Trust the Structure — Don’t Fear the Pullback
Pick one support structure — just one — and build all your rules around it. If you start using 3–4 levels, you’ll find a reason to justify any trade. For me, it’s the 21dma-structure — that zone is my anchor for pullbacks and trend continuation.
And here’s the key shift: when you buy near support, stop treating it like a cliff. It’s not a “last line” before disaster — it’s where stocks digest, reset, and build new ranges after extension. That mindset makes it easier to sit tight, let price chop, and trust the structure you picked.
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SITUATIONAL AWARENESS, GAMEPLAN, and TOP IDEAS 6/8
THE MARKET PICTURE (5-pillars checklist)
1. QQQE 0.00%↑ Price Action — neutral
$QQQE absorbing Friday’s selling, holding 21dma-structure with the gap-up. Didn’t see much follow-through to the upside either — sideways action, not resolution.
Weekly trend still intact. Character is digestion, not damage — but the one-day shakeout vs. start-of-something thesis isn’t resolved yet.
2. Breadth Regime — mixed
MCSI rolled below its 10dma on QQQE — short-term breath extension getting oversold. Watching for the hook back up.
MCO oversold and hooking up on Liquid Leaders side, MCSI still ▼ but the LL composite is short-term washed — the setup for a bounce is here, just needs follow-through.
3. Internals — risk-on
Credit Spreads (SHY/HYG) confirming the backtest — no spike, no follow-through, holding 21dma-structure cleanly. That’s the tell.
VIX spiked Friday but already mean-reverting — back at 18.93, no sustained fear bid.
4. Liquid Leaders Action — risk-on (extended near-term)
Semis running the tape — Memory, Power Semis, Equipment, Foundry all coiling broadly at 21dma-structure. Group leadership, not single-name.
AI Servers (DELL, ANET) and Connectivity (CRDO) the cleanest non-semi rotations. LL composite hooked up Friday — short-term oversold and starting to lift.
5. Portfolio & NER Feedback — risk-on (probing)
Constructive correction day — used the open weakness to reopen the cores I shouldn’t have closed Friday, then added new exposure on screaming RS into the close.
Action: NEW $CORZ / $LITE / $INTC — ADDED $ARM, $COHR, $NBIS (cores reopened) — TRIMMED none — CLOSED none
NER 1.25%, Open Heat 6.51%. Small new risk open to test the one-day shakeout thesis. Feedback-driven from here.
THE GAMEPLAN
The whole setup from here is feedback-driven. Friday was either a one-day shakeout or the start of something bigger — I don’t know yet, and pretending to know is how you blow up the book. What I do know is the structure is still intact, internals are confirming, and the LLs are short-term oversold with MCO hooking up. That’s a setup, not a thesis.
The make-or-break read tomorrow is the new positions — $INTC, $CORZ, $LITE. If they gain traction and I can derisk into the target, I’ll push NER higher and lean back into progressive exposure. If they stall or roll, that’s the tell — I trim, wait, and let the market set up further down the road. Not pushing margin, just gauging traction.
Posture is trust the structure, use progressive exposure. Defense kicks in if the new exposure can’t hold its risk, or if MCO rolls back over before MCSI confirms a turn. Until then, I’m playing the hand I’m dealt — small risk on, ready to scale either direction depending on feedback.
TOP IDEAS FOCUS LIST
These are the names I’m watching at or pulling into rising 21dma-structure — where my new exposure lives.
$BE (18) — Industrials / Electrical Equipment
$DOCN (43) — Software Infrastructure
$TTMI (83) — Hardware Equipment
$AMD (117) — Semiconductors
$INTC (134) — Semiconductors
$VIAV (240) — Communication Equipment
$NVT (527) — Electrical Equipment
$RKLB (530) — Aerospace & Defense
$GFS (903) — Semiconductors
$CRWD (920) — Software Infrastructure
$IONQ (987) — Computer Hardware
$ANET (998) — Computer Hardware
PORTFOLIO UPDATE 6/8
Hey guys, as discussed in the premarket session, Friday looked like a potential shakeout — and we got a gap-up this morning on the Middle East news to test that thesis. Played the open weakness to correct the weekend mistake and reopen the cores I shouldn’t have closed, same price.
Market picture:
Gap up held — that’s the good news. The flip side: didn’t see much follow-through to the upside either. So we stay in chop, absorbing the selling and trying to stabilize around 21dma-structure. Weekly trend still intact, so I remain optimistic.
QQQE still holding 21dma-structure. CS/VIX around 21dma-structure with VIX confirming a backtest — nothing to gain there, but at least we didn’t spike and follow through. Breadth hooked up on LLs, not on QQQ. MCO oversold and hooking up, breadth extensions doing the same — LLs short-term oversold and starting to lift.
So all in all, this looks like sideways action around 21dma-structure to build right side in the liquid leaders. I want to give it a few days to shape up.
On my book:
NER at 1.25% — small new exposure risk open to test the one-day shakeout thesis. Open Heat at 6.51%.
The play today was about correcting the Friday mistake first — reopened ARM and COHR cores at the exact same price I closed them at, and got NBIS cores back at 222 (same price out). Those go in the journal as the original trades for my mindset; they were open, they should have stayed open. From there, added CORZ, LITE, and a late INTC test into the close on screaming RS and leadership with that news. GFS got opened and cut same day on no traction — that’s the process working, no traction = no spot on the book.
The whole setup from here is feedback-driven. If new positions gain traction and I can derisk them, I’m back into progressive exposure. Not pushing margin, but getting fully exposed again if things work. If they don’t, I trim and wait.
Good luck guys ✌️
Today’s action:
NEW: CORZ, LITE, INTC
ADDED: ARM (cores reopened), COHR (cores reopened), NBIS (cores reopened)
TRIMMED:
OUT:
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Themes Lab — 6/8 🧪
Top-down read on where the real strength lives. 180+ themes ranked by RS, with the leaders coiling at the 21dma-structure area surfaced for follow-through.
LEADING THEMES (RS)
• Memory — RS 92 (#1)
• Power Semiconductors — RS 79 (#2)
• Semiconductor Equipment — RS 79 (#3)
• Foundry — RS 87 (#4)
• AI Infrastructure — RS 76 (#5)
Semis dominating the tape at +71% 3M, with Memory and Power Semis both above RS 90 on broad setup coils.
TOP SETUPS @ 21dma-structure area
• $SNDK 100 — Memory
• $DELL 100 — AI Servers & Hardware
• $ON 97 — Power Semiconductors
• $TWLO 97 — DevOps & CI/CD
• $POWI 95 — Power Semiconductors
• $NET 95 — CDN & Edge Computing
• $ANET 95 — AI Servers & Hardware
• $TSEM 96 — Foundry
• $LRCX 98 — Semiconductor Equipment
• $CRDO 98 — Connectivity Semiconductors
THEMES SETTING UP (full breadth)
Watch the themes where the whole leadership board is coiling at the 21dma-structure area together — that’s where the cleanest follow-through tends to come from:
• Memory — $SNDK, $STX, $WDC, $RMBS all setting up (4 of 5 leaders)
• Power Semiconductors — $ON, $POWI, $ALGM all setting up (3 of 3 leaders)
• Semiconductor Equipment — $LRCX, $TER, $ACMR, $MKSI all setting up (4 of 5 leaders)
• Foundry — $TSEM, $GFS, $INTC all setting up (3 of 3 leaders)
• Connectivity Semiconductors — $CRDO, $SMTC setting up (2 of 3 leaders)
TAKEAWAY
Semis are running the tape — Memory, Power, Equipment, and Foundry all showing broad leadership coils, not single-name strength. AI Servers (DELL, ANET) and Connectivity (CRDO) are the cleanest non-semi rotations to track.
By: @TradersLab_
LEADERS STALKLIST
Liquid Leaders Universe (top RS)
SNDK, WDC, BE, MU, STX, LITE, SATS, DOCN, VSCO, LRCX, STM, GTX, TTMI, MRVL, VSH, AMAT, CAT, VSAT, ASML, TSEM, COHR, ALAB, TER, KNX, AMD, AMPX, ATI, KLAC, ODFL, INTC, DELL, SMTC, STLD, MKSI, BWA, TKR, CIEN, CSCO, FLEX, FTNT, LSCC, FROG, VIAV, CENX, PENG, RAL, NBIS, FPS, GLW, MT
Liquid Leaders Episodic Pivot (EP) sorted by Gap (Potential new Leader/Catalyst)
None
Liquid Leaders 21dma-structure Pullback scan (LONG)
SNDK, WDC, STX, AAOI, DOCN, LRCX, TTMI, CAT, COHR, TER, INTC, SMTC, LSCC, GLW, ACMR, VIK, CRDO, CORZ, OUST, MTSI, RMBS, FLNC, RDW, INOD, ONTO, AVT, ALGM, GFS, ZETA, LTH, IONQ
REFERENCES
PT Wiki Is Now Live!!
After weeks of building, writing, editing, and organizing... I’ve finally wrapped up the Free PrimeTrading Wiki. This is the central place where I’ve documented my entire swing trading system — the mindset, process, setups, tools, and how I actually execute.
If you’ve ever wanted a full breakdown of how I approach the market day in and day out, this is it.
What’s Inside:
Alex's Swing Trading System – full framework, entries, sizing, market timing
TradersLab Scans – the exact filters I use to build my Focus List
Trading Psychology Reflections – key mindset shifts and lessons
Glossary of Terms – clear definitions so we’re all speaking the same language
Education Articles – deep dives on Risk Management and Market Structure
Education Sessions – recorded walkthroughs: system, TLMM, process building
Tools – my Trading Journal + TradingView scripts (21dma structure, ATR extensions)
The only piece still missing is the Discord Onboarding section — it’ll be added in the next few days. This project is for you — to help you understand the why, not just the what. Let me know what you think.
https://traderslab.gitbook.io/primetrading
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