Reviewing My 3.5% HVC Trade From Today
and my focus list for tomorrow...
Today at a glance:
HVC Trade Walkthrough in GPS
Setting Stops on HVC Trades
Focus List For Tomorrow
Let’s dive in:
Today’s HVC Trade | GPS
In the video above, I cover:
My trade plan on GPS (which I sent out to my Paid Upside Unlimited Subs last night)
How to set stops trading the HVC using intraday volume (to make sure your risk is always covered)
My main two trading names for tomorrow (using the exact same setup!)
I hope you enjoy.
The Chart | GPS
Key Characteristics:
HV1
30% Price Change
86% Daily Closing Range
Monster accumulation which showed up again today.
The Focus For Tomorrow
YPF
Key Characteristics:
HV1
39% Price Change
81% Daily Closing Range
Outlined key levels I’m watching in the video walkthrough above!
TGT
Key Characteristics:
HV1
39% Price Change
83% Daily Closing Range
Outlined key levels I’m watching in the video walkthrough above!
ICYMI: I’ve created a free, 5-day educational email course that helps you learn how to spot and trade Earnings Gap Ups using the High Volume Close entry tactic. Ton of real world examples and extra free resources throughout. Check it here:
The Market Action
SPY closes above September highs. Impressive run up the 4EMA.
QQQ closes above July highs. Hard to be super bearish here but also know that V-shaped rallies at some point consolidate/pull back BELOW the 4EMA. Don’t want to get too heavy at this stage of the game, so my time horizons are a little shorter on new entries.
IWM holds the 4EMA pullback after the strong gap day. Now looking to run up into the 200SMA, which would make sense for multiple days of consolidation in this area before moving higher.
Situational Awareness
It’s Thanksgiving week! Market closed Thursday, half day Friday, so again not trying to be super aggressive here.
Additionally, we have NVDA after tomorrow’s close, which could be a market mover. We’ll see.
Either way, hope everything above has helped you prep for tomorrow.
Greg
Other resources to study:
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
Earnings Gap Up Mastery Free Email Course: https://upsideunlimited.com/earnings-gap-course
Consider Becoming A Paid Upside Unlimited Subscriber: https://upsideunlimited.com/sub