Today in Focus: Patience on the Gap

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Market Condition: Large Gap Up, Caution

Commentary: And Just like that we are back above the 10/20. Large gap up. Mixed participation in stocks from what I can see. MU earnings were obviously incredible and guidance was huge but after a massive run it’s not that big a shock to the market. I got long MU last night after hours as it gave an opportunity but it’s for shorter duration and I’m more cautious here this morning.

Wait to see what the market does and if the rest of the sector participates. Could easily get another fade here considering the volatility. I don’t see any other catalysts this morning that fit my criteria in terms of chart, price action and catalyst.

The market is wide and loose right now. Patience is key no chasing required.

Current Positions: DELL, APPS, QURE, DFTX, MU

Stocks in Play Watchlist (TradingView Link)

_{Note: This is my methodology for identifying stocks in play. There are many valid approaches to trading catalysts—find the setups, timeframes, and risk parameters that align with your strategy.}