Wednesday, June 12, 2019

Trading Map Thursday

Long Watch List: Day/Swing Trading Ideas
  • SPY/QQQ - pullbacks to support
  • SNAP STAR SRC GNTX
Short Watch List: Day/Swing Trading Ideas
  • BOX FL
SPY & QQQ Daily Review:
Daily Chart: Short term trend is still up with this consolidation. There were some short break down today on stocks Economic calendar for next day is UE claims at 8:30.
SPY & QQQ 15 minute chart: yellow line shows short term resistance for day traders - grey area possible short term swing entry. .75-1.00 stop - a break below have room to fall - trade above the minor resistance and could run back to short term highs.

Watch List Charts:

SNAP and STAR


GNTX and SRC

Charts of Interest and Trades:
PVH: Intraday setup was a pullback to break area and 20ema. Deeper stop with the consolidation above the the 20ema.Gainer of 1.5R sell end of day

TRV: Intraday setup was a right break with 20ema support, ran a little and died for a stop out

SBS: Intraday setup was a pullback to 20ema after hitting the break area - .15 stop placed below the 20ema.Broke through and traild up with the 60ema for a minor loss -.2R


XLF:Strongest sector in the SPY-- support at  - setting up for trade

Newsletter is provided for educational purposes. The purpose is 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) 
    Intraday Pivots: Green R1, Red S1 - White S2 and R2
  • Yellow Lines and Grey Boxes: entry areas to target - Red Lines unfilled gaps

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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