Trade Plan for 10/15
What. A. Day
An absolute monster day today so I feel pretty good about my return from vacation. I did say we would be doing more and more swings and so far they’re off to a pretty good start.
The SPY 0.00%↑ swing from 5720s/30s effectively reached out major target of 5920 today (5918.5 high of day) for those of you that were able to stick with it through the early chop.
The Bitcoin swing absolutely ripped today and could not have been timed better. The 60-61k adds were only briefly underwater as price came into out 58.2-59k buy zone. I unfortunately missed those adds walking out to the beach, but I hope some of you nailed it. I still believe that we have perfectly timed the entry for the move to a new all-time high though I get a little cautious into the next couple of days in general.
Our OKLO 0.00%↑ swing went bananas today after our adds on Friday near low of day. It is up 7% from our $9.4 average as of the close and is still moving big time after hours. I’m targeting $12.2 as a major target from this sequence if buyers can sustain a bid above $10. I made this joke on X as we bought what may have looked to some like a head and shoulders. One can see how well that worked out for sellers. OKLO is going to zero. I think I'll buy it.
This was a major volume profile range, call it 8.9-9.14 and it reacted as expected.
We added LULU 0.00%↑ today near the lows and it saw an immediate rip higher today
We still have GOOGL 0.00%↑, AAPL 0.00%↑, VALE 0.00%↑, NMM 0.00%↑ , MO 0.00%↑ , CCJ 0.00%↑ , TLT 0.00%↑ , and TMF 0.00%↑ commons, and added a spec play in JOBY 0.00%↑ today. TLT and TMF are essentially flat, MO and JOBY are slightly red, and the rest are comfortably green.
For the day traders the planned long setup played out overnight and from there it weas a true gap up and go long. A second chance opportunity was called out in the Discord for those that missed.
The weekly post should be reviewed prior to this. Link to The Week Ahead
I am seeing signs of something that gives me caution here into the next couple of days. We don’t need to front run a short though I called out the addition of a small starter hedge today. We have a lot of long exposure and there’s no need to ride unprotected with these warning signs