PrimeTrading daily Update & Focuslist - 03/22/22
Welcome to another PrimeTrading daily Update & Focuslist! This Newsletter is a daily publication where you’ll be able to get how I’m invested, along the names with precise entry points I’ll be looking to potentially enter tomorrow.
You’ll find the following information:
Market quick review
Portfolio update
Market exposure
Daily Focuslist
Trading style:
I am a techno/fundamentalist swing/position trader. I’m a looking at a few days to few weeks timeframe for the bulk of my trades, but trying to keep the last portion for a bigger multi-months move if possible. Keep in mind this information if trying to replicate my operation. (Which you should not do blindly)
Enjoy ! ✌️
Disclaimer: This newsletter is not financial or investing advice. The information is for education purposes only and reflects only my own operation.
Market REVIEW
After a very strong push last week, a pullback/breather was to be expected specially to begin the week (that lower wick to appear by magic! :)). I really liked how we were able to hold the 50dma on all indices. Bulls showed up to support the market after Jerome Powell remarks, and that’s very positive.
Breadth pretty much unchanged but a positive Net new highs in both 52W and 1M timeframe is a nice addition to this light red day. That’s how we want to react during a rally, stocks pushing even on a down general indices day.
I would not be shocked to see another range day tomorrow.
Sectors:
Metals, Energy really lifted the market today.
I noticed a lot of Shippers, Gold & Silver miners & Solar names setting up tonight during my charting time. Let’s see if they can materialize tomorrow.
Portfolio UPDATE
New positions:
GOGL (Wedge break off the BO50PB setup)
MP (Jumped the 47.3 pivot alert a bit when I noticed early day huge RS in the name)
Trimmed positions:
BTU (1/2 pos)
MOS (1/2 pos)
SLCA (1/2 pos)
Closed positions:
None
Market EXPOSURE
Based on my 3 model metrics, you'll find the current market exposure I'm aiming at having right now. Can change quickly as we're at an inflexion point right now (50dma)
Daily FOCUSLIST
REFERENCES
Feedback!
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