Stocks mk1

While at this stage I'm keeping my exposure risk very small; under 10% of trading capital in use at any time.

Currently using less than 5%.
 
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If I can make progress then will increase position size and top up the account as needed.

If continuing with overnight trade strategies then will consider limited risk structures.

For now following the plan is the priority.
 
Open position review:

EXPD:
Entered short at bottom of range in up trend. It narrowly missed my stop this morning, which is at 42.64. I'm not so bearish on this now. I'm betting on it breaking down rather up out of what looks like an ascending triangle.

DATA:
Entered long - liking the price action above the 70 area. Also like the uptrend on the daily. The large down day Monday not so good. It is now looking to go one way or the other from 73.

EGN:
Short from 77.5. Primary trend is up. Secondary trend is down. Into resistance yesterday and today. Now thinking waiting for more confirmation would have been better.
 
Federal Funds Rate

fed-funds-rate.png


Yellow: forecast
Blue: actual
 
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JTrades said:
Some stats/general observations (delayed and inaccurate):

For constituents with average daily volume >= 100k:

3951 in total

2542 rising
1205 declining
More...

As of close yesterday:

3933 in total

2257 rising (57%, down from 64%)
1472 declining (37%, up from 30%)
 
DATA could push higher through 73.5 or reverse. Stop is currently below 72.

EGN working, but expecting a bounce up off the 76 area.

EXPD weak vs the market, but not by much. Could go either way.

Not even 15 minutes into the session. Anything could happen.
 
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