02/14/2024 Market Recap

[Cobra]

Still the same story: Bears cannot make even a follow through no to mention a good one.

I'll give bears one more day but frankly the bull bar today looks good so likely bears were over. Looks to me, this market actually doesn't care about the rate cut, it's something else to make it up and up like no tomorrow.

[Cobra]

Basically a range day.

DISCLAIMER:

The trading log above is meant for myself only which main purpose is to help improving my market sense.

• My blah blah about how the market would go in the next dozens of minutes everyday in this forum, is a way to force me to focus on the market, because by speaking loud, if the prediction is wrong, I'd be embarrassed, which of course I'd like to avoid as much as possible.

• Day trading is not my strongest point. Just for the same pattern, it can repeat frequently on the 5 min chart while on daily chart it may take months to appear once and another month to know whether the idea of trading such a pattern is right or wrong THIS time, so practicing on the 5 min chart is a fastest way to learn to trade.

• Day trading inevitably would have good days and bad days, it's a part of the game. If I always have good days, it means I'm either lying or already the richest person in the world (then why I'm still trading?), so please don't blame me for making any bad calls. The log is for myself only, not meant to be followed.

[JFR]

The Four Horsemen of the stock market.

DIA, QQQ, SPY all trend up.

IWM flat.

All getting a bounce off the EMA 20.

[JFR]

Alternative markets.

Big picture.