Daily Plan 1/31/23

Month end

Jan 31, 2023

Hi guys -

Per the weekly plan and the AM chat today, my thinking was that if we get an IB close below 4070, we could go retest some of the recent levels around 4030.

This was quite alright as not only was the session high around 4070 today BUT also the session low was 4030.

Overall, not a good day for the stocks and we saw a pretty wide angled sell off across the board.

My key levels for tomorrow :

My key levels for tomorrow will be 4020 and 4070.

Scenario 1: Unless we close above or below either of these, I expect to see more balancing. For further sell off or for a rally from here, I think I need to see an intraday close below 4020 or above 4070.

At the time of this blog, we last traded around 4035.

If trend day develops, I may share an update here in the chat room below in the AM:

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Refer to the weekly plan below for insights into my longer term thinking:

Tic Toc Newsletter

Weekly Plan 1/29/23

“The dilemma is this. In the modern world knowledge has been growing so fast and so enormously, in almost every field, that the probabilities are immensely against anybody, no matter how innately clever, being able to make a contribution in any one field unless he devotes all his time to it for years. If he tries to be the Rounded Universal Man, like Leonardo da Vinci, or to take all knowledge for his province, like Francis Bacon, he is most likely to become a mere dilettante and dabbler. But if he becomes too specialized, he is apt to become narrow and lopsided, ignorant on every subject but his own, and perhaps dull and sterile even on that because he lacks perspective and vision and has missed the cross-fertilization of ideas that can come from knowing something of other subjects…

2 years ago · 185 likes · 52 comments · Tic Toc Trading

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In other news

LCID

Current momo darling LCID saw a sell off about 8% today to settle below 12 bucks.

I think if 11 area holds on this could retest 13-14 area.

This is it from me for now. Have a great day tomorrow !

~ Tic

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Daily Plan 1/31/23

Month end