03/06 – 03/10 Russell 2000

iwmd1

As we see in the chart of IWM ( traded etf for Russell 2000 ) we have a move up from post Trump election . The prior pivots for trading this week is $137.20 and $140.86 which are also the highs and lows on weekly chart of the last week.  As long as IWM hold $137.20, stay bullish and watch for follow through to clear $140.86 level. If bears build up power and broke $137.20, see if they hold and watch for follow through to $133.20 level.

 

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03/06 – 03/10 Technology

qqq      xlk

Technology sector remain to be one of the strongest since post Trump election.

The prior pivots for trading this week is $131.68 and $129.38 on QQQ ($53.16 – $52.17 for XLK) . As long as QQQ hold $129.38, stay bullish and watch for follow through to clear $131.68 level. If bears build up power and broke $129.38, see if they hold and watch for follow through to $127.72 level. Also a close below 229.66  ( 52.27 for XLK )  can give to us a higher probability of a down move, so be patient.

Strong stocks : 

CDNS, MBLY, TDC, ATVI, DBD, STX, TRMB, LDOS, CSCO, PTC, FNSR, TTWO, AMAT, FTV, COMM, SHOP, ORCL, TMUS, NTAP, LLTC, YHOO, CSC, LITE, APH, TXN, FIS, ADI, EA, NXPI, ADP, LCRX, IBM, ADBE, INTU,. FB.

Weak stocks :

NVDA, GIMO, YELP, TRIP, QCOM, AKAM, PANW, BIDU.

 

03/06 – 03/10 S&P 500

spx         spy

As you see in the charts of SPX and SPY ( traded ETF for S&P 500 ) market have a clear move, with higher highs(HH) and higher lows(HL) from 11/09 when Trump was elected as president of US, also we have a accelerated trend line ( with purple on SPY chart).

The prior pivots for trading this week is 2355 and 2400.98 on SPX (235.50, 240.32  for SPY ). As long as SPX hold 2355, stay bullish and watch for follow through to clear 2400.98 level, trading strong sectors/stocks. If bears build up power and broke 2355, see if they hold and watch for follow through to 2351 level and after to 2336 level on SPX ( 235 , 233.50 for SPY), trading weak sectors/stocks. Also a close below 2358.96  ( 236 for SPY )  can give to us a higher probability of a down move, so be patient.

Weekly recap – Traders are stocks that they trade

After making my research i was very well prepared for the last week knowing what i gonna do in every possible situation, but in despite of this, i found that my efficiency is still slow because I had too many things to watch, failing to react to what happens now. This caused trading stocks that are not in play because i can’t make differentiate between stocks that move and stocks that not in one or anether specific sector in that today.

Looking at the market all week by watching my stocks i found that if sector broke one of my pivots, usually, all majority of stocks from that sector in my watchlist will move with him, but only the strongest will give a beutifull move with folow through. Also i found in other days that these strong stocks will give me beautiful moves several times in another days in despite of that fact that this sector today is in range and only maintain its gains.

Wee all know the Pareto principle (also known as the 80/20 rule ) states that, for many events, roughly 80% of the effects come from 20% of the causes. So i decided to focus on this 20% following this rule :

It sector broke my pivot watch only stocks that broke their pivots too, focusing all my energy to them , also i can trade them intraday  because probability that they will move are very high in regedles of fact that i didn’t expect much from them and at first glance there are no difference between them and stocks that have not broke their pivot. In stocks that didn’t broke their pivot, but remain strong, only buying support bounce are allowed . ( Vice versa for weak stocks )

01/03 – Waiting For Trump

All things mentioned in my market research  are the same, but there’s more caution in the air because meny secotors are overbought as I said.

XLV daily and weekly charts : 

xlvd1    xlvw1

IBB daily and weekly charts : 

ibbd1    ibbw1

On monday and tuesday we had a great move in Healthcare leaded  by biotech sector as IBB broke last week hi. I played this in stocks like AMGN, CELG, EXEL and PTLA mentioned in my market research  for biotech .See if IBB will broke and hold above 300 for anover move.

XLU and /CL daily charts : 

cld1     xlud1

Also we see that utilites showed some commitment and relative strength on thuesday as we broke 52.75. The prior pivot for now is 51.20, see if they hold and watch for follow through trading strong stocks.

Oil have played a nice support bounce from low of the flag, nothing changed and see if it remain strong.

Gold have showed some weakness and it looks like it needs a little more time to rest. Now the prior pivot  is 1237 on /GC.

Also at 9:00 pm ( New York Time ) President Trump Speaks to congress and lets see what he says, maybe this will give some new opportunities tomorrow.

If something will change i will come with an update.

 

 

 

 

02/27 – 03/03 Utilities

xlud1

As you see in the XLU daily chart ultilities closed above 51. See if they hold and watch for follow through to 52.75.

But in spite of this, we are extended from the 9day EMA, so we need to be patient trading utilities stocks.In case of gapping up on monday above 52.75  or in another day after clearing this level, we may see a move down in that day as we move further in overbought area, so don’t take too much size playing this sector.In case if bears build up power and broke 51 see if they hold 9 EMA or next level – 49.50.

Electric Utilities : 

  • Strong Stocks : AEP, GXP, DUK , NEE, EIX, OGE, ETR , PPL ,EXC ..
  • Weak Stocks : WR.

Multi-Utilities : 

  • Strong Stocks : AEE, SRE, CMS, CNP, DTE, NII, PEG.
  • Weak Stocks : SCG.

Independent Power and Renewable Electricity Producers : 

  • Strong Stocks : NRG.

02/27 – 03/03 Gold & Silver

gcd1   gldd1        slvd1

As you see in the /GC, GLD and SLV daily charts these instruments have broken their downtrends and are ready to go up as long as /GC remain strong and hold his accelerated trendline ( with violet on /GC daily chart ) .

The prior pivots for trading this week are 1261.20 and 1226.8 for /GC, 119.88 and 116.77 for GLD, 17.45 and 16.90 for SLV.  As long as /GC hold 1226.8, stay bullish and watch for follow through to clear 1261.20, trading strong stocks. If bears build up power and broke 1261.20, see if they hold and watch for follow through to 1220, trading weak stocks.

Gold :

  • Strong stocks : $GOLD .

Silver :

  •  Strong stocks : $SSRI .