Markets still in tight range. Haven’t done much just riding the slow move up. Held where it had to today now gotta see what happens on fed day.
Aapl opened up but faded. Twtr got smashed back to gap up area.
20ma on sp500 and iwm still upward so gameplan is see what happens after fed news tomorrow. Will put a stop at today’s LOD after fed news.
Iwm hourly broke support and reversed. Must have caught some people.
Bought final 1/3 tna eod. As I write this I’m not sure why. Kind of a “flyer” and undisciplined. Getting bored waiting for this market to get moving in a direction. could cost me. Today is a red dog reversal downward on the daily chart. Usually would have sold a 1/3.
Maybe wants to fill gap to $125ish. Big support at $124. Banks with earnings tomorrow.
interesting night in futures. dropped down 1% but reversed back up to even by the open. then the market opened and almost did the same.
https://www.tradingview.com/x/gbe4VCRg/ iwm 15 min. so far a descent sell on 3/30. gameplan was to buy at iwm $123 on the gap fill and 20ma. set a limit order for there for 1/3 tna. it triggered and reversed. got right back to trendline. needs to break above potential wedge. not super bullish yet but i got a great price so stop below LOD to sell 1/3 tna. total 2/3 tna right now. tempted to buy the final 1/3 on strength but will probably hold off for now.
https://www.tradingview.com/x/KdzH2XE5/ SPY 15 min. a better look at potential double bottom.
new game bought 1/3 twtr,1/3 erx, 1/3bib. didnt get great prices at the open but going to try and hold for the qtr.
Iwm hour. Got the bounce back retest I was hoping for. Got well above $124 and almost to $125. Sold 1/3 tna at just below iwm 125. 1/3 remaining. don’t know where we go from here but I feel lucky to have salvaged the trade from not selling at the trend break last week.
Gameplan is to see what happens when SPY hits $210-211. Could see a reversal back down. If market fails again will look to reload at iwm 123ish at a gap fill and 20ma. Will keep 1/3 tna as long as 20ma is trending up.
If market takes off from here then great. Only will have 1/3 tna though.
https://www.tradingview.com/x/I4tdfn9x/ iwm hour. recent uptrend broke down hard. all the way back below fed day blast. went below 123.77 easily. 62% retrace held. maybe bounces back to 124ish.
ibb gap up failure the previous days should have raised flags that risk was off. not selling 1/3 tna was a mistake. too greedy especially since it hit my target elipse. also the spy option wall at 211.
https://www.tradingview.com/x/Zc7F5mIk/ ibb hour.
https://www.tradingview.com/x/SFXgq3m9/ IWM hour. hit my target. not sure what im going to do next. overall market weaker but iwm relative strength. move up some stops to sell 1/3 on weakness. looks to fill gap up, down to $125. good support at 123.77 where i would reload. would like to see 10ma and 20ma catch up and let iwm blast off again…
https://www.tradingview.com/x/WW53CvUw/ twtr daily. still some resistance to get through but a nice move today.
https://www.tradingview.com/x/hnHVqhHj/ IWM 15 min. right back to all time highs and went over by 1 cent today. FED news tomorrow expected to say that rates might start to rise this summer. general consensus says that if rates rise then market will be weak. if rate rise still on hold then market higher but who knows…
still 2/3 in TNA for now. sell some on a break bellow uptrend line but hope for a break out.
Market bounced hard. With ibb iwm and banks reversing the day before it’s not too much of a surprise. Markets gapped up and didn’t look back. Still below a down trending 10ma and 20ma so need to be careful still. Maybe this is a dead cat bounce to 2080s?
Iwm is actually much stronger. Got way above first target of 122 and to 123. 20ma never turned down and 10ma is flat with price above. But I can’t handle success and sold eod 1/3 tna. Playing for resistance at all time highs maybe tomorrow to sell another 1/3.
got the retest of the breakout zone. reload tna end of day just because ibb and iwm relative strength. Will see how much of a bounce it gets the next few days. First goal is get back to $122 on iwm.
rollercoaster 