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Stock Pickers’ Market Holds Prices Steady – Feb 6, 2019

MARKET TEMPERAMENT –

The SPX spread expiring today is tight at 16 points around the 2735 strike leaving us 2719-2751 as our ranges of priced motion stretch higher for yet another day. Momentum remains very bullish. Until this shifts, all our pullbacks will present buying oppotunities. That means we need to look for higher lows to engage in buying events in order to manage risk appropriately as an intraday trader. The KEY watch state today will be – can we break above the 2734 congestion level and hold there-

Continue the watch state for THE FAILED RETEST OF NEW HIGHS as our Metastock swing system says should be our introductory entries short…. this means that how well we bounce here (or fail to bounce well) over the next couple of days will bring us to engagement.  As it sits, we continue to hold the long bias unto our reversal form confirms.

How about finally starting that trading journal?

You should – Here’s an easy way to keep track of your progress

PROTECTED DATA SITS BELOW –

IF YOU CAN SEE THIS LINE, YOU ARE LOGGED IN 

NEW LINK FOR TRADING DATA EXCEL SPREADSHEET –

Please download the dropbox for the newest data

MORNING Webinar link BEGINNING 9:15 AM CENTRAL for the week beginning Feb 4, 2019

WEBINAR LINK LIVE FEED OF THE CHARTS BEGINNING AT 10 CENTRAL

TODAY’S WEBINAR RECORDING LINK

STUDY SESSION FROM 1-30-19 – webinar recording

YESTERDAY’S webinar recording

HOW TO TRADE THIS SPREADSHEET AND TRADE MECHANICS IN GENERAL- STUDY VIDEOS SERIES

TRADING AND TARGET LEVELS FOR 2-6-19
TARGET PERFORMANCE FOR 2-5-19

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