Monday 6 December 2021
$CPRI from the watchlist with some good RS today
$SBLK from the watchlist with a near term pivot high high and rebound off of the 50 day MA above the +1x ATR level
$SPY S&P 500 with the first signs of early Stage 1 on the intraday 2 hour timeframe. So potential start of the basing phase. But a lot of work to do yet, if it is.
$CARS from the watchlist continuing to consolidate in the backup range on diminishing volume above the Significant Bar close and prior range.
$ABNB with a potential reversal Significant Bar today, returning back above the 50 day MA after holding the 200 day MA test. But a lot of technical damage has been done, so needs to hold the 50 day MA at least to begin with.
$VIX still 40% above the 200 day MA & so volatility is still extremely elevated. Hence increases odds that the move so far is only a counter trend rally until that settles back below the 200 day MA again. Still suggests a defensive strategy i.e progressive exposure, smaller size.
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.