Friday, August 16, 2019

What's the Plan






















PLAN looks like a good setup for me, in the first 30 minutes of trading it has already done half of its average volume and is trading at a decent range relative to recent past. But the problem is that it hasn't announced earnings yet and the estimated earnings announcement date is on the 27th. That is too close for comfort for me.

Other than that, my watchlist seems quiet and no activity has taken place. Not initiating any positions yet just being patient in this choppy market.The SPY is gapping up again as of this moment. It's hella confusing but would like it to take out swing lows so it can go back to $272 where we can either get a solid tradeable bounce.

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