Had it flagged as a possible short failing to claim 50 SMA on daily below. Tracked $USO & when that started to breakdown entered on below when it failed to get above the declining 10 EMA. Scaled 50% on breach of lower BB.
On the daily above failed to reclaim the 50 sma the day before and opened with a gap down.
Overall market trend: Bullish phase – day 2
Yesterdays market: Money entering the market – High buying pressure
TC2000 McClellan: 113 high end of range
Stocks above 40PMA: 53%
VIX: 18
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$SQQQ: Downtrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
$UVIX: Downtrend
1%+ sectors yesterday:
1%- sectors yesterday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 74k ish
Themes: Semis, Tech, Comms, Financials
Are breakouts likely to work for the next 3 – 5 days: Yes
Are breakdowns likely to work for the next 3 – 5 days: No, unless war related
Should I be trading: Yes, but stocks up +20% in 5 days is at 131, anything over 100 is considered frothy so expect some kind of pullback
Entered on breach of upper BB on heavy volume, then got stopped out when it breached HOD.
Notice how the volume is steadily increasing as opposed to a random massive volume spike which typically suggests exhaustion. This was a poor entry from me but one I will learn from. Also the over all market was in a general up day so swimming against the tide.
Overall market trend: Bullish phase – day 1
Yesterdays market: Money entering the market – Very high buying pressure
TC2000 McClellan: 108 high end of range
Stocks above 40PMA: 50%
VIX: 19
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$SQQQ: Downtrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
1%+ sectors yesterday:
1%- sectors yesterday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 75k ish
Themes: Semis, Tech, Comms, Financials
Are breakouts likely to work for the next 3 – 5 days: Yes
Are breakdowns likely to work for the next 3 – 5 days: No
Should I be trading: Yes, start of earnings season and 1st day moving into a new bullish phase. EP & Sugarbabys.
Overall market trend: Bearish phase
Yesterdays market: Money leaving the market – Normal normal pressure
TC2000 McClellan: 76 high end of range
Stocks above 40PMA: 45%
VIX: 19
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$SQQQ: Downtrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
1%+ sectors Friday:
1%- sectors Friday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 71k ish
Themes: Semis, Tech, Comms, Financials
Are breakouts likely to work for the next 3 – 5 days: Catalyst based
Are breakdowns likely to work for the next 3 – 5 days: Extended & stocks breaking down
Should I be trading: Yes, start of earnings season, EPs & WSS
Entered when 2nd bar couldn’t break above the opening bar on high volume. Scaled 50% on the opening gap fill where it reversed and got stopped out when it broke above HOD.
Later in the day you can see it breached the upper BB on 2x the avg volume, I wasn’t online but if you had taken that you would have made a low risk 2$ approx.
Gap down and high vol continuation, entered on break of 1st bar lower on high volume.
Scaled 50% near the lows approx 12th bar from the open.
Overall market trend: Bearish phase
Yesterdays market: Money entering the market – Normal buying pressure
TC2000 McClellan: 107 high end of range
Stocks above 40PMA: 47%
VIX: 19
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$SQQQ: Downtrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
1%+ sectors yesterday:
1%- sectors yesterday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 72k ish
Themes: Semis, Tech, Comms, Financials
Are breakouts likely to work for the next 3 – 5 days: Catalyst based
Are breakdowns likely to work for the next 3 – 5 days: Extended & stocks breaking down
Should I be trading: CPI report pre market will create volatility if comes in hot or cold, EPs & WSS
Overall market trend: Bearish phase
Yesterdays market: Money entering the market – Very high buying pressure
TC2000 McClellan: 104 high end of range
Stocks above 40PMA: 44%
VIX: 21
Seasonality: April is typically a strong month
Indices:
$QQQ: Uptrend
$SQQQ: Downtrend
$IWM: Uptrend
$SPY: Uptrend
$DIA: Uptrend
1%+ sectors yesterday:
1%- sectors yesterday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 71k ish
Themes: Semis, Tech, Comms, Financials
Are breakouts likely to work for the next 3 – 5 days: Catalyst based
Are breakdowns likely to work for the next 3 – 5 days: Extended & stocks breaking down
Should I be trading: EPs & WSS
High vol exhaustion on the opening bar, opening bar vol was +700% of avg 20 vol, entered on break of 100.
Scaled twice and left runner.
Stock goat 