Wednesday, July 3, 2019

Friday Trading Map

HOW I DAY TRADE - MARKET NEWSLETTER

Daily Watch List

Long
  • Daily Chart Setup Break & Go: HSY SNAP
  • Daily Chart Setup Red to Green: GNTX ARNC
  • Daily Chart Setup Continuation: See Buy Zone Watch List
Short
  • None
Buy Zone Setup Watch List:
  • AYX 113.10 - 112.35
  • JEF 20.14 - 19.98
  • MCK 139.52 - 138.46
Sell Zone Setup Watch List:
  • None
SPY & QQQ DAILY REVIEW:
The market rallied on the shorten trading day. Slow day for the watch list but AYX took off and AMRN offered a pullback opportunity off the previous day high. Short term trend is up. Sectors of note IWM small cap still lagging in this broad Big Cap Rally.

SPY & QQQ Buy and Sell Zones:
  • QQQ Buy Zone 190.90 - 190.79 (must open above the top of this zone)
  • QQQ Buy Zone 190.41 - 190.29 (must open above the top of this zone)
  • SPY Buy Zone 297.77 - 297.60 (must open above the top of this zone)
  • SPY Buy Zone 297.18 - 297.01 (must open above the top of this zone)

CHARTS: Trade reviews and Charts of Interest

ARMN: Daily Setup: Continuation Intraday Setup: Pullback  Type: Candle entry - red to green
Took off at the open and pulled back to the previous day high and 60ema to setup a nice setup.

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) -120 (red)(ema's)
  • Intraday Charts 15 minute: 20 (red), 40(purple), 80 (orange) - 200(red) (ema's)
  • Intraday Pivots: Green R1, Red S1 - White S2 and R2

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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