at the close, will look to add tomorrow.


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