I closed WDAY at 241.91 for -1.31% I closed NVDA at 137.87 for +4.1% on overall trade. Market is showing no willingness to bounce, and volume is steadily picking up here.
Trading notes:Â Four of the last five trading sessions has seen the dip buyers step in and pull the market off its lows by the close. Breadth continues to deteriorate, and the T2108 (% of stocks trading above their 40-day moving average) has dropped to 49% of stocks that are managing to trade above their 40-day
Trading notes: Futures are struggling for a second straight day ahead of the open. The 10 year yield is almost back up to 4.2%. There's a lot of pressure on equities here, and the overall market yesterday would have fared far worse had NVDA and AAPL not had such strong counter rallies higher. Also worth
I closed the rest of IWM at 222.59 for +0.5%. Too much weakness and too much of a hard reversal at that resistance from July highs.
I closed GE at 193.50 for +2.7% profit Earnings tomorrow - too much risk there, and would break my trading rule. @Members
I closed 1/2 of NVDA (1/3 of original) at 141.30 for +5.4% profit.
Trading notes:Â Overnight futures have dripped steadily lower, and setting up for a small gap lower at the open. precious metals continue to rise, the dollar continues to rise, rates are still ramping higher, and volatility may take another stab at getting back above 20 today on the VIX. All that being said, you could be
I closed MSFT at 417.54 for -0.3%. Lacking any real signs of momentum here after more than a week in the trade.
New Long Setup: WDAY I bought WDAY at 245.11 My stop-loss: 233.31. My target Price: 266.00 Risk Rating: 3.8
I closed 1/3 of GLD at 250.71 for a +2.2% profit.