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Today at a glance:
Today’s trade recap
Action under the hood
Views for tomorrow + EOW
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Let’s dive in!
Video review of recent gappers:
Also went over my losses today in DDOG + LMND, as well as gains in SHOP + DKNG.
Action Under The Hood
SPY + QQQ both feel short term exhausted, and when I couple this with the action in DDOG + RBLX + LMND (pictured below), I don’t want to be aggressive and take on a bunch of new risk.
Focus For Tomorrow
While I’m not planning on being aggressive, I will look to enter the following names if they can respond well to the HVC:
Watching the $100 level, yesterday’s ORB of $99.20, and of course the HVC of $102.20.
Looking for one more chance down to the $17.99 HVC with my stops around $17.4 (under Friday’s low).
Love this multi-day hold above $80, will be watching this area on weakness tomorrow. If 80 breaks will be expecting a $78.05 HVC test in the coming sessions.
Overall my account is up from the lows, but today I gave back more than I wanted to with a dumb loss in LMND and no traction gained in DDOG/RBLX. Sold 1/2 at +5% of my positions in both DKNG + SHOP to ensure a higher low on the account, as well as my position in PSN for about 0.5%. Not looking to be aggressive by any means tomorrow or Friday.
2020 Best Charts: https://gregduncan.gumroad.com/l/wmfsd
2021 Best Charts: https://gregduncan.gumroad.com/l/2021
2022 Best Charts: https://gregduncan.gumroad.com/l/2022
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