MOMO---I had a few scenarios for this stock. The green to red scenario came to play here but wasnt quite the strong move of the day. The ma200 is what I will focus on more next time. Not simply the ma200 itself but levels of potential strong support. What we saw here today was somewhat of a fake breakdown on the g/r move followed by a powerful push higher that signaled we were in for a reversal. You could very well have waited for this reversal and gotten in long at the pullback before the continuation move in the direction of the new trend. So what could I have done better? Account for the fact that the ma200 was sitting right there and that it could be used as a support. Many times reversals will occur after a fake breakdown of a support level , this was the case here. Take a look at the intraday chart.
WTI--- now here was the big one today. As I said in my watch list blog last night this one could keep on going out of the gate, wait for the lower high situation for the short. And this is EXACTLY what happened. That is why it is so important to have your plan written out.
TSEM---Not much happening here today. In the long run just a consolidation play here. Not much bias to either side.
PIR---Another good trader today from the list last night. If you had a buy stop in you couldve gotten in pretty early but there were a few other entry options to get in. Not the best flags to get in but still worth the risk
ATW---This was one more great pick from yesterdays list. Strong push here in the morning and an opportunity to get in on the sideways consolidation we saw right after 10am
GME---This one was a little tricky to trade because it pushed up at the open but then pulled back. This pullback could have been used to enter some more long as it never pulled back below the low of today. After that we made some higher lows and grinded up for the rest of the day. Not really a great trader
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