26Mar3:17 pmEST
Final Hour Notes on a Slow Day
Apart from taking partial profits this morning in my UVXY long, I have not been trading much today as the market has been in a choppy range.
Regarding specific setups ICPT sure is distinguishing itself, seen on the daily chart, first below. On strength and into a market rally this one would be worth watching as a long idea.
Meanwhile, SNDK, seen on the second weekly chart, illustrates how momentum cuts both ways after strong uptrend. Clearly Sandisk is now on the other side of the mountain.
Also, if you can the CNAT day-trade long idea earlier you can see what I mean about knowing your timeframe, as the stock saw a strong but fast move over the $7.10 long trigger and then came back down.