I don’t know, dude. What the fuck. I woke up early this morning, meditated in bed, got to the computer and was logged in everywhere before the market opened, and that’s it. It’s been almost 20 minutes since I opened this page and I’m just getting started typing, and it’s not like I was doing anything in the meantime. I just feel like I don’t have consistency, so I don’t know what to do right now being this early. UGHFS:DLKDFS:JKL
Whatever. The market’s been open for 10 min. now, and the only thing I’ve really seen is SWN, which I put an entry order for yesterday, gapped up this morning, and looks to retest, so I might analyze that right away and then look for other opportunities. Firstly, though, the S&P finished up yesterday, a little bit, but is mostly still hovering around that support area. There’s a little upward movement today, but it doesn’t look like much right now. The VIX dropped a bit, but is still pretty high
The one stock that’s jumping out at me this morning is AR. It’s Antero Resources Corp. (I think I’ve either traded this before, or at least have placed orders before) which is an independent oilt & gas company. Looking at the daily chart, this has been pushing up for at least a year, with some larger moves happening over the last couple of weeks. Today, price has gapped up to new 52 week highs, and while there’s some pullback happening right now, looking at the hourly chart, it appears to be in a nice base. On the other hand, on the daily chart, this is up against it’s upper band and is just in overbought territory so the move might be somewhat exhausted, but on the hourly/4h charts, there’s still room to push up. I like it. Now the question is whether I want to buy the stock or an option….
Something else I’m looking at this morning is Ford (F). It’s been dropping for some time now, and over the last couple of days has reached it’s upper band which is also near resistance. On both the daily and 4h charts, this looks like a good retest. I think I’m going to take a .5% day-trade on the 5 min. chart here if it breaks the day’s lows