So, we had a decent consolidation day.
We just have to make sure this market hangs on.
We had three nice up days. Now, we’re pulling in, which is healthy.
But I am seeing a couple of problems.
Oil prices rising is not the best for the market. And bonds are heading south, which is not so good either. I guess time will tell.
Here’s how I traded today:
- I bought $SNOW at 187 and sold it at 188.40. This stock broke above yesterday’s high and hit resistance at 189.
- I bought $SQ at 62.35 and sold it at 63.12. I was watching this name the past few days.
- I bought $PYPL at 95 and sold it at 95.42. My trigger was at 94.50; that’s where I should have taken the trade.
- I bought $DIS at 100.80 and was stopped out at 100.
I alerted people in the live trading room about $NVDA at 133.5 for a one-point move to 134.5. I didn’t take this trade.
All names reversed lower so it was a good day to take profits quickly.
We’ll see you live at the open Friday morning to start the trading day.
All Star Charts Team