Trading Watchlist:
1. JPM – submit a 1/3 short as the price action pattern seems to be forecasting an evitable decline to the next daily timeframe support level (at the least):
2. RUT – analysed: expected to continue declining on the daily timeframe.
3. INTC – analysed.
4. CMG – analysed.
5. WBA – analysed.
6. BIDU – analysed.
7. TIGR – analysed.
8. SOXX – still ranging.
9. BIIB – analysed.
10. X – analysed.
11. FDX – analysed.
12. BABA – analysed.
13. DG – analysed.
14. USOIL – turning bullish, which should potentially put pressure on UAL and JETS.
15. JETS – analysed.
16. UAL – analysed.
17. NATGAS – analysed.
18. XAUUSD – analysed.
19. PALL – almost out of no man’s land. In other words, the price action is nearly at the major support level on the daily timeframe:
20. SFM – analysed.
21. WMT – analysed.
22. COST – analysed.
23. US10Y – analysed: weak price action pattern on the daily timeframe so stay out of a possible trade.
24. DXY – analysed.
25. BTC – analysed: if the US stock market continues it’s strong decline, then I would expect Bitcoin to continue following suit. Therefore, keep up your monitoring of the broader market when evaluating what BTC is most likely to do.
26. BTC.D – confirms and continues its sideways movement (very intriguing).
Next Action
- Submit a 1/3 JPM short as soon as possible.
- Consider submitting a PALL long limit order when the markets re-open on 2nd January 2025.
- Watch Gareth Soloway’s latest trading video to continue your trading development.
