Monday 20 September 2021
Posts from the private twitter feed:
S&P 500 Futures looking like it will have a strong open to the downside. So as per last week and the weekend video in the market breadth update. The market has the ball, so suggests playing defense currently.
I will be watching for areas of relative strength.
61 results on the Undercut & rally / spring type action scan so far today. This can be a useful guide when the market is at a near term low in a base. So will be watching to see if this strengthens or weakens throughout the day. Average day is around 30 results. +100 is rarer.
I took a smaller 1/3 position in $FORG at 42.14 from the watchlist using a limit order in the opening 5 mins. So if it holds up today and the market strengthens then I'll look to take it up by another 1/3 position.
$AFRM from the watchlist holding at the +1x ATR level and within the most recent significant bar range still
A few watchlist stocks red to green - $DASH $LCID
Will be watching to see if they can hold positive into the close
$ASAN holding support from the last significant volume bar (16th Sept) so far
$OPEN still working on its primary Stage 1 base since the IPO in the Institutional Due Diligence Phase (I-DDP) and approaching the +1x ATR level in potential Phase D of the base.
Watching for a Stage 2A breakout attempt on strong relative volume
$ZIP showing some strong RS today rebounding at the 50 day MA and attempting to regain the +1x ATR level
End of day rally attempt. Let's see if it sticks.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.