Sunday, June 30, 2019

Monday Trading Map

HOW I DAY TRADE -  MARKET NEWSLETTER

Daily Watch List

Long
  • Daily Chart Setup Continuation: see sell zone below
  • Daily Chart Setup Break & Go:TEL ADI SNAP
Short
  • Daily Chart Setup Continuation: See sell zone below
Buy Zone Setup Watch List:
  • SRPT 135.62 -132.72
  • NVTA 22.06-22.48
  • TGTX 8.00-8.20
  • WDC 46.73-46.23
Sell Zone Setup Watch List:
  • HCM  22.91 - 23.28
  • DOW 50.60-50.10
  • CREE 57.70-58.26
SPY & QQQ DAILY REVIEW: The market had an ok rally while the watch list offered a few opportunities. Short term could get a sell off below the red trend line and break of Wednesdays low. Sectors of note,  IWM small cap 2nd strong day along with the XLF financial sector. These could be good indicators for the market short term.

SPY Trade Ideas: Buy and Sell Zones:

  • Buy Zone 292.36 to 292.59 (must open above the top of this zone)
  • Gap above 293.81 enter in 293.42 - 293.81 buy zone -
  • Gap below 291.99 enter in 291.99-292.22 sell zone - 
CHARTS: Watch list stocks of interest and trade reviews

CAG: Daily Setup: C Intraday Setup: Sell Zone Entry Type: Zone entry
Pulled back into the sell zone. Was a larger zone, had entry midway. Filled with stop above and sold at end of day at break even.

ACGL: Daily Setup: PB Intraday Setup: Pullback  Entry Type: BO
Gapped up and hung around the R1 pivot and setup a nice base with 9ema support.  Sell half at R2 pivot (white line)


Newsletter is provided for educational purposes. The purpose is to educate traders on short term trading setups through a two-step process of selecting Daily Charts and applying intraday trading setups. 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 9 (blue dotted) , 20 (red), 50 (orange), 200 (dark red) - (ema's)
  • Intraday Charts 5 minute: 9 (blue dotted) , 20 (red), 60 (orange) -  240 (red)(ema's) 
  • Intraday Charts 15 minute: 20 (red), 80 (orange) - 200(purple) and 800 (red) (ema's)
  • Intraday Pivots: Green R1, Red S1 - White S2 and R2
  • Yellow Lines & Grey Boxes: entry areas to target - Red Lines unfilled gaps
  • Daily Charts: C: Continuation   R/G: red to green    PB pullback   BO: breakout
  • Intraday Setup: 1. Break & Go   2. Pullback to trigger    3. Buy/Sell Zone
  • Entry Type: 1. BO breakout    2.PB Pullback    3. Zone entry


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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