On days like today understanding that you can only trade stocks that are trending.
Since $SPY and $QQQ are inbetween pre market ranges the only thing that will make a stock trend is news or sometimes a daily breakout.
$TSLA trendline break on daily with $SPY and $QQQ breaking down. Pretty easy, repeatable trade.
Not going to get as good of a continuation due to market conditions but I'll 100% my money in 10 minutes any day of the week!
No trades from me today.
After a large move like we had yesterday the market usually either goes higher off the open or ends up chopping the rest of the day.
I avoided trading and worked on reviewing more plays which I missed yesterday.
$MSTR all day trender! Unfortunately I never got a good entry on the 10 minute.
Real trends often have day 2 continuation though so I’ll be watching that Monday!
$SPCX one and done for today. I wanted to play it safe on FOMC so I really focused on patience, allowing the market to show its hand and then playing the strongest stocks of the day. Stay safe on FOMC 🫡
No trades from me today, with the indexes chopping not seemed clean enough to take. I am trying to focus more on those big hits that will move the needle on the port rather than taking trades which have potential but will only make me 20%
9/8 Morning Watchlist: 👇
$QCOM up 8% premarket due to news, also breaking out of daily range. Expecting some profit taking off open and then looking for a continuation to the upside.
$BE consolidating at news high since after close on Friday needs to clear 276.76 to confirm longs
$INTC gapped up over the daily 50 into the daily gap.
as long as we fill the gap and go higher then this could be a mega squeeze today
$F my favorite setup from a techinical standpoint. Has been in a tight base for about a month with a strong close breaking out on Friday. Loooking for the continuation tmr morning over PDH.
Week 9/8 weekly watchlist
It seems that $SMH sector is begining to curl. Names like $MRVL $AMD $INTC $MU and $QCOM are on watch. No real setups on the daily charts just looking for momentum of the sector and goal is to trade the strongest ones.
$HPQ looking for continuation to finish closing this gap. A little late to the setup this could've been a good swing but if we can make a couple points of it I wouldn't be upset.
$BE huge overnight gap up after a strong close on Friday. Looking for continuation as long as we can hold 270 physc lvl I think this can be a good one. Target at 300 physc lvl