It’s nearly 9:30 and I’m just getting to it. I’ve got a bunch of non-work-related chores to do today, and it’s delayed me this morning. I wasn’t able to do any pre-market analysis, so I’m just going to look through my screener and see if I can find any swing trading oppor– actually. I should have at least 2, but probably all 3 of my day-trades left. I think I’ll do some day-trading today. If I don’t see anything that’s moving now, or if I haven’t done anything by 11:30 this morning, I’ll look to take a longer-term approach, but I’m looking for day-trades for now
Equities are down on the day, but had a lot of downward pressure earlier and is now sitting near the day’s highs/the open. The low’s it reached today was a solid support/prior-resistance area, so I could see more strength for the next few hours. I’m going to look for longs, primarily, but I’m not opposed to taking anything short. I’m just doing my best to remain open to what the market shows/provides
F – Long – I don’t like this, after all. It gapped down this morning but is on a strong up-day and is sitting near some resistance with a clear target area, which is why I looked at it initially. Looking now, though, this has been in a downtrend since earlier this month, with large gaps down. I’m not sure how much more strength this will actually have, so I’ll leave it alone
MARA – Long – In a lot of ways, this has been trending down since late January, but it reached a bottom a week or so ago and has been pushing up from there. That move up took out prior swing highs, and is now stalling at a resistance area that was created during that drop. It looks like a good area to break, with a clear target area, so I think I’ll definitely look for entries here
Update after analysis: I was looking through a few charts, putting some orders out in both regular and practice accounts, when I looked at this on the 3 min. chart and saw it was a in a bit of a high base and threatening to break. A) I’m not really trading bases now, and B) it was so close to breaking it I was pretty sure I wouldn’t catch the moves, so I just ran the numbers and set an alert at 1R. It hit. Would’ve been a great trade if I could’ve caught it, but that comes with timing — Another update. Not long after hitting 1R, price reversed back to the prior highs. If properly managed, that’s where my stop would’ve been and it would’ve been a break-even trade, ultimately.
LCID – Long – Another one that’s been pulling back for a little over a month, but has made moves suggesting it’s recovering. Price is, again, at a good resistance area, and there’s a clear target if it can break this key level — which it’s already threatening to do. I’ll look to put some money here, too. The only thing giving me pause is back in January, there was a MASSIVE move for some unknown reason, and price pulled back off of that and an argument can be made that price is headed back down toward more “normal” levels, but I’d be willing to take a short-term shot here
RIOT – Long – This looks so good that in the time I added it to my screener it’s gone from +3% to over +6%. Wish I had gotten here earlier, because I almost definitely missed the move here.
DKNG – Long- this has been pushing up since the beginning of the year, quite strongly, save for a fairly sizable pullback in the last week of January. Since then, though price has been pushing back up and has taken out the highs it made prior to that drop. When I first added this to my list, it appeared to be retesting those highs, so I liked it, but looking now and it’s already pushing back up. I’ll come back here if I don’t see any entries anywhere else, but I think I missed this
UBER – Long – This has had a lot of wild moves over the last few weeks spiking over $3.50 and then returning over the course of less than 2 weeks. Today, price is back somewhat near those highs, and has recently taken out a slight resistance area that was created during those couple of weeks, so it looks promising. I like a couple others more, but I’ll revisit this if I don’t end up taking a shot anywhere else