Trading Watchlist:
1. SOXX
As shown above, SOXX’s appears to still be rolling over on the 4 hour timefram as anticipated.
Let’s see what continues to happen (this is why stop-loss in place just in case it reverses direction).
2. UVXY – analysed.
3. SOXS – analysed.
4. BTCUSDT – analysed.
5. LINKUSDT – analysed.
6. COPX – analysed.
7. FCX – analysed.
8. DG – analysed.
9. SFM
Start scaling into a SFM long trade as it is, generally, negatively correlated with the direction of the broader market (SOXX).
10. JETS – analysed.
11. UAL – analysed.
12. NATGAS – analysed.
13. IYT – analysed.
14. FDX – analysed.
15. UPS – analysed.
16. USOIL – analysed.
17. US10Y – analysed.
18. US10 – analysed.
19. HOOD – analysed.
20. AMD
Keep a close eye on a possible great AMD shorting position.
21. RUT – analysed.
22. IWM – analysed.
23. BABA – analysed.
24. BIDU – analysed.
25. TIGR – analysed.
26. DXY – analysed.
27. FCX – analysed.
28. INTC – analysed.
29. AMZN – analysed.
30. QQQ – analysed.
31. AXP
Using the weekly timeframe Stochastic RSI as an early signal to enter an AXP short position has seemed to workout. However, to use it effectively required the following:
- the Stochastic RSI moving averages need to be in the overbought or oversold area,
- the Stochastic RSI moving averages have to start crossing the 80% or 20% threshold or line on the weekly timeframe,
- the lagging span on the 4 hour timeframe has to look likely to start breaking downwards or upwards through a relevant diagonal trendline (near or in close proximity to the trendline),
- the price action has been clearly trending as opposed to ranging, and
- intermarket relationship with broader market needs to favour a move in the anticipated direction.
32. HOOD
As can be seen above, keep a close eye on HOOD for a possible great shorting opportunity.
33. BTC.D – analysed.
Next Actions
- Using Perplexity.ai research the correlation between SOXX and DG.
- Using Perplexity.ai research the correlation between S&P and DG.
- Using Perplexity.ai research the correlation between Nasdaq and NFLX.
- Using Perplexity.ai research the correlation between S&P and SFM.
- Keep a close eye on HOOD for a possible great shorting opportunity.
- Keep a close eye on a possible great AMD shorting opportunity.
- Start scaling into a SFM long position immediately.
