🕰️ Recap : Trade, Learn, Reset
Today was a classic reminder: even on choppy days, the market teaches. We opened on shaky ground thanks to soft macro data, and I got clipped out of my $BROS position from last week. It happens. The size was slightly heavier than usual, so risk control took the wheel.
Takeaway: Stick to the plan. Accept shakeouts. Reset with clarity.
While I exited $BROS, I added $FROG and $META today on clean breakouts. The watchlist fired beautifully, reinforcing why prep matters.
🔑 Key Market Drivers
🏭 Soft Manufacturing Data: A weak print shook sentiment early, dragging major indexes down ~1% right at the open.
💻 Tech Resilience: But once again, Big Tech played hero — catching a strong bid and flipping the tape green. Bulls defended the dip with conviction.
🧭 Market Conditions
📊 Price Levels
$QQQ
Holding above the 8EMA & 20EMA.
Key Support: 505, with 500 as the line in the sand.
Breakout trigger: 524
Upside Targets: 539, then 549 (Inverse Head & Shoulders target).
Lose 505, then 500 ,and = Gap-fill lower. Break 524 = Go time.
📉 Breadth & Internals
The market may be green on the surface, but breadth is still sending a yellow light. Here’s the breakdown:
Conclusion: We're in a “selective participation” environment — breakouts can work, but not everything will run. It's a stock picker’s tape. Trim size, tighten risk, and let setups prove themselves.
📅 Key Events
$CRCL IPO on June 05
Economic Calendar:
Earnings :
📌 Sources: EarningsHub, TradingView
🔮 Stocks of Interest (SOI)
I’ve shared my dynamic stop strategy before:
LOD Stops = More size
below demand zone stops = Starter size, scale in as support confirms
Let’s dig into the setups I’m watching closely.
🔮 Charts
QQQ
META
WMT
FROG
DDOG
COIN
JPM
ONON
SMR
BROS
CORZ
AMZN
MGNI
TOST
NRG
OKLO
🚀 Crypto Corner
₿ Bitcoin printed a high-handle structure — could be a setup for higher. I’ve locked gains near $105K. Watching closely for confirmation before reloading. Until then, patience is the edge.
🧠 Final Thoughts
Discipline > Predictions
With breadth soft and internals murky, it’s a time to protect gains, size down, and wait for clarity. Progressive exposure!
See you back here tomorrow. Trade well, and stay sharp.
⚠️ Disclaimer⚠️
This analysis only reflects my personal trading journal—how I’m thinking through and navigating the market. It is NOT investment advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions.