Ketchup Mode

After a bumpy start to the week the Nasdaq is back to where it opened which is still a touch lower from where we left it last Friday.  Despite the comeback, my book has not, yet.  Part of the lack of catching up is the result of bottom ticking three, I say three of my positions when I stopped out.  Jokes aside, pull up a chart of V, NMBL, or BABA and look for the exact swing lows if you want to timestamp my exits.  It ‘feels’ pretty lousy taking your exits at these prices, three times, however they would ‘feel’ like smart decisions if the prices had continued lower.  I can take solstice in adhering to my plan, a plan which yields me consistency, and turn an eye to managing other positions and scouting new ones.

The buyers showed up after The President wrapped up his speaking at the UN summit however attributing this move to the talk or any other news event is a guess at best.  Something motivated buyers and they pressed prices back up through the well-established VPOC at 4066.  They suspect the value is higher and snatched up perceived discount prices.  They now have their eyes on the weekly gap above.

There are plenty of positions working, now it is just a matter of their options coming back to life.  Nothing is really jumping out at me to buy right now, but I am continuing to scan for some setups into the back end of the week.