Trading Watchlist:
1. BIIB – analysed:
Keep a close eye on BIIB today, as it seems to be experiencing a short-term price rally.
2. WBA – analysed. Still no movement in spite of today being the day when their earnings report is supposed to be released.
3. QQQ – analysed.
4. SPY – analysed.
5. RUTS – analysed.
6. BTC – analysed.
7. SOLUSDT – analysed.
8. DXY – analysed.
9. WOLF – analysed.
10. UVXY – analysed.
11. NATGAS – analysed.
12. UNG – analysed.
13. DG – analysed.
14. US10Y – analysed.
15. TLT – analysed.
16. XAUUSD – analysed.
17. GFI – analysed.
18. DECK – analysed.
19. TTD – analysed.
Learning Point
- Until I am certain about which direction the broader market is going, rightfully, it is preventing me from entering any further trading positions.
Essentially, this reveals (to me) the primary importance of inter-market analysis for many (if not all) of my higher probability trades.
. - What I noticed about myself today is that I am genuinely very, very curious (everyday) about what the price action has done, and how it is going to move. And, fundamentally, it is this curiosity, utilised to write daily, that is turning me into an expert technical trader.
Next Action
- Continue to monitor WBA every few hours or so.
- Keep a close eye on BIIB today.
- Continue to keep a close eye on TTD.
- Continue to keep a close eye on DECK.
- Watch today’s “Trading the Close”.
