Session recap and signing off..
Good week for orderflow
This week was very good for me in the sense I stayed on right side of the markets, whether that was the equities, crypto or TSLA: that is to say I stayed consistently bearish from last Sunday.
Specifically in TSLA I was bearish after their record breaking deliveries at 1200 because I wanted lower prices to reenter. At time of this post, TSLA is trading about 200 handles lower at 1020 with room to spare.
I was bearish on big Tech, for example I cut GOOG at 2920 which again proved to be the right move , as GOOG is now down 200 handles lower at ~ 2720.
I was bearish on Bitcoin at 52000 which has now shed about 20% of it’s value now trading sub 42000
Obviously I was bearish on S&P500 at 4800 at start of the week, which is now down about 150 handles as well.
I shared all of these ideas with my sub-stack followers as soon as I published them so I hope every one else stayed on the right side as for most part.
Some other names did very well that I shared last night like PANW, BABA, TDOC, BYND etc . Even in bear markets, there is always something going up!
I was quite bearish coming in to the session. I had very clearly outlined my plan last night, see this link if you have not: My Daily Plan (Bearish) 1/7
I reiterated my bearish stance this AM after I posted my full NFP coverage around 4 AM, see this link: My pre-open NFP Analysis
I covered in detail why I think the rallies may be sold as FED in in a spot at the moment.
My downside targets were met for about 50 points in SPOOZ before finding a bid and rising about 30 handles. My target was the exact low in SPOOZ today.
A few minutes before open I issued warning about Nasdaq 15800 and S&P500 Emini 4700. Both of these turned out to be session highs before substantial drops .
Expect the weekly plan to be out sometime shortly. This weekly plan covers my main thesis for the next week, as well as some other themes and ideas I may be watching that week.
This week I will opine about crypto sell off, tech sell off, housing , food stocks like PEP CMG and touch briefly on oil companies.
For those of you who are new to my Substack, here is a sample plan and what to expect: Sample Weekly Plan
For students of the market, there is a whole lot to study. Check this email with some educational content. Let me know if this helps. ORDERFLOW EDUCATION
I am out for now, will be back with more.
Good luck, Tic 🍀
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