$HOG last highlighted in the watchlist on the 22 Nov is gapping up today on strong relative volume through its 200 day MA on news. So be watching to see how the gap bar develops.
$F Pullback to the top of the range on intraday 2 hour timeframe chart. So watching to see if it's a Backup (BU) which should hold the range highs or if it starts pulling back into the range, as then the Sign of Strength (SOS) could turn into an UTAD and become a failed breakout.
$ORCL holding up well so far against the market weakness around the high volume close level
Heavy day for the major indexes. But defensive sectors ending strongly green. So a rotational day.
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.
Stopped on $OKTA at 217.03 at slightly better than cost. It couldn't hold the previous liquidity levels on the pullback. Will set an alert incase it re-sets up again.
Energy and Financials leading the sectors, and Value and Small Caps are the only areas positive in the major indexes.
$MT with a spring and test and moving back through the 200 Day MA.
Following on from $MT, the steel group as a whole is getting a bid today i.e. $AA, $NUE, $CLF, $X
Took off $QCOM as well for a minor loss -1.53% (-0.10% account) as is giving up the high volume close level after the failed continuation breakout attempt. So will put back on watch incase it sets up again, but I'd rather avoid the volatility right now so exited manually early.
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.
A fairly small watchlist tonight with the continuing weakness from the range bound trading (Phase B potentially now) & poor relative strength in the small caps & growth stocks.
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.
$RBLX testing the bottom of the Significant Bar range and the 50 day MA today, with the fed meeting in a few hours. So trying a small 6% starter position in the swing account. Still in cash otherwise as the market continues to be on difficult environment status.
Added via buy stop to take it up to 12% size. Filled at 97.25 which take the average cost up to 96.18
I did a few more trades to end the day. Added $NVDA back to my pension and $QCOM back to the position account
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.
Large cap indexes put in higher lows with Day 8 Follow Through Day characteristics (CAN SLIM term), while the Small Caps & IBD 50 had spring type action rebounding at the lows following the Fed today.
S&P 500 sitting at the top of the range, so potential for a breakout attempt.
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.
