August 7th, 2017 Watch-list
Evening traders! Another green day for the market Friday as the DJIA closed in the green by 66.71 points. Overall, as a review for those who are new, we are still doing our best to separate our trades as best as possible from the overall market for now. With that said, the DJIA daily chart is below for review with key support and resistance labeled for review.
Current Plays on Watch:
AMAT: We've seen this one post two consecutive doji candles on the daily chart as it hugs along that ascending support line. Friday we received a daily buy signal and did have a small 15 minute buy heading into the close. For those who entered, have your 1/2 R/R ratio stop loss set. For those who were more cautious and did not enter, watch this one closely Monday morning. If we get an immediate move higher from this level you could secure your entry. Or, you could wait for the push higher and another 15 minute buy to be given then enter. Chart below for review.