• Small caps have been lagging for 6months but they’re def showing rw, IWM still inside of a range but if it loses the 200day again, could have a nice flush.
• ASAN had a beautiful ipo breakout [2/9/2021] having follow through, small account edge.
• UPST I caught perfectly sold it Friday, was a big one my best trade of the earnings season, went up 75% or so after entry, that was one of the few lcap names that made big moves.
• ISEE up on bad APLS data.
• BTCM several great setups, had a 5* setup here [20/8/2021] and this is a 5* setup [31/8/2021]. If you didn’t identify this setup the day before you should either stop trading or work harder.
• HUT was another one [27/8/2021] I’m telling you guys small account edge, so many setups, you can compound so fast.
• A lot of things are rolling over, fewer stocks are setting up and going higher, unless we get a big breadth thrust I’d be very cautious, it’s easy to get chopped up in a very low breadth environment where the indices are kinda grinding higher but very few stocks are.
• ATER is gonna be short watch for tomos, it’s not extended enough yet, and this one too had a 5* setup [9/9/2021] maybe not on the daily but on the 60min look at the hls and how tight it got.
• CEI another one didn’t really have a setup on the daily but on the 60min it got really tight just below the dollar mark.
• URA has been extreme, unfortunately I’m not participating but hopefully in a few weeks we get some sideways, MAs catch up and we get a flag.
• TQQQ oh wow things are really tanking now.
• SPYs I hope we get a proper wash out like 10/15% get the SPYs to the 200day then a end of year rally. We’ve been bouncing off the 50day 7 times in the past 9months, could potentially get an 8th time in the next few days, and one of these days it’s not gonna hold, and I think there’s a lot of market participants that may not be prepared.