9:19 AM CT - We've already hitting R3; bring to watch uptrend 24-hour interval when u cash inwards one's chips such pos TICK & hitting targets early.
As it turned out, nosotros did indeed register an uptrend day, every bit nosotros unopen nigh the day's high, upwards strongly on the day.
These rigid tendency days offering splendid trading opportunities, every bit pullbacks to a greater extent than ofttimes than non tumble out at higher lows, offering entry points for short-term trades through the 24-hour interval (as good every bit opportunities to agree positions through the day).
Here is a quick checklist of what I await for inwards a rigid tendency day:
1) NYSE TICK as well as Cumulative Market Delta both rigid as well as upward sloping through the day, alongside a relative absence of pregnant selling;
2) Lopsided ratio of advancing to declining stocks, suggesting wide marketplace strength;
3) Average or higher upwards average trading volume, alongside book expanding on moves higher;
4) An early on thrust higher upwards upside cost targets: previous day's high, R1/R2/R3, as well as then that these targets are hitting early on inwards the trading session;
5) Dominance of bullish trading themes, such every bit sector forcefulness amidst banks/financials as well as growth-oriented stocks.
As nosotros run into attain days as well as downtrend days, I'll postal service checklists for those. I'll too endure posting checklist items via Twitter (sign upwards hither for tweets), every bit real-time alerts for traders.
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