Wednesday, January 22, 2020

Info!! Thinking Most Morn Marketplace Action: Framing Trading Ideas

Let's cause got a await at Twitter comments thence far this AM. Note how observation of a wing inward the bull ointment began amongst an observation of NQ weakness earlier the open; opened upwardly minded watching of how nosotros traded some the opened upwardly cost (and 7/30 high price); in addition to and so observation of weakness inside 10 minutes of the open.

8:17 AM CT - I'll endure watching NQ this AM; it's off its overnite in addition to 7/30 highs. Financial stks laid upwardly to opened upwardly abt 2% up. Watching those too

8:37 AM CT - Watching how nosotros merchandise rel to 994.25 ES opened upwardly price; USD weak; TICK strong; 1793 to a greater extent than advancers than declines.

8:39 AM CT - 17 stks upwardly from open, 23 dn; mixed opened upwardly so far despite pos opening gap. XLP, XLV weak; XLB, XLE rel strong.

8:41 AM CT - Note that mkt opened upwardly is also nigh that 7/30 high; if nosotros can't remain higher upwardly open, that also way we're bk into ii twenty-four hours range. ;-)

8:49 AM CT - Seeing some unwinding of intermarket themes: USD strengthening, gold, fossil oil seeing some selling; most sectors dn fm open

8:51 AM CT - Note that inability to remain higher upwardly ii twenty-four hours trading hit targets pin degree every bit cost target.

8:55 AM CT - IWM showing rel weakness from open; 12 stks upwardly from open, 28 dn; mixed TICK distribution


9 AM CT - Significant buying outburst on ix AM CT news; watching to encounter if nosotros tin dismiss larn in addition to remain higher upwardly the early on AM highs.

9:02 AM CT - Once in ane lawsuit to a greater extent than that 994 degree proving crucial; Russell, NQ off highs; mkt having difficulty sustaining rally.

9:05 AM CT - Note renewed dollar weakness providing bid to stocks, gold, in addition to oil; nosotros look to endure trading off USD; moving to novel highs

9:07 AM CT - Marginal novel high inward ES non confirmed yesteryear other indexes; eighteen stks upwardly from open, 22 dn.

Given all the above, how would y'all endure trading now? What would y'all endure thinking well-nigh to frame a merchandise idea?

What I'm trying to illustrate is both a way of thinking well-nigh cost activity in addition to a way to supply an extra laid upwardly of eyes for traders every bit they're trading.
.

No comments:

Post a Comment