Overall Market Analysis
- Markets generally printed inside days, except the Dow, which found support at the 8DEMA
- Volume still appears to be bearishly diverging from price.
- MACD could create a bearish divergence.
- Price continues to hold the 8DEMA
- Small caps have a more defined MACD divergence and volume divergence.
- The SPX is still finding resistance right at the close level (3381). Cautiously bullish that we will break out of this range to the upside.
Open Positions
- BYND (2/3rds)
- Strong close Friday. Reclaimed upper wave, and 8DEMA. Signs of MACD starting to reverse (potential higher low) Stop: $108
- LK
- This is an @AOTtrades position.
- Continues to coil and print inside days. Very quiet volume.
- MACD cross imminent.
- Holding 8/21DEMA.
- SPXU & VXX
- Holding this hedge. The SPY could drop 2% to the upper wave range and still be very strong.
- TSLA
- This
iswas an @AOTtrades position. He stopped out around $800. - Still digesting $800. Released some positive news over the weekend (longer ranges already installed on newer cars)
- volume pause/refresh
- Stop: $730 (Target $910)
- INMD
- Looks like I tried to front run @AOTtrades on this one, but he didn't take it. It's a problem below 42.60.
- Bullish: printing inside days and quiet volume. Hasn't broken down yet. Could create a higher-high on MACD.
- Bearish: $42.50 would probably be the end for a while.
- Meh. Holding. (Is there weekend news? Showing it bid up to $45 on Saturday?
- CVX
- Short via one call option. Caught it failing at the 21DEMA.
- MACD starting to roll over.
- Selling associated with getting the dividend and then getting out?
- SHOP Short Vert. Spread
- This is a nonsensical lost trade. Try to recoup anything if possible. It expires 20 MAR (470/480 spread)
- The only hope is the earnings gap closed low (not a PEG) and Thursdays action failed to meet the thrust of Wednesday. Maybe a quick gap fill to 500 would get me out respectably. would have to close there on the round number.
- TLRY Call
- More options nonsense. Expires next week. 21 Feb 21.5 Call. A miracle reversal off 16 here would be welcome, but not likely to save this one.
- TRIL
- $370 worth of stock. Assuming it's pausing here and will bounce off the 50DEMA. If not, may just hold and let it ride for fun.
New On Deck
- SO
- Good return to 21DEMA for a swing trade.
- Inside day.
- Good volume.
- Need to snipe entry on lower timeframe
- EFX
- Strong inside day Friday. Could look to snipe an entry on lower timeframes.
- CC
- PEG, look for good entries or return to 21DEMA
- DLTR
- Look for breakout above $89.60 for new phase.
- GDDY
- PEG, look for good entries or return to 21DEMA
- NVTA
- Watch for swing opportunity
- OXY
- Look for breakout above $42.50 to start new phase
- WORK
- Look for swing opportunity
- CAG
- Trying to hold above $32 and could breakout above $32.75 ish. Probably needs a few more days.
- Ideally the 50DEMA would catch up to $32
- MACD cross would be ideal
- Bought @ 32.66
- CTXS
- Watching for behavior at 121-124. Would like to see the MACD turn and volume pick up.
- Waiting....macd and volume concerns.
- Volume might be just pausing, but MACD can't catch a break.
- CVX
- A tempting short. Below 112 and breaking down around 111.
- March ATM puts are ~2.37
- Volume pattern is good (divergance)
- Would like to see MACD start to turn.
- Bought 1 20 Mar 20 @2.15
Execution
Got in a hurry and didn't try to snipe best prices from intraday charts
Also, hurrying because of meetings, traded within first 30-minutes of the day.
