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.
Overall market trend: Bearish phase
Yesterdays market: Money leaving the market – Normal selling pressure
TC2000 McClellan: 50
Stocks above 40PMA: 32%
VIX: 26
Seasonality: April is typically a strong month
Indices:
$QQQ: No trend
$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: No, +20% in last 5 days is frothy, so more suited to scalping as opposed to 3 – 5 day shorts.
Should I be trading: EPs & WSS
Overall market trend: Bearish phase
Yesterdays market: Money entering the market – Normal buying pressure
TC2000 McClellan: 62
Stocks above 40PMA: 31%
VIX: 24
Seasonality: April is typically a strong month
Indices:
$QQQ: No trend
$SQQQ: No trend
$IWM: Uptrend
$SPY: No trend
$DIA: Uptrend
1%+ sectors yesterday:
1%- sectors yesterday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 69k ish
Themes: Semis, Tech, Comms, Financials
Are breakouts likely to work for the next 3 – 5 days: Catalyst stocks
Are breakdowns likely to work for the next 3 – 5 days: Probably
Should I be trading: EPs & WSS
Shorted against declining 10 sma with MACD, should wait until BB breach with high vol. Also chances yesterdays close (yellow dash bar) would be a strong bounce area so poor R/R.
Overall market trend: Bearish phase
Yesterdays market: Money entering the market – Normal buying pressure
TC2000 McClellan: 28
Stocks above 40PMA: 25%
VIX: 25
Seasonality: April is typically a strong month
Indices:
$QQQ: No trend
$SQQQ: No trend
$IWM: No trend
$SPY: No trend
$DIA: No trend
1%+ sectors yesterday:
1%- sectors yesterday:
Main sectors monthly trailing:
Sub sectors monthly trailing:
Bitcoin: Under the 200sma at 67k ish
Themes: Semis, Tech, Comms, Financials
Are breakouts likely to work for the next 3 – 5 days: No
Are breakdowns likely to work for the next 3 – 5 days: Probably
Should I be trading: Futures sold off overnight on Trump Iran news, now we can see if the lows hold or we carry on down
Shorted against declining 10 sma with MACD, should wait until BB breach with high vol, you can see the bigger reversals happened with big vol breaching one of the BBs
Stock goat 