Good morning traders!
Hope everyone had a great session yesterday, Daily Plan levels once again were robust. There was a large move lower in some of tech which actually broke below key levels sent out in the Weekly Outlook. Emini was able to remain above 4169 short target, selling down to 4174 before reversing back over 4200. The remaining stocks in Daily Plan that held up well yesterday will be the focus for longs for todays session as long as they are breaking above long levels. Once the stocks that have been on fire begin to settle is when I look to get in where the money flows to. Stocks like:
AAPL 0.00%↑ TSLA 0.00%↑ META 0.00%↑ GOOGL 0.00%↑ AMZN 0.00%↑
Potential shorts moving forward:
Short levels on these names will be inside the Weekly Outlook and will look like this:
This was posted for all the stocks in the Daily Plan so make sure to go check it out and update thesis based on where we sit on a weekly basis.
Overall I think the uptrend remains valid especially with Emini’s failure to accept value down at 4169. This gave indication that prices weren’t attractive resulting in a move right back up to 4200. While holding above 4200 I will focus on longs and below 4200 will activate shorts. Exactly as said in yesterdays Daily Plan.
