Trading Watchlist:
1. CMG – consider taking partial profits on CMG, as soon as the markets re-open on Wednesday, because it has hit a major daily timeframe support level:
2. UVXY – analysed.
3. PALL – analysed.
4. US10Y – analysed.
5. MRNA – analysed.
6. BIDU – analysed.
7. TIGR – analysed.
8. SOXX – analysed.
9. RUT – analysed.
10. DG – analysed.
11. LLY – consider taking partial profits on LLY as soon as the price action hits the next major support level:
12. UCO – analysed.
13. USOIL – analysed.
14. SOUN – analysed.
15. BIIB – analysed.
16. WBA – analysed.
17. WOLF – analysed.
18. TSM – analysed.
19. INTC – analysed.
20. CVNA – analysed.
21. QQQ – analysed.
22. WMT – analysed.
23. COST – exit COST as soon as possible with full profits:
24. UAL – (analysed) look to make a short entry at the upper range of the parallel channel by placing a limit order.
25. JETS – analysed.
Learning Point
- LLY – using the daily timeframe is enabling me to become better and better at assessing when best to take profits out of a trade.
Next Action
- Monitor LLY closely on Wednesday (in order to consider taking partial profits) when the markets re-open.
- Exit COST when the markets re-open with full profits as soon as possible.
- Submit a limit order to short UAL as soon as possible.
- Monitor JETS short trade closely on Wednesday when the markets re-open.
