SD'S -2023 DON'T JUST SIT THERE TO SURVIVE- MOVE&PROSPER!

[sd]

3-30-2023
Futures in the green hours ahead of the Open-
Woke up too early this am. With the markets holding their own after the banking crisis seems to have settled down- and large cap Tech- the 5 major players responsible for the market's gains this year - Compare QQQ & MGK -
I'm going to add some longs today in the IRA- albeit with stops in place if they turn and want to head South-

I want to maintain a conservative market exposure in the IRA- and some of the ETFs that can do that employ a covered call strategy- JEPI, JEPQ that also offer decent upside while having some downside protection. The covered call strategy it employs sells calls against it's positions-

sOME RECENT ETFs - SMART BETA ETC OFFER investors different ways to approach the market and their Risk exposure-

Those may have not been around until relatively recently-

5 year perf chart SPY,QQQ,IWM,MGK,SCHD S&P;Large cap Tech, Small cap 2,000, Mega cap, and Schwab dividend fund-

Small caps are the continued underperformer, while the q's are the more volatile outperformer-Mega caps are thenext best performer, followed by the Schw2ab dividend fund and the S&P- This chart rates the relative performance If the investment was made 5 years earlier


900 days- 3 years


2 YEARS- SCHD- THE DIVIDEND FUND WAS THE LEAST VOLATILE


1 YEAR -SCHD HOLDS THE LEAD WITH THE SMALLEST LOSS. qqq'S AND LARGE MEGA CAPS LOST THE MOST -


YTD-2023
schd BECOMES AN UNDERPERFORMER, qqq'S AND MEGACAPS LEADING - SMALL CAPS LAGGING-



YTD 2023-
VIEWING SOME OF THE LESS VOLATILE FUNDS ALONG WITH THE SPY.

nOTE THAT JEPQ- THAT tracks the Tech sector is outperforming the JEPI- while the conservative SCHD is underperforming with losses YTD



With large cap tech, mega caps OUTPERFORMING ytd, Perhaps that same theme will continue in the weeks ahead

Buying MGK,VUG, JEPQ<JEPI in the IRA-

money.usnews.com/investing/funds/slideshows/smart-beta-etfs-to-buy-now?slide=2


Roth Daytrades- AI,
tqqq,tna,soxl as leveraged potential long trades


Initial entry in SOXL- sold 50 into the upmove, remaining 50 sold at a tightened stop- Net 0.00

Bought 100 AI @ the open- sold to lock in $42.00 gain. Watching this for a reentry. Sold a bit too early as i watched the net gain dropping-
Didn't bother viewing the price chart- Hit the Sell button
i.imgur.com/OgIiUpP.png





Sideways action in TQQQ,SOXl

Back in SOXL,TQQQ,BABA

Losses in SOXL as both SOXL, TQQQ roll over @ 10 am....

Holding BABA with a small net loss- in the ROTH-
Down -$12 on the day so far
Managed to trade SOXL with 200 shares and caught the am uptrend- and almost wiped out the earlier loss- accumulated in several losing trades-Notable, I was down -at one point -$36.00 in SOXL- and that was due to setting some wider stops (mistake). Presently my SOXL position (2 shares for setting stops) is down a total of -$5.31- At 11:44 The Semi index has rolled over, and is presently appearing to weaken a bit-
BABA position taken this am is in positive territory after a slight dip earlier this am after my entry-
AI - just reentered with price trying to base - Risking $25 on a 100 share purchase with the 5 minute chart- setting a stop just below the Round number .
Cost basis 100 @ $27.23 . Stop was hit just 5 minutes later as price drops through the base and hits stop.






Ticker symbol You- 4 Technology ETS to consider:

www.youtube.com/watch?v=fFcPcHfXDwY

[sd]

3-31-2023 Futures higher after the PCE report comes in!

Consumer spending came in .2 vs expected .3- so that slowing of consumers spending along with slightly lower inflation may bode well-
Also lending standards and higher rates are going to see consumers tightening more in the months ahead.


i'M considering ADDING some dividend funds - Notice the recent outperformance in this Global dividend GCOW versus the Cowz,NOBL,SCHD





soxl- AT OPEN- mY STOP WAS TOO TIGHT- -lONG tqqq, THEN ai- AS price moved higher, I jumped my stop to break even - both were whipsawed on a minor pullback-All 3 of these trades barely caught my stops- and then have all moved higher-

Ridiculous-too tight lost out on what would have been very substantial gains- went back into TQQQ- using the fast ema as my stop - Risking $0.13


Finally- I've sized up with 250 and 300 shares in SOXL and TQQQ- selling partial lots, trailing stops- Finally above $100 net gains overturning the earlier losses-
Catching a trend....late am into 12

Just a partial order view-as the higher stop gets filled in SOXL-
Splitting the positions with stops close but slightly staggered.


Tightened stops triggering- split positions excess momentum moves higher 12:29



SOXL position is all stopped out as price made a strong upmove that I raised stops to sell and capture a good part of that pull-away
Day's 1/2 way over- presently holding TQQQ with 352 shares- At this point- up $150.00 + in trades and positions in SOXL,TQQQ- MCD here I come!


Stopped out for a loss on the last SOXL add- and TQQQ just hit my relatively wide stops at the fast ema- So, actualk gains in the 2 positions as they are Closed out- is just $107.00. Not the $150.00 I had when the positions were all active.
Overall, I'm pleased with my performance but I could have seen much larger gains had I held the AI position I had also taken this am but got shook out on relatively minor volatility- I'd be up $400.00 on that trade right now....and making $100 today has been a challenge - at one point I had 400 shares of TQQQ and 350 in SOXL- so I need to learn to better allow a winning position a bit more leeway-at least once the stops are above breakeven-

Got to give it a break and start some charcoal for burgers....MMMM
Wow- fast action day! Last trades 300 SOXL- @ 3pm price rise- tight stops hit- went back in again and caught the rise for a $25.00 gain - about $0.08 gain as the trailing stops were staggered.
Overall I am pleased with getting more comfortable with using a bit larger size- and protecting that with stops usually with $0.10 of the entry.
AHH, made a last 100 share trade s the 3:45 downtrend reversed and started to move up- I chased the entry $18.17, and kept raising my stop- and got taken out $18.28 .at the Close! I did not get an advance inkling as the price bar just suddenly reversed - but obviously someone is positioning to the long side for Monday.
Notice how closely the TQQQ and SOXL mimic each other's moves- -Literally almost in lockstep for much of the day- I'll stack the 2 charts over each other ....



Over the course of the day, I also had a number of losing trades- and I need to not be as quick to set the stop so quickly to break even-
I think I just need to take the time, mark up the charts with the entries, the stops that were set, and adjusted, and then study what i did on each chart for the day- That takes time to do, but if I want to get a handle on this type of daytrading, it's a likely requirement to understand whether I was overly zealous when I should have given the trade a chance to work- without Risking too much- I think I found this am that a wider stop doesn't necessarily provide a level of eventual success-
Perhaps one consideration is to get in with some Size 300 + shares - and , if the trade works out initially, keep 1/3 of the trade at breakeven to try for that all day gain I got shook out on my initial entry this am- that would have delivered a nice gain by the mid day peak. Note that the 12:30 high was also the High for the day -
Another consideration is to step away from using the 2 minute chart and perhaps consider using the 5 minute.
A not may be to use the 2 minute at the open- wait to see how that bar Closes- and - if it Closes to the downside-as this am did, don't jump in long- Wait to see a reversal bar - like the 2nd 2 minute bar did- which tested lower, Closed higher- Since we have some inclement weather heading in overnight, I may be able to spend more time tomorrow to get into these trade post mortems- then.

I would also think that since I rely on the Elder Impulse bars - waiting to enter only on a Blue or a green bar would be prudent. Also, what does the MACD and other indicators suggest?

I also like to get in on a sideways consolidation just above the P.O.F. - which is a very tight stop just a few cents below the base lows. The basing that often occurs see multiple bars all come back to within 1 or 2 cents of each other.
The following is both trades and adjusted trailing stops- WAAAY too many - but it's part of the learning process- Potentially, I've moved ahead perhaps too quickly in trying to size up - Since commissions are not a factor, one could trade just 1 or 2 shares during the learning/experimentation stage...and that would likely be prudent in adopting any new approach....















YUP- that was a whole lot of busy adjusting and leapfrogging stops- By the way- Leapfrogging stops - if you have 2 or 3 stops with separate prices in a position, as the trade moves higher, I take the widest stop and make it the new tighter stop -
Now, a lot of this could easily be eliminated by simply setting a trailing stop with each order- and perhaps vary the stops across the position- Ideally once the trade is in profitable territory- and if the position is divided into 1/3 sections- set one stop to trail @ $12 cents, another @ $14 cents, and perhaps the final @ $16. or even wider if it's in the green Note that the price swing in SOXL from 9:50 to 10:12 was a very large $0.40 swing. That's an unusually wide price swing I would think....
I could then also step in -if price makes a big gap away series of up moves- elect to modify the trailing stop to be much tighter- On most of these upsurges, a $0.07 price bar may be the average- I also tend to sell a partial position early in an upmove to lock in some gains - Typically a 50 share sell @ market- I did that a few times today - and i would adjust my stops from 100 shares to several 50 share stops to accomplish this-
So, while I'm inclined to be "hands-on" with stops, a wider trailing stop on at least one partial position that initially gets out at break-even should be a goal ...future consideration-

[sd]

EOW- IRA- $195,406; 150k in CD's that will ultimately yield a 5% return -1 yr,2 year,5 year-The income return on the 5 year will be approx $200/month. The 2 yr pays out slightly more -but 2x a year- The 1 year pays out 1x annually. The annual income from all 3 will be approx $7k+ with each fully insured and guaranteed- That will be a net +3% return into the IRA and leaves me $45k to invest or jump into cash- Presently I'm in some conservative funds- JEPI, JEPQ, planning to add GCOW next week. Exposure to large caps with VUG, MGK, and finally GDX, GLD.
The Roth is barely up on the week- The price of experimentation and a large % in CASH and not invested- $81,681.00
I'll be taking on some swing trades if the markets continue to find reasons to trend next week- I may also elect to put a portion of the Roth into a 5% CD- particularly for the shorter term- versus the funds sitting in cash ....
April is historically a good month as long as the markets were up in the 1st quarter-and that's followed by "Go-Away in May" -
We'll see how the market interprets the Fed's likely consistent raise higher - as a most likely.outcome-
Listening to the pundits on CNBC- they are pointing out that Big cap -particularly TECH has the balance sheets that can weather some market volatility and higher rates-
Small caps will likely get crushed here....in the tighter environment- Banks tightening credit lines- rates higher- and they have been consistent underperformers- for the past 5+ years- They will continue top be under pressure in this environment. They also- presently trade at an unusually high relative PE as a group.

[sd]

Let's check out the SOXL chart - which is the 3x for the SMH Semi index.
The RED line on the left was the premarket bid/ask

Here's a 2 day chart - Notice that the Bid/Ask was below the prior day's Close in the premarket just ahead of the Open- but the actual Open was even lower!
This was something of a surprise as the Futures were all up in the green- I initially thought that this didn't seem to make sense- that since the semis have been gaining, they seemed to be a winning market segment. Thus, I was biased to take the Long side. Got in wrong- because i jumped in Early despite the Price action in The Red.

I bought 100 SOXL $17:.58 @ 9:31;18- during this initial open red bar-
I sold it during the 2nd bar for an immediate loss -




SO, What was wrong with my entry trade?
#1- my Bias was to go long- The Price Action was negative and below the prior day
#2 - I jumped the bar and entered long before the bar made a lower Close from the Open . 100 @ $17.58
The bar Closed below the Open, an indication that selling pressure was stronger than potential buying.
I set a stop-loss @ $17.45 -which was taken out @ 9:32.05 - This stop was just a few cents below the Low of the opening bar-$17.45 - so I was risking $0.13= $-13.00 on
Note that the Day's Low was $0.02 below my stop - $17.43

Bar 2 pushed down and the stop was hit by a paltry $0.02 cents- So that became a $-13.00 loss right off the bat.
Bar 2 remained a RED bar but Closed above Bar 1- Technically this was a bullish Close-
However, the Bar still closed in the RED, albeit higher- but a wide 20 + pt bar as well
Bar 3 was also a Red inside Bar....
Bar 4 turned into a more bullish Blue bar- but still did not make a new high-
Bar 5 made a push for a new high, but Closed back lower Bar 6 tried again for a new high but also failed. However, the potential entry as it made a new high would have been an ideal buy-stop with a stop-loss below the low of the prior Blue bar $17.65. The entry would have been $17.70 on a Buy-Stop- about where the premarket bid/ask red line was made.



This type of analysis will have to continue another day- but it's useful in putting the decisions made today into context- One caveat though- at the time a decision was made- the Bar color may have been midway and only reflecting the action at that moment- Where the Closing bar tells the better story

[sd]

4-1-2023 Sat am- woke up @ 5:30 am and couldn't get back to sleep-
As i started to wake up, thinking about the trading I've been doing- and last week's internet issues, and then a squirrel taking out the transformer that kicked out the breaker on the power line- I became aware that while most of the time service will likely not get interrupted- but if I put a trade on and suddenly there's a power drop- for any reason, and my internet goes out- I need to get a back up power supply that will keep my internet on long enough for me to be sure I have stops in place, or potentially Close out of any trade I may be in.
I also need to contact TD Ameritrade- have their customer support # written down, so I could use my cell phone to call and request a service member take action on my behalf if I lost service- but the battery backup should be item #1.

I'm going to annotate the chart of the SOXL and possibly TQQQ trades I had on yesterday- and maybe the AI trade that WCS-woulda-coulda-shoulda- made my entire week with just a 100 share position that I stopped out on-(a potential to gain $400.00 slipped away because of my tight stop-loss management)
So, the logic is that I can take a number of small net losses that will be recovered in just 1 or 2 bigger trend captures-

[sd]

SOXL: STARTING WITH THE BASICS- Trend identification- Without price bars to motivate one to react, the emas seen here would have suggested that only 3 or 4 trades potentially were all that would have been needed- and, if one waited to enter until a confirmed uptrend was in place by viewing proper ema alignment - beginning @ 10:40 am, one would have said the uptrend lasted until 1:10 pm - Of course, that gives back gains that were seen up until the fast ema rolled over @ 12:40 PM- AT ABOUT THE SAME TIME THE mACD fast line crosses the slow line and begins to decline- Note the histogram goes below the 0.0 line when this occurs. Also, note that the stochastic actually weakened prior to the macd cross @ 12:28 from a high stochastic level.
This coincides with the upside momentum surge that price made , pulling the fast ema into a gap widening pullaway from the slower emas.



With the chart above showing the Elder price bars-

Consider the trending periods- each price level- horizontal line represents a $0.05 change-
When Price has a surge in momentum, as seen in the line chart above, the Fast ema follows price moving with some increased velocity to the upside- causing the red fast EMA line to widen rapidly. None of these gap away momentum surges last for an extended period- 4 upside gap aways are seen in the upper chart, with 1 downside gap away in the 1:30-2 pm time frame. These strong momentum moves are opportunities to Sell into, as price always reverts to the mean- establishing a more normalized price action.
Gap away #1 9:42-9:48- Wider green Elder bars- Price then consolidates at the low of the peak bar for 2 bars, waiting to see if more buyers will offer higher prices-
That Peak bar Closed mid point- indicating exhaustion of buyers willing to pay higher prices. At that moment at least. the following 2 bars rested at that same lower 17.90 price level, possibly a dip to 17.98 in the mid bar- That's why I often trail stops just $0.01 or $0.02 below the round number and the low of that last bullish bar. However, that last bullish price bar was a wide ranging bar $17.90- $18.09.
I missed it! My initial entry stop had been taken out by a $0.02 margin, and I was seeking -viewing other trades- I saw at the time the difference in TQQQ- which had opened higher than the prior Close-
and so I was bullish - during the open. I could have set a buy-stop for a SQQQ entry above the red bars and Blue @ $17.71 - and planned to use the low of the Blue bar as astop- $17.56 but that is pretty wide-Assuming a buy-stop order did fill-, allowing that 2nd Blue bar to become the entry- the stop could have been raised to just below the higher low that bar made. I missed the big momentum surge which like would have captured a $0.25 move- or $25/100 share position-
I went back into SOXL belatedly LATE-
Trade 1- T1 - Buy 100 @ the opening bar 9:31:18 $17.58 Sell (loss) 9:32 $17.45 (-$ 13.00)
Jumping in on that Red bar negative open was a mistake- and stop was hit $0.02 from the Low of
Day-
TRADE 2 (T2) @ 10:05 $17.75- Sold for a $0.02 loss $17.73 @ 10:10
SO, still in the RED with SOXL losses-

@ 10:33 -T3- Bought 200 SOXL $17.86
Sold just 50 (lock in profit) @ 10:52 $17.93- ($0.07 gain =.039%) or a $3.50 profit.

@ 11:33 T4 bought 200 additional- $18.05 Position size now @ 350.00 shares. or $6k+
Sold 4 ea 50 share take profits -11:39 @ $18.08, 11:46 @ 18.08, 11:54 @ 18.08 11:58 @ $18.14

T5- 12:07 - Buy 200 $18.15 (holding 100) Position size now is 300 shares
Sell 50 @ 12:17 $18.13 likely was a market sell to lock in a partial profit.
Sell 50 @12:26 $18.25 likely was a market sell to lock in a partial profit.
Sell 75 @12:31 $18.29
Sell 75 @12:31 $18.27
Sell 100 12:32 $18.25 These last larger shares were likely staggered stops executing

T6 Buy 200 12:43 $18.26 Sell 200 (loss) 12:55 $18.19

T7-Buy 100 15:01 $18.07 Sell 100 15:07 $18.09

T8 Buy 100 $15:03 $18.12 Sell 100 15:07 $18.08 (Loss)

T9 -Buy 300 15:09 $18.13 Sell 300 15:09 $18.13 Break Even

T10 Buy 300 15:18 $18.16 Sell 300 15:32 $18.23 Profit $0.10 $30.00

T11 Buy 100 15:55 $18.17 Sell 100 15:59:14 $$18.28 Profit $0.11


OK! this is time consuming- but now, I need to mark up the trades T1-T-11 on the charts to see what was done and what I W-C-S- Done Better- Hindsight is always 20-20 but in the moment- that clarity is not so easy to come by- particularly when one is "learning by doing" as I am ...

TRADE 1 ENTRY during the open as price appeared to try to move up- I jumped in on the upmove- only to find the bar Closed lower- I set a stop under that opening bar's by a few cents and it was taken out by the next bar- Had I waited for the Bar to complete, I likely would have waited to see a bar that moved higher- Bar 2 did exactly that- but it would be a wide ranging bar despite the higher Close it was still RED due to the Opening gap lower. I would likely have been a buyer on that higher Close-as the futures were all in the green.
Perhaps a consideration on a volatile opening is to enter with a smaller position initially, and a wider stop???
I missed the quick big momentum move that followed as i turned away to go long trades that had opened higher-TQQQ and AI- and only returned to SOXL late after thaT MOMENTUM CAME BACK DOWN.
While i am in this learning curve period- I likely should only try to focus on 2 possible positions- 3 at the most- and try to manage them well.

Trade 2 -While it was a loss of $0.02 it was an excellent trade based on getting an entry as close to the Point where the Trade fails - P.O.F. One can take a lot of $0.02 or $0.03 losses and make up for those with one winning trade.

Trade 3 was good- entered with a bit of size (200) and caught a bit of a gapaway , but I was slow to sell into the gain- only selling a 50 share portion when price declined a bit. I did hold as price pulled back and consolidated above my entry. But I should have trailed a tighter stop on that momentum surge-which I did on later trades.

Trade 4 added size +200 to the position. Price was trending - I lightened up with a series of partial sells that only caught a minor small gain on 3, with a larger gain on the last lot sold, but still holding a position into another add T5- At that add, I think the position size was 400 shares.
T5 caught the 12:26 surge higher- and I prudently raised trailing stops and captured a large % of that move .
posting this much of the annotated chart- This is now Sunday am and I may not have time to complete this...





tRADE 6- lOSS -$14.00 nOTE THAT WHILE THE EMAS WERE STILL in alignment, the MACD had made a definitive turn to the downside- but was still above the 0.0 line- Stochastic had made a slight upturn,
Stop-loss was likely set $18.20 under the Red bars that followed- This trade was following a bullish green bar that tried to recapture the uptrending ema- so I'll score this as a good trade.

Trade 7 , Trade 8 - I went in on a good signal, but JUST NERVOUS PERHAPS, DIDN'T GIVE THIS HARDLY ANY ROOM FOR VOLATILITY- so, took losses on both of these that I should have given some room.

Trade 9- added size - a likely wrong reaction to the 2 prior losses, and stopped out immediately at break-even- I likely would have been stopped out for a loss on the following 2 bars as it dropped back to the fast ema-
Oddly enough I entered Trade 10 -also with Size- and perhaps after seeing the prior 2 trades were unnecessary losses, gave this some flexibility-as the very next bar dipped back-again to the fast ema-
But I held the position and properly trailed my stops and sold near the top bar when price pulled back.
Price declined substantially on this momentum gapaway Fade- and I thought the day was done- but when price made the upturn 6 minutes before the Close, I took a small position that was able to ride it into the Close for a quick gain.
I missed selling at the peak, but sold as the 3:59 pm last minute was underway.

The final gain for the day in this position was in the $70 + -
A larger gain and perhaps fewer trades were made in TQQQ- about $80 + not enough time this am to annotate the chart-

Potentially, while it was a net profitable day-trading day, my potential gains would have been much better- potentially 2x as much, had i allowed a bit more room for volatility- or got into those P.O.F trades at price swings lower-

The purpose of doing this exercise with annotating the charts and reviewing the trades- something I need to do each day- is to help prepare me to take better trades- and perhaps additional size if a tight stop is reasonable-
If I can get a level of overall competency- and see that my winning trades exceed my losing trades - and I can size up on those winning trends- I'd like to see if I could set a goal to have my winning days exceed any losers- Can I manage to make at least $100/ day- while not losing $50?

I really missed the Big move in AI- got whipsawed for a relatively small loss- when a trade like that could make up for a full week of losses!

[sd]

4-3-2023
Futures Mixed premarket with the Dow in the Green, and the Nas and S&P in the Red.
Energy taking a big move higher on the Saudi's cutting production- WTI crude is $81.00.
Energy as an essential commodity can be a big contributor to the inflation data- in either direction.
Last week's sectors -all in the green!



Spring is arriving here and it's early planting time- Got some veggies at the farmer's market- Prices are still quite reasonable- a 6 pack is now $4.00 at one stand and a 4 pack just $2 at another- The Greenhouse that normally we buy from has shut down it's vegetable operation due to an inability to get enough help-and health of the owner...Unfortunate-

Took an initial trade in UDOW- as it was up at the open and moving higher- trailed a tight stop and netted $25 gain-
Went back in after it moved higher- and present stop $56.97 will be a net break-even on the 2 trades if it hits-
Went in TQQQ on a move up-green bar- initially set a wide stop- added 100 shares as it pulled back- then raised both stops to reduce the loss on the lowered averaged cost-
Both stops filled for net small losses- Watching this sideways range developing...



Back in TQQQ but with only a 50 share entry on the higher green bar break through the downtrend line drawn.
We have a support 3x so the $27.70 level -stop set just below $27.69.


Got stopped out- Taking a $40.00 loss on the day- called it quits and headed to LOWES for their bagged mulch sale-5 for $10. Late lunch at an almost empty Applebees Spent the remainder of the afternoon


Stopped out 10:37 TQQQ,UDOW.
Udow stop filled on my raised stop-loss to see a net $0.02 loss on the second entry- so still holding a $22 gain-
Conversely TQQQ hit my added position stops for a loss this am -$36.50
I'll be viewing this pullback in TQQQ to see if the prior $27.71 low holds .




11:21 - Entering TQQQ long on a 1st green bar- above the downtrending fast ema- $27.52- stop $27.44


Back in TQQQ -now 250 shares- stops $27.47 presently under the consolidation lows- Looking for an oversold bounce from this level
-


There's the step upo- a higher bid filled 11:33- but then reversed and tested that $27.50 low. Amazing sometimes how often this type of basing low can be a springboard for price and buyers to find "value"- until it breaks higher or lower-



Breaks lower- stops fill for tight losses-



This brings my losses in TQQQ today from - $32 to -$51.57- The cost basis was $27.53 on 250 shares- stops filled $27.47- @ my stop price. I have a smaller profit on the UDOW trade of $21.82- so I'm -$30.00 @ 11:44-
So, today the markets opened Mixed- Dow higher, Spy and q's lower- The trend today - Dow held it's gains- but notice how it rolled over.



The DOW- I went into UDOW late after the higher open- and the 2 minute chart shows the strength and momentum that it ran higher with - W-C-S focused on this 1st instead of late- but Note how well this ran and stayed with Closing bars above the fast ema .
This could have been a much larger gain had i entered earlier- and again- gave it a bit of stop lee-way

11:55- UDOW had pulled back lower, made a move up, consolidated- I set a buy-stop that just filled with a stop $0.12- below the 0.50 price level

With a 2nd bar that went higher, I tightened my stop by 50% to reduce the Risk to a $0.05 loss-


Stop was raised to Break-even $56.61 on the upmove, but Price made a pullback to the fast ema- ($56.64-) so the anticipated resurgence of the uptrend may not happen here at the noon hour.



Back with another at Bat in TQQQ- potentially it may be trying to make a Reversal of Trend here @ 12:22- but my stop was just hit in Both UDOW and TQQQ-That 150 share position loss raises my loss in TQQQ today to -$62.54.
UDOW gain $22.00 -




Thought I updated this- but don't see the post- Hmmm?
I ended up with a net $62 loss in TQQQ- That's what happens when you ignore the trend and seek a trend reversal-

The offset gain in UDOW- a meager $22+ so, the day ended with me packing it in, heading to Lowes where we bought 45 bags of mulch, swung by Applebees for a mid afternoon lunch- and returned home to work in the yard mulching plants for the remainder of the afternoon.

Fighting the trend - and hoping to get in early on a reversal- is fighting the directional momentum-
So- I went against the trend in trying to see a R.O.T in TQQQ- where the downhill momentum carried the day- and -conversely- Went With the trend in UDOW and had a winning trade- albeit a small one- Overall, this reinforces a lesson-
"The Trend is Your Friend" - Trade With the trend- brings more successful trades. DUH.

ROSS- Pushing the trade-or knowing when to step out
www.youtube.com/watch?v=5NmHy0KowXQ

[sd]

4-4-2023
Futures in the green, relatively flat though- at 6 am-
Why am I awake this early?? Seems to be happening more frequently -Spring is here, and lots to do-
Reading a bit about the potential release of the FEDNOW- move to a digital currency-


Such a transformative move- don't know if this will happen or if it's theory or hype- But something to learn more about-
The US $D was the standard for a long time- but it appears that our money printing has led to a weakening in the eye of the global markets-

GLD appears ready to potentially breakout from the recent base- whild GDX has been in a solid uptrend for the past 3 weeks-
The banks under pressure is driving this- likely will continue higher in the weeks ahead- particularly if there is more uncertainity around our financial institutions-
I'm holding positions in both in the IRA-

Mike Wilson- MS strategist reiterates his belief that as earnings deflate in the reporting period ahead, the market makes that looked for correction -and the present leaders- a small % of the mega caps -mostly tech related- will not continue to be benefitting and leading-
3 minute audio podcast:
www.morganstanley.com/ideas/thoughts-on-the-market-wilson

April is historically a better than average Month, while there is historically market weakness-on average May-October. Therefore the admonition to "Go Away in May" came about-
corporatefinanceinstitute.com/resources/capital-markets/sell-in-may-and-go-away/

With CD's offering upwards of a safe and guaranteed 5% (annual rate) return- No point in holding a lot of cash- Some CD's can be bought for 3,6,9 months -so parking cash in shorter term cd's- that may give slightly lower returns is still generating income- I'm holding a large % in Cash in the Roth account- and - will put a portion of that into CD's
today- I'm planning on laddering on different time frames- I want to keep enough in Cash for short term trading- but will likely put up to 2/3 into CD's - 5 yr, 2 yr, 6 month.
I'll be calling the TD Ameritrade fixed income dept today to talk with a specialist to find out the odd differences in rates-
For example, - in the TDAmeritrade- go to Research and ideas-then the menus pop up -go to Bonds and CD's- then CD Center

The primary differences to be aware of - the CD issuer- Bank- how is it rated? CD's are covered by FDIC insurance limits- Some banks offer different rates for CD's that are relatively close to maturity- I think I want to select from a major bank- Like Goldman Sachs, Morgan Stanley- Bank of America etc vs some smaller lesser known- and perhaps not
considered by the Fed to be "Essential" -
I also want to Buy a -"non-callable" CD- meaning that the Bank cannot repossess the CD if rates drop and it wants to pay out less- A callable CD gives the bank the option to take back the CD and offer a lower rate....
Some examples seen in this listing -some major banks offering CD's along with some little known- and some non-rated B,B,B-, NA Kroll rating.





Ever want to get a better understanding of economics/business-finance? Some free introductory classes in areas related to such subjects-


corporatefinanceinstitute.com/collections/free/


Jaime Dimon- issues warnings- Banking cris not over- will have repercussions for years- That's not reassuring-at all- but likely well worth considering that more failures will occur and that will also likely disrupt the market's optimism- despite Yellen and Fed's attempts to reassure us.
www.cnbc.com/2023/04/04/jpmorgans-jamie-dimon-says-banking-crisis-is-not-over-yet.html

ExPresident Trump is in NYC for arraignment today on charges associated with his payoff to Stormy Daniels-porn star- If he used his own finances to pay her -off, that would be perfectly legal- The DA seems to want to try to tie the payout with political funds- thus the "trumped up" charges- I think the goal there is politically motivated by the Democrats to try to damage Trump if he runs again....and that's B.S. - What ever happened to the investigations around Hunter Biden's business dealings, laptop?..... Personally, I hope Trump does not Run as it will likely see the democrats continue to hold power- I was a strong Trump supporter- Until the incident at the Capital and his refusal to accept the election results- Very dangerous ego ......Just my opinion. Essential we protect and respect the process by which we have elections...


Futures still green @ 7:30 am

Green @ 9:15 -modestly..... Looking at SOXL,TQQQ,TNA


Will trade directionally WITH the EMA trends!

Setting wide stops for 1 share in each premarket- to have on the board for a quick change on an entry


Choppy markets- SOXL and TQQQ both whipsaw directionally- stops hit -down -$27.00 in total loss.
Masdaq is up $0.01

GDX- I'm seeing a strong momentum up move today- Have a 190 share position in the IRA- trailing a stop for 100


Choppy action in the SOXL-The surge @ 10 am likely the Jolts report- didn't last...



Markets in the RED-
Taking some time this am to Buy some CD's - will put 50% of the Roth into 5% CD's- but split that over different time frames-

long SDS

Long Dog



At the EOD- down on Tqqq,SOXl trades I tried- Up larger on GDX, GLD, and DOG, SDS.

This afternoon I went ahead and put $50k into 3 CD's- That leaves me $30k to trade with in the Roth-
1 $20k CD is just for 6 months- will mature 9-29-23 - That suits my bias thinking that we likely see a choppy or lower market in the months ahead- That CD will return +2.5%
by the end of September - and then I can reassess the market conditions because we will know by then what the Fed may elect to do- I also listen to the bears as having a more realistic outlook - and becoming more defensive makes me sleep better at night - NO FOMO.

The other 2 CDs are $15k each- one is 18 months out 4.95% return -
The last CD is 3 years and also almost a 5% return- -
So, the rationale is putting enough $$$ in a fixed income guaranteed return in a market that is perhaps heading into a recession seems prudent- Instead of trying to outperform the market by exposure to stocks- and a much higher Risk- having a portion in guaranteed income allows me to either take more Risk with the cash remaining- or even sit on my hands- as my choice. Choosing to use a short term CD that will be mature 9-29 will give me additional freed cash in the account if I decide i want to trade with the additional funds going into the Fall- Normally a good time- November on-

[sd]

4-5-2023

Mike Wilson with Meb Faber-interview
www.youtube.com/watch?v=Jl0_Uot6nzw

"




worth considering his bearish view- He thinks earnings for the S&P will continue to decline much lower than the consensus view of the market. -He thinks 10-15% downside as a minimal target-
Since the market is up -primarily on a very narrow outperformance of a few megacaps-the remaining
market members are not outperforming.....


Ross- Class on scaling in and scaling out-

www.youtube.com/watch?v=KzVbXzkoZkA

I have a nice gain in GDX yesterday that I'll be protecting today- and potentially ADD to-in the IRA. I took a fling at it breaking out yesterday afternoon from it's very tight range- but that didn't work- gave up about $7 on that trade on 100 shares-


A leavitt bros member's post on GDX- using the Fork to define trend and potential levels-


Another member selects a long term chart:

and his projections modified




These type of Fib/forks appear to often be coincidental? and it's subjective where one draws the lines and points-
As the 2 members have different charts and elect to interpret the price action differently.
Presently, I'm inclined to think Gold and GDX goes higher with the uncertainity around banks still a potential ugly duckling yet to be seen- if not another Black Swan-appearing-

Futures flat @ 7 am-

I've got to take time today to continue getting the garden set-up- Get a load of mulch, set up the irrigation system for the plant beds-set up the watering timer.
GDX up premarket-
TZA- small cap short up premarket
Took gains in the IRA in GDX, but getting chopped up/whipsawed trying to trade TZA, GDX in the Roth- 10:22
Calling it qa day- I've $122 in losses in the ROTH- Gains in the IRA- calling it a day-
Truck load of leaf mulch I picked up this am - need to spread that around, weedblock and irrigation on the plants- and a spring day- almost going to hit 80 today-
I'll be far more productive working outside than I am trying to play daytrading today-

[sd]

4-6-2023

Futures flat-RED @ 7am- JOLTS report saw fewer jobs filled, recession expectations increasing, Banks instability continues-real estate heading for a crisis as commercial real estate is seeing a lot of vacancies in many parts of the country- so commercial rents are down, commercial mortgages are under pressure-
TSLA sales declining, as the EV market widens- GM volt gaining on the sales in the low price range for EV sales.


6 week chart TSLA,MSFT,AMZN,AAPL,META
tHESE LARGE CAPs dominated the markets rise in the past month-with META leading-
TSLA leading to the downside- and the remainder all giving a shallow dip yesterday-Signs of a deeper decline as investors rotate $$$$ elsewheres?


THE ytd- INCLUDING SPY,NFLX- BIG GAINS IN TSLA AND META LED THE INDEXES HIGHER



lOOK AT THE ytd! tsla PEAKED IN feb, WHILE meta CONTINUES TO TREND HIGHER

rEGIONAL BANKS NOT RECOVERING FROM THE PANIC SELLING:


@ 3:07 bought 250 TQQQ $27.46- stop $27.39 to see if the markets can make another attempt to go higher into the Close.
Notice that the price swing low in this recent base was $27.41, and price hast tried to step up a notch slightly higher-
This was price also pulling back to the slower converging ema- - My stop is set $0.02 below the swing low bar- and it looks like it will be hit here.

The TSLQ- TSLA short:

GDX miners on a strong uptrend as banks go in the other direction.
I'm looking to reenter on a dip back lower to the fast ema-$33 - $33.50 level



Gold:



9:15- Futures deeper in the RED
I'll look to the inverse funds to start today- Markets closed tomorrow- Jobs report 8 am Friday

Smaller positions on the initial entry intended-

After 2 whipsaws, caught the bottom in TZA- 200 shares position now- net profitable/green on the day with stops in place-
Also a trade in GDX as it declined initially this am

looks to be a sideways market action 10:35 am

Stops were hit on the split stops $34.19,$34.25, $34.27 scaling out of 200 shares- Presently made a earlier loss negated with a $40 gain presently-

Built a 300 share position in GDX with the expectation that it would make a push higher- the 1st 100 share position stop was raised to ensure the gain- and I added 200 more on a higher price move that failed to initiate a higher momentum move- My net loss on the trade is -$7.67.
Holding a net loss -$21.33 in the early SQQQ trade taken right after the open .
TZA trades net gain was $32.00- just bought on the 11:20 a new 100 share position on a 1st blue bar reversal - Price moved up $0.10 and I raised my stop to break even immediately -
Price moved up - My cost basis was $33.865 - sold 25 $34.01- stops raised and filled on the remaining 75 share $$33.98;$33.97.
Just stopped out. 11:27
TZA gain $44.99.
TZA is choppy- Bid/ASK spread has a lot of price gaps filling.

Taking a Long trade in SQQQ- much tighter price action- in 100 $30.93-on a couple of tight blue bars- Tight stop $30.86 filled within 2 minutes




With a sizable position, and stop within a few cents of my cost- getting a momentum follow through move-


OK! this is the momentum move favoring my position! Hopefully it won't chop too much here-and can keep going


Sold 50 shares on the top of the upmove green bar- I plan to scale out on higher moves- if they occur-
My present average cost on 301 remaining shares is $27.10.
I'm setting the majority of my stops at $27.09- That is just a Risk of $0.01- with Price having made another step up move and trending higher-I hope to see this develop with another leg stepping higher-

This is the basing level that I think price will spring higher - fingers crossed

GDX is working- 203 shares cost $34.26- trending higher-
Added 200 shares on a buy stp $34.51- stop loss $34.44


Tightened a part of the position to $27.14 on a dip lower from the present price base- the other 1.2 remains $27.09

12:48- holding 400 shares TQQQ- I've scaled in and added -and with trailing stops and in profitable territory- using these sideways consolidations as stepping stairs that price should not violate to the downside

Targeting an entry in a tight consolidation on the fast 2 or 5 minute time frame offers a very small loss relative to the amount of $$$ invested in the position.Presently today I've an +$86 gain after deducting the earlier -$34 loss in SQQQ

stops triggered in TQQQ- entire position except for 2 shares sold. Modest net gains of $40.42 - Price breaking the fast ema's and psar.

Back in GDX -300 shares $34.44 initial stop $34.38 adjusted lower to $34.37 below the prior swing lows - looks weak here.
I would have thought that the weakness in TQQQ would benefit GDX.....perhaps not...


1:14 gdx STOPS OUT- SO- i'M NEGATIVE IN gdx TAKING ON THIS EXPERIMENT IN TRYING TO SIZE UP . Net Loss is -$26.14



Back in GDX- 250 shares and also in TQQQ @ 1:26 pm-
The rationale for the re entry in GDX is the trend is still to the upside- had multiple red bars decline- got a 2nd blue bar prompting the entry with a stop loss Risking $0.07-

Getting a higher green bar potential momentum improving- stops to be raised... stop raised to $0.01 under my entry cost-
will split the stops in 3 levels- to consider scaling out into an upmove.

We seem to be sideways this early pm- I'm willing to Risk the day's gains on getting some actual experience in practicing in sizing in -0 and ideally- sizing out of trades. I don't want to risk a substantial loss by just setting a very wide stop .
Today may become a relative wash-out thanks to my experimenting-but i'm gaining some confidence in targeting those very tight entries close to the P.O.F- Point of Failure-circa Alan Farley , Linda Rashke...

tOOK AN ENTRY IN THIS SIDEWAYS BASING USING A LOWER LIMIT ORDER- WHICH FILLED- sTOP LOSS WAS SET JUST $0.03 BELOW AND IT FILLED AS PRICE BROKE LOWER THE FOLLOWING MINUTE- mY OTHER STOPS ALSO TRIGGERED - oN THE ENTRY i WAS RISKING $5 TO ADD SIZE INTO THE EXISTING POSITION .


sO FAR @ 3PM - i HAVE $99.00 IN NET GAINS IN tqqq,tza- BUT offsetting losses -$25 GDX; -$35 SQQQ

Stop was hit- I'm calling it a wrap on the day as we appear to be sideways...Profits for the day in TQQQ $37.12 with this loss in 250 shares-
I'm heading into the weekend with $30,300 cash available....in the Roth....

ADDED GDX as a long position hold over the weekend-

[sd]

EOW- Start with the summary - Notice that Technology was down slightly for the week-


Today's Jobs report will be essential information for the markets to try to assess and play the "I'm more knowing than the Fed game" .
Initial Jolts report indicated that the jobs market was softening- with fewer jobs added than expected-
How the markets interpret the Fed reaction- because that is exactly what the markets are gaming- is that the Fed will be forced to take a more moderate stance- Double edged sword...If we find that the Fed's actually halt and do not raise- it's a pause- - it means a conservative wait and see- The FED is typically late in assessing the actual conditions- But a number of people are declaring that the FED needs to understand that the effect they are trying to achieve is already in progress, and -if they continue to raise rates, it will be an overkill and throw the economy into a deep recession

Jobs report came in relatively steady, and showing that the unemployment is not decling substantially, and that wage growth is still strong,
This suggests the Fed will not feel pressured to cut or pause the rate hike at the next meeting-
Additionally, the expectation that S&P earnings are coming down and will very likely continue to decline as the economy indeeds slows-
This makes the argument that stocks are relatively expensive presently, and will be more so in the face of an earnings slowdown- and the market will reprice lower- perhaps quickly once that realization sets in.

Guiy Adami, Dan Nathan, Mike Wilson podcast-Wilson is the chief strategist at Morgan Stanley.
give this a view ....https://www.youtube.com/watch?v=L15I5HBj3aY

Wilson points out that Tech has led recently, and Semis particularly- but he points out that small caps are vulnerable, and -as clients of Tech- will be cutting back on expenses. He expects that sector rotation will shift to more defensive sectors as we move forward.
Present valuations are 10-15% too high ....
"Pay attention to what the Bond market is telling"
"Sell-off in the next 6 weeks"
Year end Price targets: but volatility could take us below that -15% level during the course of the year.


Since we had such a long and extended bull market- and the amazing snap back rally coming out of Covid- We are likely inclined to think we will go back to that strong trending market of the past years....

They present very cogent reasons why they have a bearish outlook- The upside is perhaps minimal- , while the downside is substantially much greater- skewing the Risk-Reward for investors-
When you can get almost 5% with 0.0 Risk...worth a consideration to allocate a portion of one's assets to a guaranteed return.





Short TSLA? Dan Nathan's take :TSLQ

www.youtube.com/watch?v=4yRR1vQ3CiE

Viewing Ross' lengthy Youtube class on Scaling in and out of a position.



download the video of his actual trades on the day....

Scott Manzo- Investors underground interview:https://www.youtube.com/watch?v=jh1c4qM0O30
He referenced 'Traders4 a cause'--Phil- Goedeker -adapting, process Gollee, there's an entire world of social platforms out there- constructed around trading stocks-
I pushed the edge of the Rock I live under- and there it appears.....Covid era 3-2021 Diversifying from trading..
podcastaddict.com/episode/121751971

GDX chart- strong Uptrend the past 3 weeks-Notice how often it has pulled back intraday to the lower fast ema.....
Approx a 5% pullback to get there - and yet it continues to trend higher-



So, I made an impulse decision to Buy and Hold GDX on Friday- in Both accounts- It approximately outperforms GLD similar to a leveraged position- this is making a trade decision largely based on my personal bias that Gold likely goes higher in the weeks ahead.
The issue I have is that I am Risk Adverse- I'm not wanting to allow a substantial pullback of -5% to see price do exactly what it has frequently done in the past 3 weeks- and that is to come back and tag the fast ema....OK, let's see what MondaY DELIVERS-
i MUCH PREFER TO SET AN ENTRY, set a tight stop- and ideally it will comply and trend higher-
I'm not willing to allow trades to drop substantially - don't want to adopt that Investor role of holing through wide volatility swings higher- then lower- then hoping for a new higher- Only to find that that new higher has been postponed for a few years- and the position undergoes the damaged goods scenario- All it takes is 1 position that fails to negate the gains of the other- potential winners-

[sd]

4-8-2023

AS I go over my Friday trades- using the 2 minute chart- I took numerous trades- and ended up the day only with a marginal net gain- I certainly had a lot of activity- but with the goal to ultimately be profitable, pushing that rapid 2 minute envelope may not be the prudent method- Since I am also Risk adverse, I want to not set a wide initial stop-loss- so I need to focus on making better entries- I did not trade TARK -but copying

From the Leavitt brothers.com ; I think the approach that Devoid uses is the most instructive for me. He uses the 5 minute time frame with the MACD as an entry signal, along with the price action. The goal is to capture a big trend -and he gives the trade some room to run- often citing the 34 ema as a potential trailing stop . Note this entry on TARK- as the open gapped down, followed by a higher Closing green bar- That likely would have triggered me to take an entry-on a bullish bar- but that was followed by a lower Closing Red bar- While waiting for the Price and upturn in the MACD- He also allows price more leeway to be volatile- as seen here, his stop is held wide - not reacting to red bars pulling back lower-







Copying some of the Fib/Fork charts posted by members @ Leavittbrothers.com. This combination of Fib and geometric projections- it certainly looks interesting- but it's also very subjective - for example a lot of references to target the .941 for entry or exits is often cited...
What if the center fork line becomes the target...
And, as can be seen in this multi-3 fork projection, the red forkcaught the downtrend slope, and price then reverted to an uptrend at the 58% Fib level...., with the blue fork projection now in play.






Getting ready for a Family Easter here- Didn't get to annotate the trades - Duty calls- the important stuff!

[sd]

Monday -4-10-2023
Futures getting a bit deeper in the Red premarket-
TSLA down- made additional price cuts to try to improve sales- I may give TSLQ a shot today as a swing trade-

MCD upgraded by several analysts
Retail numbers coming out later this week-
Markets getting to think the Fed will raise 25 pts

long TQQQ,SOXL,SOFI






12:00 EVERYTHING i TOUCHED IS ROLLING OVER-



bACK IN tqqq 12:30 potential swing attempt to go higher


@1:30- Holding 300 TQQQ- wantin g to see a surge through $27.20- Have multiple stops @ 50 shares - with stops layered under $27.10-
If I get the upmove push I hope to see, I'll sell 50 share positions @ market to lock in some higher gains- Present value in TQQQ if sold here is $75.00-




on this recent upmove- I took an initial 100 share entry, added 100 as it moved higher- Sold 50 on the move to $27, raised stops to lock in staggered gains-
The $27.04 stop executed here


Added 200 as price consolidates above $27.00- stops are set below the $27.00 round number-


Added 100 SOXL- tracking the TQQQ closely -in a tight consolidation - TQQQ trying to push a bit higher @ 1:08

SOXL stops out-


TQQQ tried to get through $27.20, but failed to maintain- and fell back, took out stops at $27.09,$27.08- Net actual locked in profits just $43.00 with only 2 tracking shares remaining. This price decline -significant RED sell bar below the fast ema...



Headed outside to attend to sheltering some plants from tonight's last frost of the season- we hope-

TQQQ End of Day performance:




Dan Nathan, Guy Adami, Liz Young
www.youtube.com/watch?v=r_BSKbDQzes

Adami and Moses:

www.youtube.com/watch?v=95Z1R5f9B-0

[sd]

Tuesday- 4-11-2023
Futures were in the green premarket!But @7:30 slightly in the red. Market is persisting in believing the soft landing, Fed will pause soon scenario. Perhaps the markets have it correctly, and those that have expectations of a retest of the lows are all wrong- Are we overpriced based on earnings projections and present valuations- absolutely-
Sector performance as of yesterday for the last month


Read an article this AM from SA on GOOG being a strong competitor at a modest valuation compared to MSFT/NVDA-


Goog is up in 2023, just made a dbl top on it's upmove and break through the downtrend in Feb. Arguably, it's almost a 3x top @ 107.00- with a lot of relatively tight price consolidation $100-$107




So, the $107 level -$109 top resistance- represents just a $2 price range- with lower support @ 104.00
Premarket bid/ask is down $106.55 -$106.73
MSFT and AAPL are both down premarket


So, with 2 dominant large cap techs showing weakness- perhaps GOOG will also succumb back and drop to that lower $104 support area - below that $100 was the swing low level during this recent run higher - so a stop @ 99.75 would be a relatively tight stop respecting the recent swing low- particularly on a low $101 potential as an entry close to the P>O>F>



Presently, GOOG is respecting an uptrend line from the March lows $100.25 What today brings is to be seen.




Eric Schmidt- former GOOG CEO on CNBC this am suggests that the ultimate leader in Generative AI will become evident in 6 months- He also thinks GOOG has compelling resources


CPI report tomorrow.
Banks start reporting this week- Are they a compelling value here or damaged goods?

I took a large loss in GDX yesterday as I held it over the weekend- I bought it on the Friday bullish close as a swing- but wasn't willing to see it decline at the open Monday.

Premarket-9 am .... Semis -SOXL is bid higher, while TQQQ is in the red- Often they move in concert....


Went long GDX- 2x 2 trades- holding gains- Also SCHW- presently in the green, stop close to B.E.
Small net losses as I tried both TQQQ,SOXL-



Afternoon- uncovering plants - protected from the overnight frost potential.

[sd]

4-12-2023 Markets waiting on the CPI @ 8:30 am- @ 7 am futures mixed- Nas slightly in the Red, S&P, DFOW slightly in the green but the direction will be taken after the CPI results get interpreted-
Short time for trading-today - Have to get things in the garden planted, and a dental appt this pm .....
I did add several long swings yesterday- CMI, -BWA- in the IRA Industrial- automotive CMI is a diesel mfg, and BWA supplies auto parts- that was recommended by one analyst-
Both have tried to rally from swing lows- bwa- selling to the auto industry-----and supplying parts for electrification- Both are speculative trades that need to continue higher or I'll take the loss on any pullback.



Warren Buffet in Japan on a buying spree of Japanese brokerages- Warren has unloaded a number of bank positions- recently- but it sounds like he held his BAC position-
He doesn't like the lack of accountability that bank officials presently enjoy- and would like to see them have to give back bonuses and stock that were rewards for good performance if the Bank prove to have made irresponsible loans, investments and the Bank gets into trouble... Makes perfectly good sense....
similar to how officials in the government that have inside information on policy and perhaps contracts shouldn't be allowed to make inside trades based on their information gained ahead of the public.


Yesterday's trading was controlled well- from a Risk point of view- Didn't make a lot of money but was profitable in 3 positions I traded, took smaller losses in 2 -
What worked particularly well was scaling in - and trailing/raising stop losses patiently as I caught a momentum move higher ....I did use the 5 minute chart primarily yesterday- but will view both the 2 minute and the 5 in positions I take today....

Futures in the green across the board @ 8am.

CPI came in below expectations- inflation cooling....
Markets will likely rally - Futures rising!

Jumped into TQQQ with size early - and down over -$100 when stopped out! Got in too early seeing that gap higher move up initially- same thing with GDX- but down -$28 on it initially- Post 10 am back in both with 100 shares each- seeing the 10 am upturn- see if I can reduce the initial loss....

Got the expected upside moves in CMI,BWA- but got stopped out early in both for gain s as I ratcheted up stops too tight-


Both reentries in TQQQ and GDX have hit stops- so I'm not getting a 10 am + move higher- Markets seem to be reassessing the initial CPI report- and perhaps realizing that stocks are price for no recession expectations- which is not reasonable- As Bob Pissani cited- markets- in a recession scenario- are 20% overpriced....
Got small net gains in CMI and BWA- but that was in the IRA-
Loss today in GDX -$32 TQQQ - $97.00