Trading Watchlist:
1. INTC – close additional capital trading position as soon as possible:
2. NATGAS – price declining in the super short-term (3 minute timeframe).
3. UNG – in light of the short-term declining price action of NATGAS, wait at least 1 hour before deciding whether to submit a UNG long entry.
4. BIDU – entered a small long trade (scaled in):
5. SFM – analyse again in the next 4 hours (6.30pm GMT).
6. COST – analyse again in the next 4 hours.
7. JETS – analyse again in the next 4 hours.
8. UAL – analyse again in the next 4 hours.
9. WMT– analyse again in the next 4 hours.
10. AXP – analyse again in the next 4 hours.
11. US10Y – analysed. Assess the US10Y’s 4 hour timeframe again in the next 4 hours (6.30pm GMT). Looking for a 4 hour candle to close below the Kumo Cloud before making an entry.
12. UVXY – analysed.
13. BTC – analysed.
14. MARA – analysed.
15. DG – analysed.
16. LIT – analysed.
17. DXY – analysed.
18. TIGR – analysed.
19. CMG – analysed.
20. RUT – analysed.
21. X – analysed: ranging.
22. PALL – analysed: ranging.
23. MU – analysed: ranging.
24. SOXX – analysed: declining.
25. WBA – analysed. Extremely important to keep an eye on this stock everyday.
26. FDX – analysed: prepare to add additional capital to this trade at some point (continue to monitor its price action everyday).
27. USOIL – analysed: ranging.
28. XAUUSD – analysed.
Learning Point
- INTC – when adding additional capital to an existing trade really try to ensure the price action has as little chance, as possible, returning back to the original entry level.
Next Actions
- Close additional capital position in relation to INTC as soon as possible.
- Watch Gareth Soloway’s “Trading the Close” today.
