Trading Watchlist:
1. BIDU – price dropped to the major support level:
So, monitor BIDU in the next 2 hours to decide whether to exit the long trade in order to prevent it from, potentially, hitting your stop-loss level.
2. NATGAS – the price action is moving up, nicely, to the next resistance level as anticipated.
3. UNG – interesting to observe that UNG moves in a less volatile fashion (with a time lag) in comparison to NATGAS: 9% move compared to a 16+% move for NATGAS.
4. JETS – analysed.
5. MARA – analysed: the stock is experiencing a high level of volatility but still rising in a bullish direction as anticipated.
6. UVXY – it seems that UVXY may work out to be a hedge against a rising technology stock sector, because when the tech stock rise, UVXY falls, and visa versa.
7. FDX – analysed.
8. INTC – analysed.
9. SOXX – ranging.
10. PALL – ranging: in no man’s land.
11. WBA – analysed.
12. CMG – time to go long CMG:
13. UAL – analysed.
14. SFM – analysed.
15. COST – analysed.
16. AXP – analysed.
17. WMT – analysed.
18. DG – analysed.
19. RUT – analysed.
20. LIT – analysed.
21. XAUUSD – analysed.
22. MU – analysed.
23. TIGR – analysed.
24. US10Y – analysed.
25. DXY – analysed.
26. X – analysed.
27. USOIL – ranging.
28. BTC – analysed.
Learning Point
- Continue to favour trades that have already reached their major resistance or support levels before submitting an entry.
Next Action
- Monitor BIDU at 5.30pm GMT.
- Submit a CMG long entry as soon as possible.
