It’s later than I want (as usual), but of course not too late to get things done. I’ve already gotten some alerts that price areas have been broken, so I think I’m going to start with some things already on my watchlist. Emotionally, I’m okay. Had a bad moment last night, but felt a little better by the time I went to sleep, and now I’m about back to where I usually am each day. I’ve got the day, and probably the night to myself, so that helps, too.
I already got a couple of notifications this morning of stocks that have entered into price areas I wanted to look at, and I’ve got my list from yesterday (not to mention whatever comes up on my screener) so I’m feeling a little overwhelmed, but I’m ready to get to it.
[sonofabitch I have to use the bathroom, so hiatus for that now.. 9:19. 9:43 wow. Oh well, back to it]
The S&P is down slightly on the day, but not much. It’s on it’s second down-day, but it’s sitting on a pretty strong support level now. It’s been strong for the last couple of weeks, so I could see further strength around this support level. The VIX is also up over 4%, so that’s good to see, but it looks like a small bump on the chart.
I had quite a few securities that I looked at this morning. There were 12 on my watchlist and, like, 6 or 7 left over from yesterday. I’ve narrowed them down to one’s I want to focus on for the next few days and only one looks tradable right now.
AAL, American Airlines, has been pushing up for about a month, and over the last…. Actually, now that I’m looking at it, there are a couple of conflicting signals. It looks strong, but I’d be taking this into resistance and on both the hourly and 4h charts, the RSI is touching overbought. The bands are expanded more than I’d like, too, so I’ll actually hold off here.
The other best option (long) in my opinion is (it’s funny, even in this small forum that’s only for me, I don’t speak with much conviction. It’s okay, I like it that way) PLUG. I’m still in this in my practice account — haven’t done anything with it — and I almost pulled the trigger here yesterday, but it didn’t quite reach the levels I wanted it to, but today it has and is on a little bit of a pullback. It looks like a pretty retest on the 4h chart, none of the time-frames are in overbought territory and the bands aren’t quite expanding yet. I’ll enter another order here, and it’ll be contingent on the next push up above the resistance area around $29.40.