Sunday, June 9, 2019

Monday Trading Map

Long Watch List: Day/Swing Trading Ideas
  •  SPY/QQQ - pullbacks
  •  WRC,  SRC, Soly, RDN
    Short Watch List: Day/Swing Trading Ideas
    • Stay long with trend
    •  
    SPY & QQQ Daily Review:  Short term trend up. Intraday pullback/swing opportunities on the 15 minute chart below using a .75 to 1.25 with a goal times the reward. Weekly  chart shows a hard bottom at the weekly low.  Nothing on the economic calendar for Monday - outside of any suprise weekend headlines Monday should be mellow and settled after the recent headlines of trade deals and interest rate cuts. 

    Weekly Spy and QQQ

    DAILY CHARTS ON THE RADAR: SRC and WCG strong stock near triple top. Entry is 44.76 on SRC and 289.51 on WCG.



    Charts of Interest and Watch List Trades:

    MNST: Nice trade from yesterdays watch list. A Break and GO triple top on the daily- .50 stop placed below the 20ema. If holding for a short term swing trade stop moved up to 65.  

    EXAS trade from yesterdays watch list: Inside bar break at triple top. On the intraday chart broke above entry line with rising 9/20ema with a .75 stop placed below the 20ema. If holding for a short term swing trade stop moved up to106.


    ELTK: swing idea - stop under 5 for a 3-1 risk reward opportunity.


    Newsletter is provided for educational purposes with an aim to educate traders on short term trading setups through selecting Daily Charts and applying intraday trading setups to help enhance the odds for solid risk/reward trades. Always use a Stock trading simulator to test, master strategies and become more educated in the markets before risking real money. Become successful on a simulator for a minimum 6 months before risking your money and always use a stop.  If the markets conditions don't feel right or if you're unsure of the current days trading environment then PASS on the trade. A missed trade is better than a losing trade.

    Charts Key:
    • Daily Charts: Daily 8 (blue dotted) , 20 (red), 50 (orange), 200 (dark red) - (ema's)
    • Intraday Charts: 8 (blue dotted) , 20 (red), 60 (orange) - (ema's)
    • Yellow Lines and Grey Boxes: entry areas to target - Red Lines unfilled gaps





    No comments:

    Disclaimer

    I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE