Trading Watchlist:
1. UNG
Consider taking partial profits out of UNG (NATGAS) when the markets re-open today, because NATGAS (its inter-market partner) it is approaching a major resistance level:
2. BTC – analysed.
3. NATGAS – analysed.
5. US10Y – analysed.
6. QQQ – analysed.
7. RUT – analysed.
8. SPY – analysed.
9. SAP – analysed.
10. DG – analysed.
11. UVXY – analysed.
12. FIVV – analysed.
13. UAL – analysed:
Anticipating a relief bounce to the centre of the parallel channel, or to the Ichimuko Kijun, before the price action continues it decline. This would be a great place to obtain a short entry. Let’s see how the price action plays out.
14. JETS – analysed.
15. BIDU – analysed.
16. BIIB
Consider adding additional capital to BIIB long position tomorrow.
17. WBA – analysed.
Learning Point
- Trading really is about being consistent and highly patient. It is truly about knowing when and when not to over trade.
Today, there has not been much market activity at all, so it was important to just sit on my hands so to speak.
Next Action
- Continue to ensure that you make your way through all the different charts, everyday, in order to continue spotting great trading opportunities and setups.
- Consider adding additional capital to BIIB long position when the markets re-open tomorrow.
