Hey guys Hope you had a nice day I had a down day because of not following my plan. What can you do its a part of the game. The only one good thing is that LOXO my call is going really nice and it broke out like I thought and I am still in it. BABA did exactly what I thought I just mixed up the order it was in. Thats what caused me to get stopped out on it two times. SO stubborn at a wrong time. DRWI also just a crack, I thought it would bounce of that 1.20 support and it did but nothing special not enough for me to take some profits off the table and got stopped out of course. Later on in the day it cracked more. So in general a down day but when the losses are small your on the right track and getting stubborn with the markets will cause pain in many ways LOL.
LOXO - Looking for continuation of the break out. The think is today I am not sure like yesterday it would break out, I mean nothing in this game is certain. 74 acting as big support now so If it retests that level in a profit taking wash I will look to add some. Today this can have either a consolidation day or another big green day IMO.
DCTH- Going crazy yesterday in price action and in volume,today gaping up in PM, very strong close yesterday. Looking for a small wash or a para move to scalp. Very tiny stock, I rarely trade these type of stocks but it can get interesting today. Ideally ash to 0.045 than a breakout over yesterdays highs.
ADHD- gaping with no catalyst that I can find. Never the less today can be a nice little breakout on the daily. If it stays over the 1.40, its at that price level at the moment and if it does break with power this can move toward closing the gap from mid January. So ideally wash to 1.40 or in worst case 1.25 and run up or breakout.
Wholesale Trade 10:00 AM ET
Baker-Hughes Rig Count 1:00 PM ET
/CL not doing so well after that crack day and yesterday also drawn out in our pre-market plan perfectly the short out of our risk zone hit our profit target. Today can be choppy and sideways but not strength yet, nothing that indicates some rebound. Still short term bearish and ideal place fora short is around the 46$ again with a 30 cent risk for a retest of the 45.3 which is support from the last couple days.
Good luck guys and lets finish of a decent week. My school is up and running if you have any questions let me know. Thanks and trade safe.