Trading Journal and Game Plan March 15
Game Plan - Ride bear squeeze while preparing for bear raid
Campaign - Reflexive strategies off Fibonacci levels
March 15
Let’s see how the week starts out. It looks like there’s room but perhaps a quick pullback early in the week? Or, we could see pent up retail demand trigger a gap up on Monday, which should be sold into. Watch NFLX near a.t. highs here.
If we get a down opening:
Launch Long baskets and short SHORT baskets.
LONG FAZ/BGZ looks like a perfect set-up.
Quick momo trade: AIPC, CMG, BWLD, AMGN, GILD, CELG, ICE,
POS: BWLD, NWPX CMG, CME, DRYS, F, ISRG, IBM (?), LCC
MONSTER SHORTS: GOOG, PNC, FSLR, AAPL, GS, MBI
March 11
Spoo’s target 840 – 850: prior symmetrical triangle consolidation boundaries converge (apex). Tuesday’s move confirmed with multiple indicators and most recent low from last week was not qualified (negative divergence).
FIB retracement targets: 720, 733, 747.50, 770 (24SMA), 785 (40EMA),794, 802, 818
SPY apex convergence ~87
SPY fib’s: 73.85, 75.10, 77.50, 79.35, 80 (a.z.), 81.05, 82.75
BWLD= 39
SKF target 170, 163,
BGZ T= 80
TZA T= 81.75, 74.50
ERX T= 25 >21.50
FAS T= 6
BGU T’s= 18.75, 22, 25.50
X: 23.50, AGU= 39.50, CAT= 31
WHR: 26, WYNN > 20,
YHOO > 13.45, AMZN >66 = 70, BIDU = 198
BAC= 7
March 5th PRIORITY- Volume climax in financial names. Short-term trend exhaustion. Dow recovery of 7450 level short term reversal in progress.
