Today in Focus: End of Quarter Approaches

Trading Services I Use in my Trading:

StockAnalysis.com - I’ve been using Stock Analysis as an affordable but reliable method of looking at New and Upcoming IPOs, Earnings Calendars and most notably KPIs (Key Performance Indicators). Stock Analysis allows you to view the KPIs for many companies with up to date metrics and segments that you can cross reference against Earnings Results. This is incredibly important when understanding what metrics move a stock. At $65 per year it’s a no brainer. They’ve given me a discount code if you use IRISHBORNINVESTOR they will give you another 10% Off.

Market Condition: Market Under all MAs. Significant gap down, VIX Rising

Commentary: We are very much now in a downtrend market. Range bound action is broken. This is not the market to add risk. We are essentially in no man’s land here. Trump tweets without substance will not effect the market much. Any announcement would require real substance to alleviate selling.

Today is almost certainly a no trade day for me and now I am focusing on managing existing positions (with my sell rules) and buying the TQQQ on a real T2108 oversold moment. Everything in between is likely noise. The market will continue to become more correlated and more suited to day trading. For those who want to swing patience is very much required here. These are not suitable conditions for individual stock swings.

My risk has been drastically reduced with final stop outs and trims across open positions.

Tuesday is the end of Quarter. This will be important. We will see rebalancing and degrossing up to that point.

Less is more, defend the lead.

New Positions: KOD

Current Positions: FSLY, DELL, SWBI, YOU, CRCL, MRVL, AMPX , NIO, KOD, ARM

Closed: SEI, NKTR, NBIS

Delayed Reaction 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.}