Day 1 recap.
INO opened up above 10% but faded through the end of the day into the negatives. Luckily I sold around 8.75(10:50 est) when it broke a previous support and was running on low volume to secure 7 percent gains for myself.
On the market analysis front I was wrong, I predicted a 3-5 percent drop, we got the opposite. One thing I'll say is that my individual ticker callouts should be better because I can chose the set up.
Day 2
charts of the day
Long:
STML
Downward trend break, candle study breakout, nice surge in volume, demand and moneyflow spikes.
Set your stop on the upward trend or around 4.3. Hopefully some of you guys can nab this premarket at a good price.
I got in on this one averaged at 4.9 today.
(Would you guys like me to update this page realtime on a trading day with potential trades then do the chart that night? It could give you all better entries. For example you could have nabbed ino at 8.3 premarket but I bet many of you would rather buy it the previous day then at 6 am.)
Short:
TWST
Shorted at 33.5 when it entered my resistance zone.
Although volume flow and money flow looked positive. I'm seeing evidence of exhaustion in the demand index as well as a downtrend in the decycler. Volume oscillator readings are unlikely to go higher. This will most likely be a multi day trade.
Wtachlist for tmr
CCOI
volume oscillators show high chance of a big upswing, price was stopped at a major resistance but demand index and oscillators show that unlike previous times at this resistance point it still has room to run. Therefore I'm predicting a massive breakout if markets are up tomorrow. If markets are down this play will most likely be squashed because it trace the general market slightly more therefore I will just not enter the trade.
There are a bunch of other tickers I'm watching but I don't have time to give analysis of them all,
here is the scan I use. It catches pretty much all of the next day runners but you just have to sort through the gunk.
As for market analysis I'm maintaining my bearishness unless we see SPY break through its downtrend and the 262 resistance level.
Here is the chart I'm using.
I'm going to try to give long and short postions to eliminate any market bias. and focus on small cap stocks that don't mirror the market so you don't have to worry about it as much in volatile times.