QQQ
The index tried to break out of it’s vcp pattern higher and closed weak.
The 10 is over the 20. The angle of the 10ma and 50ma are sloping higher, the 20ma is flat after today. This is the first signs of a potential move higher in the index, and certain stocks are also showing continuation higher which is good.
Another positive breadth reading today. Could just be certain mega caps holding the index back from advancing.
My current risk given the market environment: Full Size
What I did today
Got stopped on two positions.
AEVA got stopped out on the morning flush. Still trading pretty decent volume. Bought it back in the afternoon with a stop at lows. Inside day, if it takes out today’s high tmrw could see some momentum.
GEV stopped out at the close for a small loss as it closed under the 10/20.
Prints:
Equity + Holdings:
That’s all for today.