Plan for Jan 31 EOM Friday
Weekly Wrap, DeepSeek Crash on Sunday to Market back to ATH on Friday
Lot of activity this week with DeepSeek Crash on Sunday, FOMC and major tech earnings, now all that is behind, we are back to near ATH reversing all of the DeepSeek flush.
Here is what we did today. We Longed 92 →08, Shorted 86→ <60 couple times then we stayed out until Mexico/Canada tarrif news gave us 86 short to 70’s again. Now we are back above our marker 96 and its long as far as we are above that.
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Econ for Week
ER for the week
Night session Trading Suggestions:
I suggest to not trade night session from 10 pm to 2 am chop. If action has to happen than it will happen before 10 pm or after 2 am EST. You can generally play short on top level provided for nightly range and long on lower level of nightly range after 2 am or 3 am. But get out of the way if it rips or drops thru levels and wait for new opportunity or flip. And of course never add to loser and better yet cut it and reset.
Remember: I never short above or long below my marker. I wait for it to pause before it or come back to it from rip/dip and pause before executing.
Never take position before Econ like CPI Or FOMC. After econ watch for levels where it stops and how it interacts to decide long or short.
Recommended stop: -2 and go to BE on +2. Some ppl who can't reenter shall chose -3.5/4.
Scale out: 2 lots at +6/8, 3rd at +10/16, 4th leave runner at BE
Big picture: > 5700 this remains bullish.
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