Friday, Feb 14, 2020

Game plan

I'll be traveling and working away from home all day.  Unlikely that I'll get any 'personal' trades in.  Using this as a test template for what I might plan, post and record in the future.

Overall Market Analysis

• Market keeps shaking off any bad news. 
• Volume appears to be bearishly diverging from price.
• MACD could create a bearish divergance.
• Price continues to hold the 8DEMA
• Small caps did not make new highs while the SPY, DJI did. 
• Small caps have a more defined MACD divergence and volume divergence.
• The indices closed flat, printing an inside day with resistance right at the close level (3381).  Continues to process had headlines. Bearish inclination remains due to volumes and the distance down to the 8DEMA. 

Open Positions

• BYND (2/3rds)
• Stopped on the 21DEMA yesterday. Close below 108 violates wave.  Maybe making a small bull flag?  Positive action, hold through weekend. 
• LK
• This is an @AOTtrades position. Inside day on Thursday. Potential MACD cross, and quiet volume for 6 days. Concern below $36.  (AOT Stop at $37, Thurs. lows)
• another inside day, holding. 
• SPXU
• Trading off the SPY chart. Choppiness put me in and out of this one. Holding a full share down a bit recently. This is just a hedge at this point. 
•  holding as a hedge 
• TSLA
• This is was an @AOTtrades position. He stopped out around $800. However, I like the big volume today, the big R2G candle. 
• Inside day.  Digesting 800. Sitting on rising 8DEMA. holding. 
• 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.
• Meh.  Holding. 
• 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

• 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
• 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.