Having a hard time getting into the flow of things right now. I’ve got the entire day to myself — and night — and maybe it’s a bit overwhelming? IDK. I know I’m already distracting myself, and while it’s giving me fairly good feelings, I’m not doing the things I need to do. I’m trying now, so let’s see what we can do.
I looked at my current positions this morning, and while they’re both up a bit on the day, it’s early and they’re still stalled at some resistance on the daily chart. I don’t have any expectations for them, but they haven’t gotten to a place where I’m ready to cut my losses, so I’m continuing to hold. I’ll revisit later today. Additionally, AMC came up on my watchlist this morning again, and the “Technical rating” is to sell, so I’m aligned in that way as well. But even if it pushes up, that’s fine. I don’t have expectations, it’s just another reason as to why I’m not out of it yet.
The S&P is up a little right now, but again, still looks weak. And the VIX is still pushing down. Again, hopefully that’s just allowing me to get into things now with low volatility and benefit from the increase.
I’ve been looking at charts, and keep coming back to one thing: JOBY was something I looked at long, wanted it to retest/base/build energy before I got in. I did see a nice pullback, but never ran the numbers or pursued trading it. It may have been because I was high when I saw it and didn’t want to make any rash decisions. Today, though, price pushed up strong, taking out the highs and had I got in around $5, it would’ve been a great trade. I didn’t get into it, but that was another edge I definitely recognized before.
There are a couple of things that I like today, but nothing that I really love right now. AAL might be the most promising, as it’s been making higher highs and higher lows over the last couple of weeks and is in solid base right now on the hourly chart. I’ll set an alert for the highs of that base to look to get in, but otherwise, I might just be setting alerts/looking over throughout the day between distractions. If I haven’t done anything by, say, 1:00, I’ll take a trade in my practice account, even if I have to force something