Wednesday, June 26, 2019

Thursday Trading Map

HOW I DAY TRADE -  MARKET NEWSLETTER


Daily Watch List

Long
  • Daily Chart Setup Continuation: See buy zone
  • Daily Chart Setup Break & Go: HSY TEL ADI
Short
  • Daily Chart Setup Continuation:  W, NRG
Buy Zone Setup Watch List:
  • MOMO:  34.76 -34.54
    INFO: 61.32-60.90
  • OSTK: 12.31-11.88
    GBTC: 16.46 -16.20
Sell Zone Setup Watch List:
  • NRG: 34.65-34.42


SPY & QQQ DAILY REVIEW:
The market rallied had a small sell off and the The watch list had a few opportunities. Short term trend is bearish until we get over yesterdays previous WRB. Sectors of note, XLP consumer staples very weak today along with a sell off on the utilities.

SPY & QQQ short term trade considerations: yellow line/grey box shows short term resistance/support areas and gap over/under and go trade consideration's.
  • Today: Sell zone spots for the SPY and QQQ with a minor gap up are setups to look at tomorrow.


CHARTS: Watch list stocks of interest and trade reviews

W: Daily Setup: C Intraday Setup: Sell Zone Entry Type: Zone
A solid move, yesterday, gapped up into the sell zone and just got filled. Stop placed above the zone and ema. Exit at 1.5R or end of day.

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