Trading the Charts for Wednesday, December 6th
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Commentary…
We’ve seen alot of reversals and choppiness the past couple days, most of which has been healthy, just stocks pulling back to their short term moving averages while the markets digest the recent gains and investors try to figure out if there’s more to this year end rally.
Futures are still in the green this morning with the 10Y yield under 4.19%, we get ADP payrolls today with the BLS payrolls on Friday. If these numbers come in light then we probably see yields take another leg lower, if we don’t hold the 4.1-4.20 support then 4.06-4.09 is the next level to watch.
The past couple days have been very frustrating because the setups are there to take but then we get reversals which just chews up my stop losses and drives me crazy but sometimes it’s just hard to predict those things. As a trader you have to be willing to take risks as long as they are calculated meaning you have a plan on where to get in and where to cut your losses if the trade isn’t working. I trust my strategy and my prep work so I never mind taking losses, it’s just part of the game.
Yesterday my new PC/CPU finally arrived, got it setup and downloaded Zoom so I’m ready to get back to my daily webcasts starting today :)
Earnings this week…
Equity futures…
Indexes from yesterday…
Sectors from yesterday…
Rates…
New highs vs new lows…
Market performance…
$TNX (10Y Treasury)
$VIX
$CL1! (Oil)
$SPX (S&P 500)
SPY (S&P 500, market cap weighted)
RSP (S&P 500, equal cap weighted)
QQQ (Nasdaq 100, market cap weighted)
QQQE (Nasdaq 100, equal cap weighted)
IWM (Russell 2000, small/mid caps)
IWO (Russell 2000 Growth, small/mid caps)
ARKK (Ark Innovation ETF)
Deepvue screen #1: AAON ABNB AEM AER AFRM AMD AMKR ANET APG APH APLE APO ARCC ARE ARMK ASAN ASND AVAV AVGO AXP BAC BK BN BRBR BRZE BSAC BSBR BXMT BXSL C CADE CAT CCJ CCL CDNS CFG CLS CM CMA CNM CNQ COF COHR COLB COUR CRM CRWD CSX CUK CXM CYBR DASH DDOG DKNG DRS DT DV DXCM EC ELF ENLC ENTG EPR EPRT EQH ESMT ESTC ET ETR EURN EWBC EXPE FAST FIVN FLNC FLT FNB FND FOUR FROG FRPT FRSH FSK FTAI GEN GLBE GNRC GT GTLB H HALO HBAN HLT HOMB HST ICLR IMGN INSM IOT ITCI ITUB IXHL JBHT JPM JXN KBH KIM KMI KNX KRG LEN LULU LYFT MA MAR MCHP MDB MELI MMYT MNDY MPC MPLX MQ MTB NARI NBIX NCLH NET NFE NOW NRG NTNX NTRA NTRS NU NVT NXPI OBDC OKE OLK ONB ONON ORCL OTEX OWL OZK PAA PAGS PANW PATH PBA PCAR PDD PFG PH PHM PK PLNT PLTR PNC PNFP POST PPC PSX PWR RBLX RCL RHP RIOT RITM RMBS RSG RYAAY S SBS SGEN SHOP SKX SMAR SNOW SNV SO SOFI SPGI SPLK SPR SPT SRC STAG STLD STM STNE STWD SUI SYM TEAM TEO TIMB TOL TRGP TS TSLA TSM TTWO TWLO TXRH UBER UGP ULTA URI USB USFD VERX VLY VMC VRNS VRRM VVV WAL WBS WCN WDAY WELL WRB WWD XP YELP YPF ZS ZWS
Criteria: price above $5, market cap above $1 billion, above 50d sma, above 200d sma, average volume above 400k, YoY sales growth above 20%
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daily watchlists with charts
link to current trading portfolio including all positions (open & closed), entry prices and stop losses
links to my daily webcasts
YTD performance