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 6/9
THE MARKET PICTURE (5-pillars checklist)
1. $QQQ Price Action — risk-on (fragile)
QQQ reclaimed above Friday’s low and back above 21dma-structure on QQQE — double reclaim setup, U&R potential confirming
Today’s low is the line in the sand. Bar character was capitulation-then-reclaim — constructive, but needs vol to calm before I trust it
2. Breadth Regime — neutral / setting up
MCO oversold with QQQE holding 21dma-structure — that’s the exact setup I want when the tape gets ugly
LLs same story: holding 21dma-structure with MCO & breadth ext. oversold. Follow-through is the tell
3. Internals — mixed
Credit Spreads spiked and got rejected, closing below yesterday’s high — not giving the big risk-off signal despite the volatility. That’s a tell
VIX same story — spike & reject. Internals are saying the dust might be settling faster than price suggests
4. Liquid Leaders Action — risk-on
ARM, NBIS, COHR, AMD all confirming the reclaim — liquid leaders are the merchandise showing relative strength here
Semis own the leadership board: Memory, Power, Analog, and Equipment all coiling at 21dma-structure with broad constituent participation. Transition phase, but the rotation’s intact
5. Portfolio & NER Feedback — neutral
Stress-test day that turned constructive into the close
Action: NEW: $CRWD, $AMD / ADDED: none / TRIMMED: $AMD (1/3 at 2R into the close) / CLOSED: $GFS, $LITE
NER -1.52%, NE Delta -1.62%, Open Heat -4.21%. Small NE Risk open on the new entries — exposure belongs in this transition phase, but only because 90% of positions closed back in structure and most above Friday’s low
THE GAMEPLAN
Make-or-break day. Today’s lows on the shakeout and the U&R need to hold — that’s the line in the sand. If QQQ, QQQE, the liquid leaders, or my book start breaking today’s low, that’s a cash event and I’ll be closing exposure fast. CPI prints tomorrow morning, which makes this even more binary.
But I’m going in with an optimistic mind first. The setup is there: shakeout, undercut & rally, oversold signal still live on the LLs, 90% of positions reclaiming structure, internals rejecting the risk-off signal. That’s the merchandise showing up when the tape gets ugly — exactly the texture I want to see.
The make-or-break pillar is $QQQ Price Action holding today’s low. If that holds and breadth follows through, I’m engaged and looking at the Focus List for structure-buys on any orderly pullback. If today’s low breaks — especially on a CPI gap-down that can’t reclaim — I’m reducing fast, no stress, no ego. Cushion on cycle is the only reason I’m carrying anything overnight. Open-minded both ways.
TOP IDEAS FOCUS LIST
Below today’s low it doesn’t matter — but if we follow through on the U&R, these are the names sitting at or above rising 21dma-structure that I want to see set up cleanest:
$BE (19) — Industrials / Electrical Equipment
$DOCN (54) — Software Infrastructure
$TTMI (172) — Hardware / Electronics Mfg
$INTC (202) — Semiconductors
$AMD (224) — Semiconductors / AI Infrastructure
$NBIS (361) — GPU Cloud & HPC
$NVT (644) — Electrical Equipment
$POWI (1031) — Power Semiconductors
$ZETA (1114) — Software Application
$GFS (1185) — Semiconductors
$CRWD (1211) — Software Infrastructure
$ANET (1249) — Computer Hardware
PORTFOLIO UPDATE 6/9
Hey guys, what a day. Was ready for some chop after Friday’s selloff — ideally sideways, retesting Friday’s low. Instead we got hard selling again, NDX down 4%+ intraday, before buyers stepped in hard into the close. Mixed bag, but the afternoon might have been very constructive.
Market picture
QQQE holding the 21dma-structure with MCO oversold. LLs same story — holding 21dma-structure with MCO & breadth ext. oversold. That’s the setup I want to see when the tape gets ugly.
VIX spiked and got rejected, same on CS with a close below yesterday’s high. CS not giving the big risk-off signal despite the volatility — that’s a tell.
So all in all: today could have been the capitulation move on the pullback that started Friday. We’re in the 5-6% range now, pretty typical. QQQE confirmed close above 21ema & Friday’s low, QQQ above Friday’s low for the double reclaim, AMD same story confirming a potential U&R. Oversold signal back on the LLs. Setup is there for follow-through tomorrow — but we need vol to calm first.
On my book
NER at -1.52%, NE Delta -1.62% — small NE Risk open on the new entries. Open Heat at -4.21%.
Took CRWD and GFS in the AM trying to play the bounce, cut GFS same day for no traction (-5.1%), kept CRWD. Also cut LITE below SL (-5.7%) — managing risk on a name that wasn’t holding. Then re-engaged with AMD in the afternoon on the U&R setup, trimmed 1/3 at 2R into the close to lock in some cushion.
The reasoning: 90% of my positions closed back in structure and most above Friday’s low. Liquid leaders are the merchandise showing relative strength here — ARM, NBIS, COHR, AMD all confirming the reclaim. That’s where exposure belongs in a transition phase. Risk is still there though, so if you don’t have cushion on cycle, no stress reducing exposure and being safer — that’s a perfectly valid play here.
Will assess tomorrow if we can follow-through on the U&R setup and get a real bounce.
Good luck guys ✌️
Today’s action
NEW: CRWD, AMD
ADDED:
TRIMMED: AMD
OUT: LITE
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Themes Lab — 6/9 🧪
Top-down read on where leadership lives across 180+ market themes, ranked by RS and filtered for setups coiling at the 21dma-structure area.
LEADING THEMES (RS)
• Memory — RS 92 (#1)
• Power Semiconductors — RS 87 (#2)
• Semiconductor Equipment — RS 74 (#3)
• Analog Semiconductors — RS 70 (#4)
• AI Servers & Hardware — RS 74 (#5)
Semis sweeping the top of the board — Memory leading at +74% 3M with all five constituents coiling sub-RS 100, and Power Semis breadth running just behind.
TOP SETUPS @ 21dma-structure area
• $SNDK 100 — Memory
• $MU 100 — Memory
• $ARM 100 — Analog Semiconductors
• $DELL 100 — AI Servers & Hardware
• $STX 100 — Memory
• $NBIS 99 — GPU Cloud & HPC
• $AMD 99 — AI Infrastructure
• $ALAB 99 — Connectivity Semiconductors
• $LSCC 97 — Analog Semiconductors
• $LRCX 98 — Semiconductor Equipment
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, $MU, $STX, $WDC, $RMBS all setting up (5 of 5 leaders)
• Analog Semiconductors — $ARM, $LSCC, $ST, $AMKR all setting up (4 of 5 leaders)
• Electronics Mfg Services — $CLS, $FLEX, $TTMI, $JBL all setting up (4 of 4 leaders)
• Semiconductor Equipment — $LRCX, $TER setting up (2 of 5 leaders)
• Power Semiconductors — $ON, $STM setting up (2 of 2 leaders)
• Connectivity Semiconductors — $CRDO, $SMTC setting up (2 of 3 leaders)
• GPU Cloud & HPC — $NBIS, $DOCN setting up (2 of 4 leaders)
TAKEAWAY
Tape is risk-on and semis own the leadership board — Memory, Power, Analog, and Equipment all coiling with broad constituent participation. Watch Memory and EMS for the cleanest breadth-driven follow-through; AI Servers and GPU Cloud round out the rotation.
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, MU, DOCN, LRCX, UCTT, MKSI, CAT, TTMI, TIGO, SMTC, VIK, NBIS, PENG, ACMR, AMKR, ORA, CORZ, MOD, AA, ON, ST, AVT, OUST, RMBS, CDNS, PANW, BURL, SKM
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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