Yea… So… Yesterday’s afternoon didn’t quite play out so well for me. Market surprised me with a super strong bullish pop on the US-EU trade news, thanks Trump, which I missed all of. Almost caught one last pop but too slow. Then on a disappointing FB earnings, not a thing happened only catching a scalp before the market was halted due to major 50-point selloff off from the earlier surge. Oh well, there will be plenty of more trades to take. Should be interesting how this affects the market today.
Other than that, more earnings are on deck to be released today with 74 of the big names coming from the S&P before the open to include McDonalds (MCD), Mastercard (MA), and Southwest Airlines (LUV). However, what will most likely be in most traders’ sights today is Amazon (AMZN) to be released after the closing bell. Coming off the NASDAQ, Amazon will have plenty of company from Starbucks (SBUX), Electronic Arts (EA), Chipotle (CMG) and more.
On the calendar today, Core Durable Goods Orders at 08:30 EST, which I’m assuming will not make an significant impact to the market today with today’s earnings lineup.
At the Bell
Coming off two days where I stopped trading too soon, missing moves that would have turned my red into green, my main focus today will be taking every good setup until lunch. This is why I opted not to take any premarket trades, conserving that focus and energy for the normal U.S. market hours.
I’m at a point now where I’m confident enough in my strategy to where I should be able to find success in a strong trend or indecision. Physical fitness done. Meditation complete. Positive vibes and outlook.
Got off to a crazy start! First two trades resulted in a profit of $20 for the day before I realized they were place on my paper trading side. (LOL) The one and only time I’ve ever been happy I did not hit my target on a trade.
After I got my platform together to trade from my live account, only took two scalps on NQ in a very slow grind as the market wasn’t moving anywhere. CL was also low on energy, barely trading in a tight range, lulling me to sleep before it finally popped around 10:40 EST, in which I missed. Taking my small profits here just for the green and I will be back later for the AMZN earnings report. Good to finally see some green on the screen after a long cold streak.
Comment below with your opinions and questions.