selling, selling, selling. light depth, wild and rapid swings. no trades. waiting till the market calms down.

pre-plan:

below, expecting 1018ish, then 984ish
above, expecting responsive sellers to be active at 1149ish, 1168ish
above 1168ish, responsive sellers could be active in the 89-98ish area
big picture is bearish and downwards I’m only expecting bounces at strong support


news:

nfib small business optimism index at 7.30
icsc-goldman store sales at 7.45
productivity and costs at 8.30 – imp – medium
redbook at 8.55
fomc meeting announcement at 2.15 – imp - high

plan:

line in sand for short-term at 49.25. above 49.25, expecting responsive sellers to be active at 68.5-66.25 on first test. expecting responsive sellers to be active at 89 (range of 89-97ish). above that, expecting responsive sellers to be active at 15.5. expecting bounces at support (but risky given violent downwards movements over past week). best to wait for exhaustion at support zones. buyers MAY be active at yday’s low at 09.5 and 95.5-94.5 – I say this given the rapid up move after the ON low was put in and then how far buyers took price up from there and then pulled back and made a HL.

thin DOM, large prints... bad combo for me. took 1 trade (short) and got +3 ticks out of it - i was faked out by the volatility before it went and hit my target and continued on down.

pre-plan:

with the slightly lower low today, ending with the close well above 1149, the recent swift down move over the past week is looking like it’s starting to pull back

expecting responsive buyers at 47-49, 30.75-29.25

below 29.25, expecting 97.25 and lower

above 97.25, expecting 15.5ish (roughly 50% + last bigger swing high)

if buyers can hold price above 1257.5, market is looking a lot more bullish

expecting responsive sellers on first test of 88.75 (nvpoc)




news:

mba puchase applications at 7.00
ceridian-ucla pci at 9.00
wholesale trade 10.00 – low
eia petroleum status report at 10.30 – imp – medium
treasury budget at 2.00 – imp – medium

plan:

volatility: ON action wasn’t nuts, but we have treasury budget at 2.00… expecting responsive sellers on first test of 75.75ish. expecting responsive buyers at 42, 31.75-28. below 28.75, expecting yday’s low, which responsive buyers may be active at on first test, but expecting even lower prices from there. above 28.75, my upside target is 15.5ish, where i am expecting strong responsive sellers to be active. shorts have more risk above 28.75 in the short-term.

pre-plan:

below 35.5, expecting 97 and potentially lower
expecting responsive sellers to be active on first test of 57.75
expecting responsive buyers to be active on first test of 97ish


news:

international trade at 8.30 – imp - high
jobless claims at 8.30 – imp - high
bloomberg consumer comfort index at 9.45
eia natural gas report at 10.30 – low
fed balance sheet at 4.30
money supply at 4.30

woke up too late to do an entry. here is my one trade for the day.

pre-plan:

thinking pullback has started
57.5 is the line in the sand
expecting responsive buyers at 53.75-54.5
below 38, sellers are in-control in the short-term and expecting 13.75
above 38, expecting 15.5

news:

retail sales at 8.30 – imp - high
consumer sentiment at 9.55 – imp - high
business inventories at 10.00 – imp – medium
william dudley speaks at 10.00 – low

plan:

expecting prior day’s high at 1184, then higher. expecting responsive buyers to be active at 53.75-54.5. line in the sand for short-term is at 53.75. below 53.75, expecting wednesday’s low at 1114ish.