RECAP 08/06/20

 

$AMPE I got out at red to green fail. Looks like that was the best choice. 

 

$MARA took profits before I left for work. Multiday breakout. Beautiful setup, too. 

Higher lows over two days, ascending triangle. Exactly what I look for. Plan was to 

hold it PM to PM, but before I left the house, this feeling was eating me alive: I 

needed to exit the position. Had to boot up my computer, fire up the platform, and

get out. I was almost late for work. 

$RIOT followed, but with less oomph. 

 

$BAR still BA. No break, but higher lows.  Thinking about getting back in.

$KGC, $HMY, $AUY all fell off - nothing to see here. This is why if I'm going to trade

gold long term, I would prefer an ETF that tracks the spot price, rather than a company - 

to be fair there's more opportunty with the companies, but the commodities make more sense

to me. 

 

$SLV... just... holy crap. Can't chase now. Talk about missing out. 

 

$KIRK held red to green, but didn't breakoutl. Watching for cup and handle.

 

$IZEA did break two, but not by much. Then fell off. I really don't trust this stock.

 

$EMAN Like I said, too much too fast. But It'll be on my watch until it breaks under 

1.35. 

 

WATCHLIST 08/07/20

 

$BAR $SLV both at highs and pushing. Worth watching for dips. 

 

$IZEA look for Midcandle Breakout. Ad company reporting tangential Microsoft relationship

 

$MARA $RIOT look for bounces off the bottom, higher low patterns at highs. 

 

$KIRK looking for cup and handle at 52 week highs. 

 

$BNGO testing highs on COVID news. Watch for 95c break. 1.05 top. 

 

$ZSAN 26 week breakout on news. 

 

A lot of stuff ran today, but I can't explain most things. If I can't explain why it's

running, I don't trade it. I know this list is a little scant and undetailed compared

to my usual. I'm not feeling particularly convicted about anything. Tomorrow is Friday, 

so be more cautious in the morning. In the afternoon, look for stocks to reclaim VWAP

and push highs. Friday afternoons can lead to killer short squeezes.