Medium risk trade:
Buy Microsoft @ 35.9 (stronger support) or 36.0 for 30 minutes expiration if it stays above, wait for it to return closer
Microsoft broke above resistance @ 36.0, failed to stay above & dropped back but tried again & is staying above
Buy Netflix @ 330
Buy Apple @ 530
Buy Amazon @ 360 (2nd possible support @ 365 but might be too high)
Buy S&P 500 @ 1755
All for 30 minutes expiration if they stays above, wait for them to return closer for a higher chance to win
Sell Boeing @ 130.0 for 30 minutes or less expiration (5 minutes preferred) if it stays below
Risk: It might break above 130 later
Buy S&P 500 @ 1754 if it stays above & go higher, for 30 minutes expiration
The market continues to be unstable, S&P 500 dropped below 1755, Buy S&P @ 1755 becomes invalid, possible rebound @ 1753.31
Wait for it to drop back, buy around 1754 if it stays above & go higher
Buy S&P 500 @ 1754 if it stays above & go higher, for 30 minutes expiration
The market continues to be unstable, S&P 500 dropped below 1755, Buy S&P @ 1755 becomes invalid, possible rebound @ 1753.31
Wait for it to drop back, buy around 1754 if it stays above & go higher
Results:
All stocks returned closer but broke below supports & became invalid as we mentioned that
"The market is quite unstable today, earnings reports are strong but most economic news are bad, trade less & more cautiously
Stocks shot up after the last bad economic data at 10am EDT
Wait for them to pull back & return closer to our target prices then buy if they stay above"
Buy Microsoft @ 35.9 (stronger support) or 36.0- invalid
Microsoft dropped below 36.0 again
Buy Netflix @ 330- invalid
Netflix dropped below 330
Buy Apple @ 530- invalid
Apple dropped below 530
Buy Amazon @ 360- invalid
Amazon dropped below 360
Sell Boeing @ 130.0- invalid
Boeing broke above 130 even when all stocks are going down
Buy S&P 500 @ 1755- invalid
S&P 500 dropped below 1755
Buy S&P 500 @ 1754- invalid
S&P 500 broke below 1754 although it expired @ 1755.40 at 11:30am EDT
We'll not count this as a win because it became invalid & not safe to trade
Conclusion: The market was chaotic today as earnings reports are strong but most economic news are bad
S&P 500 also unexpectedly reached 1759.77 at the end of the day
We've already mentioned that we should trade less & more cautiously
No trades should be made today as all signals became invalid due to irregular market movements
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