Traders,
Even though the SPY has hit my third and final target…
I am not done trading. I will continue to buy stocks when my indicator gives me the signal. Yesterday and today, I received and reviewed four more buy signals. Let’s start with yesterday:
I received the buy signal on Amazon. At some point, before the close, I picked some up. The stop is very tight. Just below that last pivot low. The remainder of the details you can find in my stock tracker below.
Then today, I spotted a few more entries that were previously signaled, and I am willing to enter. Again, I am entering with tight stops. Just like the Amazon trade above, you will see that all of these trades had, at some point, given me a “BUY” signal inside a buy-side liquidity block. These are the trades that I can’t pass up, as I don’t receive these signals very often. Here are the charts:
Earnings reports are due out on all of these (Amazon, Spotify, Paypal, and Cognizant) within the next week or two. I can’t help but wonder if the institutional buyers that are helping to create these large buy-side liquidity blocks know something we don’t. They usually do.
Here are all the details of these trades: