Trading Watchlist
1. SOXX
As can be seen on the 4 hour timeframe, probabilities currently favour the SOXX moving sideways breaking out of it declining price action structure.
Essentially, this should favour all longs: stocks or markets that have, or require, a bullish price action structure.
It will still probably be necessary to wait for the price action to pull back to the Kijun in relation to many stock and markets before making a decision to going long though.
2. QQQ – analysed: confirms the sideways price action movement of SOXX.
3. SPY – analysed: confirms the sideways movement of SOXX.
4. RUT – analysed: confirms the sideways price action movement of SOXX.
5. BTC
In light of the highly probably sideways movement of SOXX, I now expect BTC to eventually rally to the next resistance level of $104,000 at some point.
Therefore, it may make sense to prepare to go long an Altcoin like THETA.
6. THETAUSDT
Start preparing a medium-term long THETA trade, as soon as possible. with a suitable stop-loss for protection.
7. NATGAS – keep a close eye on NATGAS for a possible long entry.
8. BIDU – analysed: always assuming that I may be wrong, wait for confirmation of the bullish trend resuming before possibly adding additional capital to the long BIDU trade. Better to play safe, than sorry, as there is no rush.
9. PLTR – analysed.
10. UAL – analysed.
11. JETS – analysed.
12. BIDU – analysed.
13. USOIL – analysed.
14. USO – analysed.
15. DG – analysed.
16. AMD – analysed.
17. TIGR – analysed.
18. UPS – analysed.
19. HOOD – analysed.
20. DECK – analysed.
21. TTD – analysed.
22. AXP – analysed.
23. MRVL – analysed.
24. GFI – analysed.
25. COIN – analysed.
26. SFM – analysed.
27. FDX – analysed.
28. COST – analysed.
29. WMT – analysed.
30. FFIV – analysed.
31. X – analysed.
32. US10Y – analysed.
33. CMG – keep a close eye on CMG.
Learning Point
- Best to start investing in Altcoin as soon as the BTC Dominance starts to decline. This is because it will increase the odds that the Altcoins actually start moving.
Next Action
- Keep a close eye on BIDU trade.
- Start preparing a medium-term long THETAUSDT trade as soon as possible.
- Keep a close eye on a possible CMG long trade.
- Watch today’s “Trading the Close“.
