Trade plan going forward

With the market volatility and lack of strength. I have downsized and completely exited certain positions to keep the market more in focus.

Exited postions

DIS- small gain (8%). Great jump at beginning of day and eod. Exited this morning. Looked over charts this weekend. Has a little more room to go down and with…

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Trade plan for tomorrow.

1. Indexes

Short and sweet..I have qqq tapping the bottom a second time. QQQ at 311. From what i see the chart is telling me we are tapping it again one more time. From there should be the bottom. I will go long on qqq and spy calls.

Apple

1. Believe apple will follow the indexes lower and i believe we hit 353-354…

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Wednesday trading plan.

1. indexes

after the close today and the immediate bounce back i have a slight inclination that we will see a strong rally tomorrow. The market is primed to get back some of its losses as the DXY is overstretched and should pull back. It was in the process of that late last night until the dropped headline of nuclear…

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Tuesday trading plan
1. COST
a. Entered two otm calls for next month at strike of 635. Expiration 5/20. I forgot the actual earnings wasn’t until a week later but im happy with these calls none the less. I believe that COST found a bottom today and will begin moving back to 600 very soon. The market showed some strength today all things… Read more