strongish premarket:
/tf 824
/cl touched 86.70 -- touched TL on 5 min chart and retraced -- perfect technicals.
euro bounced
/tf +.24 /es red -- so RISK ON.
AAPL -1.2%
FCX, oil , gold strong.
advn-decn flat.... grind in the range. rangebound
be patient....
825 -- got in some TZA for a fast $110 move -- shorted into resistance 1.
/tf -- bounce to new highs -- stophunt
advn-decn +500 /tf 826.2 -- 827 is the stophunt area -- so really can't get short yet....
INVN -- working -- high vol. options buying.... on screen.... breakout on daily -- correct move is... to hold.
in tza 14.90. /tf topped out near previious resist. The trick here is really - to be a Low Frequency Trader and get out at the BOTTOM of the rangetest. Or just lose $50 on the stop out. But to take a partial is the old way of thinking.
/cl 85.33 -- massive puke near pit close -- should be bottom. took out stops on low side.
advn-decn +90 not much uummph. pcln, amzn, aapl, ebay resting hard.
expecting a close near VPOC /822 /tf?
why did I get it right today:
1) INVN -- focused on a strong name / strong chart --- did that well. Used my screen.
2) TZA -- hit and miss but ultimately got some... focused on good chart reading -- support/resistance. I was patient. (But not enough.) I correctly saw that we would probably stay in a range.
3) MDLZ: bought another strong name, on a nice daily chart.
= It's easy to know what you did wrong, but every day -- if things go okay -- make sure to spend a moment go over what you did right. And maybe tomorrow -- you'll do it again.
/tf --- pushes to 826 strong close.... can't fight low vol. Was no easy day.
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