10 Days Out

I have not blogged in 10 days, nor have I executed any trades. I've been busy with work and had visitors for over a week, for whom I happily provided my time for. So, let's review a few things and prep for tomorrow.

While I didn't execute any trades, I did realize that I may have been a bit early on my calls. If this is true, then moving forward, I may considering holding contracts overnight. In the meantime, I'm working on putting things into a portfolio, where my analyses will be automated based on what works for me. So, in order to strengthen my approach even more, I am adding a 5 day volume index and relative strength for the sectors. With this new alterations, June 18's data gives us the below:

From the above, the volume multiplier index, tells us that when it is above 1.5x it is a bit unusual trading behavior (based on the last 5 days), where anything below 1.0x is unusually low, and 1-1.5x can be considered normal. From the above, for tomorrow, I'd really focus on the following:

• XLF - High trading volume, over-exhausted by nervous sellers therefore recalibration from big institution is coming in.
• XLC - 1.55x volume index with a 50/50 split between buyers and sellers
• XLRE , XLB, & XLI - Exhaustion from sellers, therefore, recalibration

Now, I can't trade all of them, so I'll narrow my options and go with XLF.

I will be considering HOOD as looking at the 5 minute chart shows the uptrend over the past two trading days. As shown in the chart, there is a resistance of $108, if the trend holds, we can expect higher prices.

Tomorrow I'll go in slow, after being out for 10 days, I don't wanna rush it miscalculate my next step. I'll take it one step at the time, and see how my adjustments to my analysis have changed the sectors.