Trading Watchlist:
1. WBA – (analysed):
It appears to everyone is waiting for the earning report tomorrow to determine what direction the stock price will go.
Carrying out some brief fundamental analysis, I stumbled upon an WBA assessment that indicated that the tomorrow’s earning report is likely to be very favourable.
Furthermore, the price of action of WBA is currently in a bullish pattern so I will hold on to my active long position.
Let’s see how this plays out.
2. QQQ – analysed.
3. UVXY – analysed.
4. SPY – analysed.
5. RUTS – analysed.
6. BTC – analysed.
7. SOLUSDT – analysed.
8. MRNA – analysed.
9. US10Y – analysed.
10. TLT – analysed.
11. NATGAS – analysed.
12. UNG – analysed.
13. DG – analysed.
14. WOLF – analysed.
15. TTD – analysed.
16. DECK – analysed.
17. XAUUSD – analysed.
18. GFI – analysed.
19. BIDU – analysed.
20. 000001 – analysed.
21. HOOD – analysed.
22. TIGR – analysed.
23. FFIV – analysed.
24. SAP – analysed.
25. PALL – analysed.
26. BIIB
Get out of BIIB as quickly as you can if the price moves to the upside.
Learning Point
- Continue to wait for the broader markets (QQQ, SPY, RUTS) to decline to the Ichimoku Kijun before considering whether to enter a long or go short.
- In the meantime, just continue to sit on your hands (never overtrade).
Next Action
- Monitor WOLF’s price action closely today.
- Watch today’s “Trading the Close”.
- Monitor WBA tomorrow pre-market, and as soon as the markets re-open.
- Monitor BIIB very closely in order to exit the long position.
