Notes: Not a ton of action on the screener today as most stocks moved up 1-2% with SPY. SPY weekly breakout seems to be playing out really well with FOMC leaving a bullish feeling in the air. I still don't fully trust the bullish movement, but once again, we have to play what's in front of us and remove all personal bias from trading. Going into tomorrow I am expecting either a similar 1-2% green day, or a flat inside day to set us up for next week. It makes sense that we would see some pullback soon, but we have no reason to believe that has to happen tomorrow. Gonna be trading light. Going on 9 straight green trading days with 0 losing trades, and looking to make this 10 days with 0 losses. If you have been following my watchlist, you should notice by now that there is usually at least 1 solid play from the list per day. Find that play and take advantage of it
Watchlist
UPS - Gorgeous daily and weekly chart. Looking to swing calls tomorrow over the weekend if it can hold the trendline it broke out of on the daily.
VZ - failed 2U-1 on the daily. Looking for downside tomorrow. puts under 41.20
EMR - 2-1 daily, and 2d-1-2u active on the weekly. Looking for upside to continue this reversal movement. Calls above 91.67
AA - 2-1 daily. Setup is ok, not great, but the weekly is forming a 1-3, and we have a FVG to the upside. Just looking for a push higher tomorrow. Calls above 54.48
ET - 3-1 daily. This one doesn't get much volume on average, but has a nice daily setup, which can't be ignored. In an uptrend so looking for upside tomorrow. Calls above 13.33
Mainly watching EMR and VZ tomorrow alongside SPY. I will be making a new weekly watchlist over the weekend so be on look out for that. Also keep up with the monthly watchlist I posted as some of those setups are beginning to play out. I will be including those plays on next weeks daily list.
Happy Trading!
Watchlist
UPS - Gorgeous daily and weekly chart. Looking to swing calls tomorrow over the weekend if it can hold the trendline it broke out of on the daily.
VZ - failed 2U-1 on the daily. Looking for downside tomorrow. puts under 41.20
EMR - 2-1 daily, and 2d-1-2u active on the weekly. Looking for upside to continue this reversal movement. Calls above 91.67
AA - 2-1 daily. Setup is ok, not great, but the weekly is forming a 1-3, and we have a FVG to the upside. Just looking for a push higher tomorrow. Calls above 54.48
ET - 3-1 daily. This one doesn't get much volume on average, but has a nice daily setup, which can't be ignored. In an uptrend so looking for upside tomorrow. Calls above 13.33
Mainly watching EMR and VZ tomorrow alongside SPY. I will be making a new weekly watchlist over the weekend so be on look out for that. Also keep up with the monthly watchlist I posted as some of those setups are beginning to play out. I will be including those plays on next weeks daily list.
Happy Trading!