Alanger17

Alanger17

SPY - We were slightly bullish on SPY if you saw yesterdays list. SPY finished green around 1% which is what we expected, but we made another inside day today putting SPY in a 2-1-1 pattern on the daily. I am still expecting us to push higher tomorrow, but I have a feeling it will be a tricky day of price action with FOMC on wednesday. Overall slightly bullish...

Alanger17

SPY - expected spy to push slightly higher on friday but we made an inside day instead putting SPY into a 2-1 setup. I am somewhat bullish still on SPY for Monday, but I could see Monday going either way. Watchlist and bias: Daily Chart Setups: SPY - 2-1: Slightly bullish AMZN - 2-1: Slightly bullish DIS - 2-1: Neutral LULU - 2-1: Neutral MCD - 2-1: Bullish UNH...

Alanger17

Going off of yesterday's watchlist and notes, we were expecting bullish movement on SPY and we got it. Very strong close again on SPY leads me to believe we will see a push higher again tomorrow, but I am not entirely sure how much higher. With that being said, I think we are set for a solid friday session. The scanner only had 5 tickers on it today with our main...

Alanger17

Very little amount of tickers coming through the scanner today after hours. Only two tickers I am watching include: HD (2-1) daily DOCU (2-1) daily Main focus is on DOCU as it has a massive gap to the upside to fill. I don't think it will fill this gap anytime this week, but I think tomorrow we may see it push up to the 50% retrace of the previous weekly candle,...

Alanger17

Inside Days - BABA, BBY, CFG, KO, M, PEP, QCOM, UNH Inside Weeks - ADBE, CHWY, EBAY, KMX, LCID, MMM, NKE, SBUX Inside Month In Force- AAL, CTRA, FCX, FMC, MCD, MRO, SLB 50% Rule Setups - LULU Engulfing Days - KHC, XOM How to play each setup mentioned above: - Inside Day/Week/Month is played by watching for a break of the high/low of the inside bar. You...

Alanger17

Notes: SPY coming off of a very strong week. Last week I mentioned we broke out on the weekly and should see upside, which we did. Now we have a failed 2D on the daily, and with a strong weekly close, I am guessing we see 421 on SPY before continuing higher or reversing. Going into Monday and Tuesday, I definitely think we will see some upside before making any...

Alanger17

Notes: Not a ton of action on the screener today as most stocks moved up 1-2% with SPY. SPY weekly breakout seems to be playing out really well with FOMC leaving a bullish feeling in the air. I still don't fully trust the bullish movement, but once again, we have to play what's in front of us and remove all personal bias from trading. Going into tomorrow I am...

Alanger17

Notes: Green slow run up kinda day on SPY. Not any real crazy movement as anticipated. Expecting the same, if not worse, price action tomorrow leading up to FOMC at 2 PM Est. Gonna be watching my list below but will probably call it an early day after we hit that choppy lunch hour price action that we usually get on FOMC days. Trade safe. Dont play the news unless...

Alanger17

Notes: SPY gapped down and had a choppy red day. I have no hope or expectations for tomorrow as I think economic news and lots of major earnings throughout the rest of the week will cause some wicked price action. Trade safe tomorrow, and don't trust the moves. MMs love to set traps in setups like this. Watchlist: MRK - 2-1. One of my favorite stocks to play...

Alanger17

PFE - failed 2u-1 on the daily, looking for more downside tomorrow. Put Trigger below 44.83. Put SL/Call trigger set at 45.32 JNJ - has a 2-1- on the daily. Feeling neutral but would prefer downside on this play. Call trigger above 169.62, Put trigger below 167.50. JNJ has earnings report tomorrow so be careful trading this one. (SL for call and put trigger is...