May 10 2021

 Here we are again with the dailies.

Looking at 

-Swings

    GNRC, QRTEA, KSS, KO, PPL SM, OTRK

-Daytrades + Swings

    CPE

Huge gap up in energy, Ive got a few energy names im looking at in good locations. Focus is just getting in on the breaks of levels with set risk and conditions and letting it ride. No stress, no need to day trade them. Just in and let them be.

CPE is a good day trader with good vol and tighter spread. I like it for both so it will be my focus on the day to get in on the swing, and day trade around it on the pullbacks. 

Not pushing too hard today. Market still chop territory around ATHs, Tech still selling off hard on earnings, no good clean setups to take, no reason to even look for a long in a market that longs arent working.

So I put focus in defensive names where clearly, the bigger moves are happening. I cannot day trade these as they are slow and a bit spready, just doesnt make sense to try and day trade them.

In OTM/ITM calls on slow moving names. Stop set on D chart, risking about half the premium. Letting them go as long as they act and trend right. 

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

Busy morning, CPE completely busted out and left me with nothing. 2 and a half dollar move in the 1st minute stuck waiting on deep pb.

KO QRTEA PPL SM KSS

all busted out, got in swing starter and waiting now.

KSS QRTEA failing near LOD now, may bail but must wait for tests

SM Failing hard, back to 1st test of D, must wait. 

KO blast off. Headed for gap fil

PPL Added, held nice range above BO, made new HOD. Now wait to let it go. 

QRTEA reclaiming levels, waiting on PB to add more. And did as it made new HOD

PPL completely failure dump to new LOD with vol. Not great.

KSS reclaiming, same as QRTEA will watch

SM holding nicely, can add with time. 

KSS Great tape and reclaim with vol. Added. 

Names curling up, looking good. 

PPL recovered well and reclaimed, not quite add again yet.

SM Struggling may have to cut soon. Risk is too large on it, did not anticipate correctly since trade location was not at HTF level.

QRTEA explode

KO curl

KSS retest again and held with less vol tho. Might be able to add again with more time. 

PPL to vwap, held, with vol, curled up added. Failed right away turned lower, broke range lower under vwap into D level. Still have to hold. 

KSS big vol break HOD

PPL repeat curl up again

SM Sitting at LOD

QRTEA big BO lots of vol big RVOL. Looks great to hold. 

KO sideways now

PPL curled hard up with vol and tape, added again. 

And once more on new range bo + risk reduced. 

KO into and under vwap, looking to add on HTF basis here, waiting for better MA and VWAP reclaim. 

SM new LOD, waiting to watch tape.

PPL to HOD

KSS pulling in, curling up. 

SM broke, reclaimed right away, XLE falling wedge all morning, still chance to hold and add to this at proper location.

CPE buying dip. Made range higher above bo all morning, tested under, huge vol came in, turned up and im in. 

KSS unable to find bottom yet, just keeps giving it up. Waiting

KO cant find strength yet, may show signs now under vwap.

SM cant find strength

PPL keeps tryign to get to new HOD, cant yet. 

KO turned up with vol, added

KSS seeing vol and turning up, Action not good enough to add yet.

KO stuffed hard big vol lower, but tape shows all buys. Waiting. 

PPL new HOD for a penny into other big BO. 

SM now hitting ATR move on downside, XLE cannot pull up. Stuck waiting on deeper PB, dont want to chase out. 

KSS breaking down again still. Still have to hold here, hasnt lost HTF levels yet. But VWAP is a problem.

KO turning up well again

SM, CPE still near LOD/at LOD, waiting to see if we can pull up.

Q still strong holding higher.

PPL failed to stick new HOD, but trending. 

Markets are pulling in and weak, but cant seem to stick a move lower. Since Im trading defensive names mainly, wouldnt hurt to see both ways.

CPE SM XLE Markets turning lower all hitting new LOD, cant hold a thing all out. more than -1R loss on Each

KSS had real nice pop to vwap for reclaim, then SPY broke LOD hard with vol and QQQ, might have to bail here, waiting. 

PPL explode into HTF TL at .63, looks like good swing hold.

KSS holding well, not good enough to add though, can reduce risk now to range break under vwap. Testing vwap higher again + range high. Will be great to look for pb add. 

Broke above with good tape, bu tno vol. Market also turning up. Other shop names also strong today.

Pulled into vwap, tape bought up, Added, 5min close right at top of range, not above.

Vol pick up, not being rejected yet, cant quite get a good move higher yet.

Big rip, does move high, little unclean but trend may continue.

KO coiling nice above vwap, with more time Can add more, but not without dip lower 1st under vwap. Need to make sure deeper pb not in cards.

Q nice coil, turning up after dip lower.

PPL trending nicely. 

CPE Back in, great vol patter, held 2nd attempt lower with sector help and turn up. Small to start. 

Added as it popped with small vol increase and big offer taken out. Market strong reclaimed vwap. XLE looks like it wants to turn up.

Spastic tape on KSS, buys. Pop again to HOD 

Q and KO giving me raised stop loss. Held higher made new range above HTF levels. Should keep trending. 

CPE coil real nice above bo level, Getting very tight, XLE cant get strong, mkt slowly pull into vwap from above, maybe chance to add only with tape and have new stop

5min 20 just on top of price and mini range into 43. XLE not helping. Cant see add yet. 

KO, Mkt turning up from vwap, KO long range, 5min almost engulf, adding if we go. And did. 

CPE failing, vol into breakdown, XLE never saw pop higher. Waiting for test lower into bo/d HTF. 

Held for moment, no tape/vol cues, MAs clearly against me, not adding yet. 

1 Big buy. 

KO engulfing higher and lower, leave it

QRTEA keeps trending higher making new HOD

Same with KSS

PPL gave up half its gains on pb to levels again, must hold.

CPE in better spot to add now. XLE helping a bit more. 

Add is here, nice coil, low vol pb, above MAs. 

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

CPE Mid day, slow turn up but big buys still here, added.

KSS bigger pb, have to deal. Into vwap and TL. Low vol, must hold but can use here as new potential stop for near breakeven. 

KO looking like a rollover lower, must deal still. 

PPL same big pb. 

KSS decided to give up its entire breakout and vwap to retap bo level. Low vol retraces whole move, but did give it all up. Have to deal still. 

CPE broke higher above range with volume

PPL huge buy candle explosions from under vwap. May add more with better consolidation. 

KO pulled in lower under vwap, near stop point, may be able to get bigger with better consolidation. Already made 103% ATR move today. Huge option %, Rvol 1.4 late day on defensive names + huge option bet. Reasons to hold and add.

    -could also be h pattern, hell for shorts.

KSS straight from HOD to LOD, didnt close above the 1min 9ma once. Whole hour straight sell off to give it all back. I wait for any pb to look to add, instead give it all up. Just flat dumb. No convincing volume/tape action. 

KO building nice base under vwap with top TL tight. Added on break with vol and tape. 

Market collapsed. Everything down. Bailed CPE KO

QRTEA held well during sell off, into bo level. Added as it and market turned up, sell may be done.

QRTEA going into close sold off No reason to hold breakeven. 

PPL Sold off a bit into close, Still positive though, risk is not huge, will hold. 

REVIEW

CPE

-Took trade at non HTF level, clearly strong open with ROVL and option vol. Great tape at time of entry, gave space to work with, Energy sector clearly not strong but not gonna stop from getting in. Just couldnt hold.

Risk was not anticipated correctly. Same mistake in SM, I needed to wait for HTF levels to come into play first before getting in. Thats where best trades come from. 

SM

Entry on intraday action. Never positive. Never held a pb, never held HTF level, held on for ever though. Needed smaller size and wider risk on this if going to get in when I did. No HTF level in play or held yet, pretty much a chase, not relaxing and letting stock come to me and give me my best setups / RR.

            -And I did get out at THE bottom on both of these. More reasons to wait wait wait for proper location. 

KSS

Absolutely cannot believe that BS. Nothing to be done here. Just fucked. 

KO

Market sell killed trade. Couldnt hold higher on anything though, a few failed breaks higher intraday. Had a great look, just couldnt stick.

CPE

Couldve been a much better trade if market didnt dump. What can you do. 

QRTEA

Another couldnt hold

Hard day. Common theme. Strong open. Strong breakouts. Total failure. 

Intention is to swing these names. Was positive on nearly all of them. Do I keep the money? Cut Breakeven? 

Some of these just flat out screwed me, no choice but to take the full loss and then some. Im supposed to wait on pullbacks to avoid getting faked out. Sometimes that pullback just doesnt happen. 

Current market conditions should also effect decisions made when it comes to keeping a win/risking the loss. Today SPY and Q were not acting well above vwap, Q only above vwap once today. Not a clear bull market condition, so if im long and these things are happening, and my names are coming back on me not clearly having bullish action either, best to keep the win and reset. Lesson Learned.