Not many picks today. Market daily looks bull below resistance. 2 gap up picks are main targets. NVAX gapping above bottom. ZIM gapping near ath.
I ruled out ZIM bc it is 5th day of a strong run and indexes still below resistance.
Market barfed at the open (mkt tone now: skeptical of all bounces) and I played NVAX actually for a failure. Spread was not great so I didn't get best target, and since I'm only trading zigs, no zags, after 1 reasonable (but scary) bounce, I had to clamp down. No regrets there bc it launched after that.
Since NVAX was originally a long pick, in retrospect seeing the subsequent run up how would I have played it? Where would the entry have been? Maybe only after 10am, surge, pb near vwap, then run again. Market move may have corroborated that, but I think I would have been hesitant.
Trying a new chart format where upper left is trade target daily, large right is 1 min trade, lower left is 1 min index for reference.
