Traders:
A quick recap of the session followed by what I am watching tomorrow.
A) Session recap:
Per the trade plan from yesterday, the primary expectation was if we opened below 4695 and traded down to 4675 area, the dips may be bought. Well we did trade down to the 4675 area, however that trade happened over night and the dips were BOT in the Globex session for the US RTH session to open above 4695 at 4702.
We came down to the 4695 order flow pivot a few minutes into the RTH open, and the level supported the market well for the first couple of hours; providing a few small zippers.
After that the volume just died off and we drifted all day between 4687 and 4700, ending the day at 4690. Overall this has been a theme for a couple weeks now: overnight volatility followed by Cash session lull.
Now let us review key information provided by the market throughout the session.
However, before we get there, I made a few changes to my TOP stocks which I provided here earlier: Tic TOP 20. For those in a hurry can skip to section C for E-mini Summary for tomorrow. Section D has a couple extra EPS plays which I am watching.
Some of the updates were tactical as some names like LCID & RBLX are up 20-25% + while others like APPS fell more than my threshold (17%) . I may jump back into these but depends on if support holds or not.
Specifically , I decided to cut APPS which fell 17%, COST after it rose 5%, LCID after a 25% move up and PLTR for a 4% gain. I added a few names which have now been updated in the list.