Tuesday, May 10, 2022

not bull enough

Market opening big gap up today, but relative to things lately, it is still inside yesterday's meaningful bear day. Action is not bull enough. I'm looking for shorts off highs.

Plenty of gaps up on the screener, but most are inside, even if they are +3% gaps. The gaps down screen are -20% and more.

NVAX excellent setup. Got a great entry, but then the spread opened up to 30%+ on the option. I was lucky to get out for pltgt and don't look back (well... looking back, I would have gotten wrecked)

BABA is poised for major tl breakdown. It flusssshed on the open. Grabbed micropause and then traded it tight. Didn't get pl, but got out green. Peace.

MSFT I wanted the 270 breakdown again. I think the setup is valid, but it didn't work. Maybe gave it too much room, but don't regret that (eh... much).

Today I'm looking forward to the first Tuesday noon trader meetup that I started. Hope to meet some great people. 





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