Trade Review - JNPR - April, 24

Stock Selection Information

UPDATE: BMO Capital Markets Lowers PT on Juniper Networks on In-Line Results
Had it´s earning´s released yesterday after the market close. The reaction to that was the stock trading lower.



Watch List Reason - Earning yesterday after the market opened
Pre-Market Volume - >15%
Trading Plan - Shor the stock below 16.00 support area

Management

Entry Setup used: Open Range Break Down


Trading Comments

Tape reading skills - Seller identified at 16.10 and buyer identified at 15.95. When buyer dropped, I hit the bids adding to the position.
Big buyer was also identified at 15.91 which caused me to close half of my position. 

Evaluation

The trade was well executed, but I could´ve load up with 300 when it lost the 15.94.
Also could´ve waited it to reach my target to close the core position at 15.75 and not 15.82 as I did. Just need to correct these things to improve my trading. 
No comments:

Daily PM Prep - April, 24

** Preparation for Closing Session **

MARKET CONDITIONS



SPY - Market is in a sideways movement above 157.25 suggesting that it is holding this level. The up trend line should also work as a support to this up move. As long we are above 157.25 the bias is bullish and since it consolidating now, neutral bullish. If we go below 157.25 bias will change to bearish. The break of this consolidation is too happen today afternoon, most likely tomorrow.
Bias: Neutral Bullish
Accuracy: 100% - market closed near the trend line. Did not do much in the afternoon.

PM Stock Selection Sheet download
Updated at 13:30

Want more information about the Stock Selection Sheet?
Legends - Click me
Read this before using the information provided in this page:
1.Educational purpose material only. Use this information at your own risk. 2.Stocks may be added to the selection sheet at any time. They are used as a guide to select which stocks I will trade and set alerts . It does not mean that I follow all of them, that would be crazy.3.The Accuracy information is for my own use only. It is reviewed after I am done trading. This is just a way for me to measure how is my reading of the market and my confidence in it. I suggest you develop your own way to do this.4.The afternoon sheet will be updated between 13:00 and 14:00
No comments:

Daily AM Prep - April, 24

** Preparation for Morning Session**

MARKET CONDITIONS

World Markets News: Asian markets closed sharply higher today with shares in Japan leading the region. European markets are higher today with shares in France leading the region. Core Durable Goods Orders (MoM)  to be released before market opens.

Economic Calendar



SPY - Market has closed above the 157.25 on a stronger movement than expected. This meas the buyer are still present and the fail break high is likely to be a range expansion. The prior range was 157.25 | 153.75.  The range extension is likely to be 159.25 | 153.75. When it broke above this range, longer time buyers where in control. When it fails the break, long term sellers rejected the prices, since it was a strong move. This range extension actually means a change of control from Intermediate to Long term control. For today we expect the market to respect the trend line and test the upper part of the range new range. This will help to delimit the upper part of the newer range.

Bias: Bullish
Accuracy: 80% as market is holding above 157.25 is likely to confirm the range extension.

AM Stock Selection Sheet download - a lot of names today. Main ideas are checked, but will be going to charts to find more good ones.

Updated at 8:30

Want more information about the Stock Selection Sheet?
Legends - Click me
Read this before using the information provided in this page:
1.Educational purpose material only. Use this information at your own risk.2.Stocks may be added to the selection sheet at any time. They are used as a guide to select which stocks I will trade and set alerts . It does not mean that I follow all of them, that would be crazy.3.The Accuracy information is for my own use only. It is reviewed after I am done trading. This is just a way for me to measure how is my reading of the market and my confidence in it. I suggest you develop your own way to do this.4.The morning sheet will be updated between 8:00 and 9:00
No comments:
Subscribe to: Posts (Atom)