Useful Symbols for a quick bird’s-eye view on your Tradingview watchlist panel.
Almost all of them are approaching 6-month low level. One more round of capitulation would likely set up some very attractive long-bias opportunities for quick bounces.
$QQQ was a potential day 1 of a new uptrend yesterday, $SPY stayed under downward sloping moving averages. The day 1 low is being broken today and the 150. Have been breakeven past couple weeks with small long and short trades, sitting out until conditions look favorable again.
Time for some trading education 🙇♂️
These are recent my top 10 trading videos:
1) My Best Stock Screener for Growth & Momentum Stocks (TradingView Setup for Swing Traders) - https://t.co/JjPFAcauA4
2) You Only Need This ONE Swing Trading Pattern (Dozens of Examples) - https://t.co/H7duCxWFd9
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4) Wait for This Chart Pattern Before You Buy – Guide & Examples - https://t.co/YPezklHON1
5) Selling Right 💰 My Exact Strategy to Exit Big Winners (Using EMA8/21) - https://t.co/Om2i6Ukn0c
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7) Why Losing Small Is My Edge in Trading | The Real Secret of Risk Management - https://t.co/a66jG6O4oR
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10) How I Survive Sideways Markets (And Still Find Winning Trades) - https://t.co/IeleIZJ7MT
Monday watchlist consists of names that have been holding above rising key moving averages, showing relative strength to current market performance. Pivot point breakouts back into play, will start trying to get positioned on the swing side if market continues to show strength
$QQQ and $SPY closing strong above moving averages on Friday, I consider this Day 1 of the price cycle, showing potential for a trend reversal. Added a little write up to the $QQQ chart in picture. Also for now the lows from previous Day 1 have been tested and held.
1.75R win on $NBIS. Miniscule loss on a very tight stop, almost consider it a break even, trying to short $QQQ at the 10 DSMA, was a little early it seems. Had to go work my second job keeping the house clear of snow today so didn't look for a re entry.
$QQQ looking like a very similar stage 3 top pattern seen in many previous leaders. Pulled back and fell off of the 21 last week. I was looking at shorts below the 150 here in those names, so not inspiring an immense amount of confidence for the long side.
$APLD actionable after failing to break out from base and dipping below the 50. Friday had tight range open vs. close on 10/20. Pulling back on lower volume after breaking back through moving averages.
@jfsrev Hey Jeff, thank you for all these posts. I am curious why you prefer ATR over ADR? I have been using ADR since ATR accounts for gaps and may not truly be a good gauge for potential movement from entry, just my thoughts though.