Preying

I was spot on with the XLY sector yesterday. As shown below, it was the second one with the largest return. While XLB didn't have the greatest return, it did end up in the positive. As for XLF, it was a mix, there was a bit of a push in the earlier hours and then drew back, though tomorrow may be the last day before the reversal.

So I'm tracking JPM as a result of waiting for XLF's reversal. Looking at the above, it doesn't entirely screen green day for tomorrow, but who knows, maybe there is a reversal in the middle of the day. While I'm not trading something new at the moment as I'm observing alone, I do think tomorrow's prospects are:

• XLE - High buying volume still negative return.
• XLC - needs reversal from 90% seller pressure from today

JPM is having that rising wedge, we see it's closed slightly above the 21MA, which pushes confidence for me for it to rise. Will it absolutely hit $340 tomorrow, perhaps not, but it may get pushed to at least $338

I'm trying to find a better approach for the individual stocks, I've found that this is where I'm struggling the most at this moment. While intraday is sweet, my current approach can be risky and for the most part it works during the opening 30 mins, which I absolutely do not trade.

I'm watching the market right now, when I find the edge, then I'll execute. I feel it getting closer, and once that's solved, I can't skip the analysis and have clean executions. Tomorrow I'll talk about the 5 day charting for proper entries, depending on how JPM performs, else, I'll use a different example from the ETFs that dominate tomorrow.