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Post by sd on Jun 9, 2024 19:33:53 GMT -5
Good weekend! Dodatta Breba crop coming in - That's a Fig - variety- Big 3" fig- green that turns a shade of yellow as it ripens- Got to allow it to fully ripen to get the full flavor- Honey-sweet. Going to have a large Breba crop from the 1 tree that I did not prune back hard last fall-cucumbers, Zucchini galore, and green tomatoes- Peppers flowering, potatoes- I'm pinching the flower buds off to see if the energy can produce a bigger crop- perhaps delay the plants natural wilt -
Kiwis- both Hardy and Fuzzy- I've really thinned out a lot of the green growth- trying to develop only primary shoots- Excited to see some fruits are developing- A local resident responding to a craigs list I had for some fig plants had a Male HK that was flowering- Brought me a bag of the flowers off his vine, I tied up next to my female flowers- and they only lasted 24 hours before wilting- but I have both HK and Fuzzy- I did have 1 male Fuzzy produce 6 flowers with loads of pollen- don't think they can cross pollinate the HK- but looks like we'll get a decent 1st year crop on 3 year old HK vines. Fuzzy Kiwi vines are 7-10 year old.
Peach, Plum,Nectarine, and apricot- single plants of each, all producing fruits since we never got the expected frost after the early warm spring-
Leaf spot showing up -along with June bugs/Japanese beetles- the spectracide bag/scent traps work well- - Daconyl fungicide spray helps - can also try to add a few OZ/gallon of Hydrogen peroxide to a Gallon of water- but test small areas 1st and see if the ratio can be increased to 4 oz/g - but not in full sun- do early in the am or as the sun is setting- but test on a small area initially to see if any burn damage shows up in 2-3 days- H202 can kill bacteria, and some bugs- but can also burn some plant leaves if used in too high a concentration. really need to do a series of tests of different concentrations on different plants-
But, if you've stepped in here- you don't care about plant /garden stuff- You're either a Bot that shows up each time as I log in- or you're bored out of your mind... but likely addicted to trading...
I'm finishing reading "The Wolf of Investing" The real story of Jordan Belfort- The guy that the movie -'The Wolf of Wall Street" portrayed-
After he served his 3 year sentence in Federal prison - He has gone on to share his experience- and aside from his tours and speaking engagements- wrote a book that is sometimes raw in language- yet insightful- in the mind of the broker and his mark- you-and me - the investor/trader... .
Really it's worth a read- refreshingly honest- and his final words of advice- Follow that of Warren Buffet- But and hold and reinvest dividends in a low cost Fund that follows the S&P 500 and invest continuously and reinvest the dividends. and get rich- slowly- but surely.
AHH- but we're focused on the Markets daily burps and giggles- Presently, Markets are trying to hold onto highs- disappointed by the latest jobs report- and the markets hopes for a rate cut of 3 (down from 6) is being reduced to -maybe a rate cut -or 2 in 2024- a token -.25 pts- give mee.....please - or else how do we continue to rallY?
OH yea, Friday the Roaring Kitty you tube live stream Friday afternoon- was a opportune time to sell GME if you had jumped in on the Hype-
Eventually, even the most Naive trader will learn that 'Pump and Dump' leaves him as the loser in these momentum trades when the music stops- Because the smart money left and sold into the hype.
This is interesting- Ross Cameron discussing a new style of charts that incorporates the bid/ask on the level 2 -
BOOKMAP
He explains the Bid/Ask sequencing of orders...
The Bookmap display is quite an advantage to see where orders are stacked it seems.
Ross tries to demonstrate his 1st impressions of viewing the markets in a new and different format.
www.youtube.com/watch?v=OQLfHuO8KlI
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Post by sd on Jun 10, 2024 7:23:21 GMT -5
6.10.2024 Futures subdued today- $Vix is 13.12-Calm- patient- waiting on the Fed-
France pres Macron dissolves parliament as he loses the re election bid yesterday.
AAPL World Wide Developer Conference this afternoon- Big expectations around AAPL showing they've got a solid AI framework-
NVDA split sees shares now priced at $120 range. - NVDA may soon represent 15% of the S&P market cap.!
Game stop - still in decline. Roaring Kitty's you tube promo failed to inspire his followers to push the stock price higher-
Ryan Cohen dumping more shares for sale at this elevated price- RK's options calls are at $20.00. Supposedly worth many $Millions.
A portion of Jason @lb weekend summary of last week's mkts www.leavittbrfrothers.com
For two weeks I've been saying it's decision time, but we haven't gotten anything definitive. Some of the indexes have moved up, but others have moved down. The internals deteriorated and then improved, but they haven't improved much. The trade ideas have been okay but not great. Commodity groups that led (copper, gold, silver, aluminum) have pulled back. Semiconductors have done well, but software has been weak. A few bitcoin stocks are doing well, but most continue to sit in tight ranges. I don't know if the path forward is any clearer than it's been.
The big picture provides a tailwind. The near-term has some cross currents. We can continue trading - mostly in the long direction - with stops in place. Keep it simple. Only trade the best setups. And don't argue with the market. Maybe NVDA goes up another 200 bucks (pre split). Or maybe it pulls back. If it continues, half of Wall Street will say: "I told you." And if it corrects, the other half will say: "I told you." It's best not to have those arguments with yourself. Sometimes you'll be right; sometimes you'll be wrong. You'll realize you can't predict the future with any certainty. And you would have been better off using your energy and decision-making to just trade what was in front of you, while being slightly disconnected from the wins and losses. It's why I sometimes say we need to turn our brains off and just trade what's in front of us without thinking too much. Be a slave to your process. To your setups. To your trade management. Let the analysts and academics create the noise which can induce movement that we profit from. Let's get to the charts.
The Indexes
The Weeklies
The S&P 500 posted a 1.3% gain last week. The RSI has moved sideways and could go either way. The MACD hasn't crossed back up yet. Last week felt good, but we don't have confirmation yet. The indicators warn of a drop. We need to be careful until their message is invalidated.
Not pushing to take a trade early- mkts still bearish. Perhaps AAPL will spark the sector today.
AAPL initially made a HH, but selling off a bit after the open.
Smalls trying to make a bounce after another drop on the OPEN
Goes to show- My Bias is that smalls will continue to be weak due to the rates higher for longer-
Trend is predominantly lower, but smalls are making a bounce this am.
10:38 TNA continues to trend -
With the smalls and TECH showing strength-
Looked at the XLC sector- it has been lower the past few days after posting a new high last week.
I elected to buy here - as it has made a 1st thrust, a lower RED bar bounce off the round number- and so I'm setting a stop $0.02 below that 2nd LL
11:45 am trade is working in my favor
Thematic investing intro article from Schwab:
www.schwab.com/learn/story/what-is-thematic-investing
On owning the S&P 500 index- It is automatically a correcting index
It dumps the underperformers- 30% change over 9 years-
www.investors.com/etfs-and-funds/sectors/sp-500-stocks-more-than-a-third-get-kicked-out-in-nine-years/
Afternoon- seeing some upside in swing positions taken last week- XBI, IWL have stopped out-
Markets relatively flat- Awaiting AAPL -
XLC pulls back and stops out @ B.E. Wanted to give it some room , but not take a loss.
AAPL tanking as the conference starts
Good -short - SMB video on using the 1M chart and the 3-9-5 MACD to guide an entry.
www.youtube.com/watch?v=t7XAyKAUvFA
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Post by sd on Jun 10, 2024 18:39:38 GMT -5
The SMB video in the prior post also linked here-
This is using a 1 M chart to get into a quick scalp trade- but it also has the criteria of getting that better early entry during a consolidation-
www.youtube.com/watch?v=t7XAyKAUvFA
The criteria for the MACD is to use the 3,9,5 on the 1M chart-
In the 3 examples in the video- the criteria is looking for the 1M to be in a consolidation/ranging set up-
The 1st move up with the Macd fast line making the initial cross above the 0.0 line is allowed to occur without prompting that initial entry- WHY is that allowed to happen? Perhaps this is recognizing that the 1st thrust- 1st assert- often weakens and gets a retest- and there is a higher probability of the 2nd assert to get more momentum. The 1st assert sees some initial buying, but price pulls back- but not too far- the criteria is that the MACD is above the 0.0 line -at least the slow MACD line- The fast line may have a shallow dip below the 0.0 line before it turns up and makes the cross-signaling the entry.
What this video offers to traders is a structured high probability entry- with a very limited downside Risk to where one sets a stop just $0.02 below the prior low bar- that preceded the signal to enter. Adjust the position size accordingly-
Selling on that 1st MAcd CROSS DOWN- will be a pullback bar off the high as the momentum fades a bit-
This same trade could be modified- to sell 1/2 on the MACD cross, and to allow 1/2 to use a raised stop that will trigger at B.E. potentially seeing that 1/2 position become an all day -higher trade gain...
Won't be trading tomorrow am- Frisco gets to get a vet check up...and then Costco for vittles...
Al Brooks video #1 - on scalping is a way to fail - Odds are against you.
www.youtube.com/watch?v=eY-mKJ6t8V4&t=901s
Al brooks-scalping video 2
www.youtube.com/watch?v=gOEDwTe4JuE&t=7s
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Post by sd on Jun 12, 2024 8:24:10 GMT -5
6.12.2024 off this am for a dental appt.
Futures in the Green. cpi report this am sets the tone...
Jason Leavitt- Stockmkt TV- interview starts at 29 minutes in..
www.youtube.com/live/VPopW89Ns3g
Late and chasing- this am to get long because of the mkt's bullish reaction to the CPI
Got whipsawed out of AAPL- - note that IWL is kickin ass versus IWM.
XLG vs SPY
XMMO vs mid caps .
Got to focus on the outperforming ...
FED-Powell 2 pm- MKTS up and holding- but will Powell scuttle the enthusiasm?
Nat gas co- DTM- trending higher- WHY?
Bitcoin Miners testing the prior highs
Gold trying to rally versus the USD$$$-Gap down last week broke support.
Gold Miners
Fed minutes released- More of a Hawkish stance with 10 Fed voters seeing rate cuts reduced- and holding higher rates for longer-
Stocks initially reacting by seeing declines as the 1st reaction.
I find myself in a similar position as A Previous FEd announcement- release of the minutes and then a counter reaction once Powell started speaking.
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Post by sd on Jun 13, 2024 7:15:03 GMT -5
6.13.2024
AVGO big beat -AAPL surged a 2nd day - Nas up premkt.
TSLA up 6% premkt ahead of shareholder vote on his pay bonus.
OT.
Breba crop ripening- these can weigh 1/4 pound each! Dodatta -
TQQQ gap up at the Open- SQQQ gap down but not dropping much lower -
Couldn't get my limit to fill $8.46 had to mkt buy $8.50 - initial stop $8.45
Smalls dropping
10:10 - SQQQ trying
sqqq.tqqq
Sold 1/5 (50 shares) to lock in a small gain- Stop moved to B.E. on the remaining 200 shares.
Trade TSLL on the pullback from today's Open-
This is a leveraged TSLA etf. Musk may have won his pay package vote.
so far 2 trades initiated on the 1M chart-
1st entry was a buy 1 share so I would have a stop order on the order page-
Then Buy -250 $8.056 @ 10:47
the partial 50 sells allowed me to net some small initial gain- helping to provide a cushion against the cost of the entry.
the 2nd entry cost $8.02- partial sell of 50 @ $8.169 - and I've adjusted my stops to be split to give me 100 shares below the round number and 100 shares to net =$0.02 - Ideally, this 2nd thrust attempt will have seen a bottom, where Price can rally higher-
However, Tech and TQQQ also are seeing some selling pressure this am.
aS i WRITE THIS- My net profit stops are triggered- this most recent pullback came within $0.01 of my stop $7.98 for just 100 shares- ... This would give back $4 - With this following up move,and a net small profit, I'll have to allow this stop to hold.
Fascinating, price ranging from $7.99 to a resistance $8.18 and now seeing a pullback from that level.
3rd entry trade -250 @ $8.115- stop under the swing low $8.05-
Also raised the partial remaining stop 100 from $7.98 to $8.05 -
Position size 350 n@ 11:57- Price approaching the prior resistance.
Stops triggered- holding just a small 50 share position @ 12:30 stop @ $8.10
Finally, TSLL moving out of this lower consolidation-
I've given it room with the stop on the position at $8.07- Now raised to $8.09 - still below the lows of the past 30 minutes prior to the breakout move ...
It would be very nice to see this rally into the close!
Stop is now raised to $8.11- nope- drop it to $8.10 as Price has made an initial thrust higher, pullback to $8.12- and a new attempt to move higher - that has not matched the prior upmove- This is a make it or break it at this moment for price to succeed on a higher move. Boring price action -range bound. The catalyst is the after hours vote on Musk's bonus. Likely will get it- deserves it - He met some rigorous performance hurdles.
2:35 pm
2:47 Price declining- stop will likely trigger @ $8.09 - dropped it $0.01
tHE PRIOR UP MOVE momentum has faded -Price dropped back into the prior range- testing the $8.10 level-
As it appeared, Price was weakening.
Stop was triggered- @ 3 pm . Done for the day- patience was not rewarded.
No longer a position- but a good sample of not trusting where price may go once the nominal 'support' and trend is broken-
Wider stops are just an act of desperation.... I could have made net small gains- but I was hoping instead for significantly larger gains with a larger position.
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Post by sd on Jun 14, 2024 7:35:38 GMT -5
Friday June 14-2024
Futures all in the RED- Premarket-
As Jason points out in his nightly report- The AD line is dropping- Fewer stocks are holding up-
Time to be cautious.
sqqq ENTRY- mkt BUY AS PRICE decline paused- made an initial up move
Stop triggers
Took a Re entry $8.505 fill 9I think ) SCH not showing me the fill price on this entry- oddly enough.
Viewing Price action- The $8.49 level seen on the 1M chart-
The following move after my entry printed a HH- and presently the pullback is seen here as a HL-
I was trying to get too frugal with too tight a stop raised as Price wnt higher.
Site is having upload issues
Breaking out higher
11:55 pulling back from $8.59-
What is key here is how far back will it go?
Copying some of the screenshots made earlier-
Price has made a pullback right to the $8.50 level- held for a few minutes- and a thrust lower
Fascinating to view the 1M chart
Likely I'll get my stops triggered-
Dbld up position size 12;24
@ 12:50- Price failed to put in a HH and came back again and again to $8.49- Too many times at that level-
1:10 Price drops in SQQQ as the TQQQ moves up to test the earlier high print. $8.48 is the pivot that this needs to turn up from, or my stops will get executed shortly...
![]() i.imgur.com/6dzx9qz.png![]()
Stops trigger- 1:46 pm re entry Tqqq potentially has topped
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Post by sd on Jun 15, 2024 8:53:58 GMT -5
Saturday musings-
Sometimes when I am in the midst of making a trade, a lot is going on- Lately, I've started using multiple time frames to view the price action, and try to get a viable entry that has a tight % Risk. At least when considering a leveraged ETF , I want to view it on the 1,2, and 3 Minute charts-for multiple perspectives- I also similarly want to view the Inverse on a fast time frame to get confirmation.
This should come easier for me- It seems that I used to be able to process new information much faster-in past years...The affects of Age showing I suspect-Don't know that I'll ever get to a level of performance that will compensate for my Risk Aversion-
In the past, I would go back and mark up my trades Eod onto the chart- That's a good process to still do to recap the trade and determine if it was a good decision where I took some profit, set my stop, rode the trend , or just managed the trade -win or lose-
properly.
I just started to include another aspect - live screen video recording- Using OBS screen capture - where I will also comment as the trade is underway, and try to note my thinking as I make a trade decision based on the price as it unfolds bar by bar-.
I don't keep the video recording running non-stop- I try to take Clips as price action changes are occurring- and then I can review at the EOD- or in this case- on the weekend- I think this video review will prove to be a useful tool- particularly when trying to manage a trade that can be executed both to the long and also to the Inverse-short. Which one do you choose initially, and do you stay with the initial trade- or should I adapt as price may swing into favoring the other direction.
Such was the case with my initial entry yesterday in SQQQ with TQQQ the inverse..
A lot of what I am trying now is taken from the traders at Leavitt brothers.
I'm gradually sizing up if the Risk is tight-
aMAZING -simply how Price can hold on the 1 Minute bars within a 1-2 cent range-for numerous bars.
The trades I entered in on Friday were at relatively good entry levels - I was trying to hold out for a larger upside move on these entries- and in hindsight- I w-c-s- have made scalp trades for $0.04- $0.09 gains and have tried to repeat that-
Note that Price ended up going higher after my entries versus going lower to the stop-
Because i was biased- I failed to take trades in the TQQQ- which eventually saw the higher upside momentum all the way into the Close- I was focused on seeking a bigger move- and didn't want to take small gains. In hindsight, perhaps i should have adopted the take-partial profits on each trade- Had i sized up earlier- 500 shares-1000 + instead of the initial 250 - however, taking this small steps at a time...
The charts are identical- except in chart 2, Price bars are invisible-
This is a good way to compare -based on the marked buy and sells -if a good entry or exit was made...
Kevin Stratvert link to tutorials-
www.youtube.com/results?search_query=kevin+stratvert+obs
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Post by sd on Jun 16, 2024 17:53:36 GMT -5
Good father's day with Family!
Doctor appt in the am-
Jason's index report this weekend sums up the market:
A rising tide is not raising all ships. This is the best way to describe the current market. We have to trade individual charts. The stocks listed above are not bottom-of-the-barrel names. SBUX, NKE, MCD, CRM, TGT - these are household names with long track records of success. There aren't many scenarios where I could tell you the S&P and Nasdaq have printed numerous all-time highs the last few months, but these stocks are well off their highs and in most cases, are trending lower. A rising tide is not raising all ships - with the overall market or within groups.
We must continue to be stock pickers. We can't assume a strong group will bring all or most holdings along for the ride. Even within the bitcoin space, IREN and WULF are doing great, but most of the stocks are just basing and are unchanged going back many months.
I can sum up the market with the following statement: On the surface, the market is doing well, but the internals are weak; participation is low. And within groups, there's a big performance difference between the best and the worst, even among household names.
Tom Bowley- normally bullish - is pointing out the extreme level that Tech has gone to while there is a increasing lack of market participation in other areas-
Somethings got to give- and he thinks it will be the Tech area in the very near term.
Worth listening to:
stockcharts.com/articles/tradingplaces/2024/06/prepare-now-for-a-potentially-435.html
Shadow trader-
www.youtube.com/results?search_query=shadow+trader+weekend
Note the use described of their use of the $tick and and $AD - some follow up videos liked in the above video comments section.
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Post by sd on Jun 17, 2024 9:18:34 GMT -5
TZA ENTRY -PARTIAL SELL
Small index continues under pressure.
My 2nd tight stop $20.15 is triggered $20.14 fill- Nets a +$0.21 gain-
Remaining position is split into 2 stops -bit wider- seeking a larger upmove if possible.
THE LOWEST STOP $20.05 IS NOW RAISED TO UNDER THE RECENT SWING LOW SINCE PRICE HAS MOVED HIGHER-
stop gets triggered -1 stop left.
Both astops triggered
Price still declining 11:30 -anticipating a move back higher
entry mkt buy + buy stop also fills -larger position size
vIEWING THE LONG AND THE iNVERSE SIDE BY SIDE GIVES A BETTER SENSE OF what is occurring -
Note the trend changes are telegraphed by price action - Failing to make a new high; Achieving a trend break to the upside, a 'test' and a higher reassert .
Just sharing what i find compelling- Notice that 50 ema
Comparing the tza/tna on the 1M time frame
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Post by sd on Jun 18, 2024 8:23:33 GMT -5
6.18.2024 Futures in the green
AM excitement- This Gal jumped the fence and ended up 'trapped' in the yard-
She was completely scared when Frisco started barking at her- I opened the gate so she could get back out to the woods, she ran right past it, and eventually jumped over a section of the fence that is slightly lower-
MKTS CHOPPY- Tech giving back today
tqqq BACK IN -SOLD 1/4 11:45 - $76.50 Entry cost $76.41
eNTERED ON THE BREAK OF THE DOWNTREND LINE ON THE 1m CHART and bullish Price action.
Stop is moved to $0.01 above my entry on the remainder- Essentially B.E. on that portion.
stops raised on the red bar pullback
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Post by sd on Jun 19, 2024 9:51:51 GMT -5
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Post by sd on Jun 19, 2024 20:13:59 GMT -5
Periodically, the markets go - All-in- on the latest growth and tech advancement-
Today we are at extremes- the Very Few megacaps are now the leadership - but the balance of the majority of stocks are not benefitting-
This ratio of outperformance by a relative minority of stocks within the Tech index- sees the majority struggling to make gains-
This is indeed a bearish divergence- that likely plays out - unless things change- With a disappointment by one of the major winners on earning's or guidance- and that rattles the markets to not be looking out with relish 2 years out.
This article- some 25 years ago - compared the prior big growth bubble in the 70's to where the markets were in late 1999-2000 with Tech being the big focus, High PE's;
Written by a participant that was reflecting on the past bubble in growth stocks in the decades earlier as he viewed the excess of the late 1990's- into 2,000.
Seems very appropriate to learn the message that this time likely is so out of whack- so extreme on the AD/Decline participation is telling a story of a relatively small % of stocks are seeing major gains.
www.walterdeemer.com/m3spcl.htm
Picking up 2 granddaughters tomorrow am for a sleep-over Thursday night- Camp out in the tents in the backyard-
Likely won't be trading- Living life takes priority.
Split and stacked some Firewood today from an Oak that fell this winter.
Could rent a splinter- but elected to try to hand split - will end up with a full cord when done.
This tree dropped in the spring , and I cut it into fireplace long segments-
Months later, the 'rounds' have done some drying and some initial splits forming-
Split the rounds with a hatchet , a 2# maul, and a wedge- surprising how much moisture is held inside....
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Post by sd on Jun 20, 2024 8:24:33 GMT -5
6-20-24 mIXED FUTURES- Were higher pre open, but fading after the Producer report this am.
Going to head out @ 10 am to pick up our granddaughters for a tent out sleep over/smores and a fire- and Hot today!
EOD- NVDA stops out-
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Post by sd on Jun 21, 2024 5:22:20 GMT -5
Yesterday's markets- The Nasdaq had the larger decline and Energy & Utilities gains on the day.
NVDA posted a new high initially, but gave it all back- I had raised my stops on all positions after the open, - and a number stopped out- Including NVDA - Still holding SCCO, NEE,URA,GDX, and DBBB- with stops @ B.E. +
Options expiration today for the Monthly- so that could add to the volatility and End of the quarter positioning for June is also a factor.
NVDA's Gap high open that faded resembled a similar large gap high Open in March that preceded a -20% pullback over the following weeks. Similarities were the warning divergence -MACD in a downtrend but the MACD at an extreme all time high.
The March pullback was followed by 2 weeks of Price action attempting to make a Higher High- which failed and led to a -20% pullback. That's relatively shallow considering the large% upside-
This pullback yesterday saw similar momentum gains in June, and price declined $10 from the Open high- Somebody was locking in gains by prompting the selling to drop price that much lower- Had to be some institutional selling to move price that much lower. It will be interesting to see how NVDA and other Tech stocks close today- I would think we have an opportunity to see a pullback starting. But that's what makes me a doubting Thomas and a lousy investor.
The low volatility- and low short interests-are potentially a precursor to a big unexpected down move-in markets-
Had a sleepout in the backyard last night- tent set up with a fan moving air as it initially was warm- but the evening cooled off-Couple of air mattresses made it comfortable. The girls stayed awake until 11 pm reading kindles- and of course- we had Smores with grilled marsh mellows. Hearing the birds meeting the new day was a nice way to be wakened.
@ 8 am Futures slightly Red with the Nas -36...
Frankly, relying on the futures is a crapshoot because institutions and programmed algorithms can make it appear that the market is heading in one direction to pull people in, and then swing it to the other direction. We'll see what happens today- but Tech got a warning shot with yesterday's action.
9 am - Nas trying to show some green. NVDA showing a bit of red premkt.
NVDA drops on today's Open to $127.00 open
NEE- Original entry yesterday- Price pulled back and hit my sell stop for a minor gain.
I also bought another 50 shares with a limit off the higher open- that filled $72.75 didn't like the pullback-set a stop $72.35- Price based at the $72.40 level- I bought another 50 shares inside that base $72.485 for an average cost of 100 @ $72.60- a few minutes later, got the green bar upmove, a 2nd green bar- and then a pullback. I set a stop-loss just below that blue bar , tightened it to $72.58- Risking $0.02- want to see if this Utility can work today as the tech sector is getting sold...
Stop raised to just a few cents above B.E.
Took the granddaughters home, got backjust prior to the market CLOSE-
The NEE trade turned out to trigger my stop shortly after we left-
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Post by sd on Jun 22, 2024 8:56:12 GMT -5
Market breadth graphed- Julius D- He has developed the Relative Rotation graph- another way to view market rotations, compare stocks against one another and against the indexes, The graph sets up 4 quadrants and tracks performance over a period of time.
While the charts are showing weakening in almost all segments, the S&P making new highs is a "Divergence' that says that underlying support for the market moving higher is on fewer stocks outperforming, - that often precedes or warns of a potential correction.
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