Inside the Numbers

Inside the Numbers

11:18: 465.60 is support.

If they break below and start closing candles below 464.75 would be the next target on the southside…

Still back after lunchtime…

11:00: Good thing for Stocks on the Move…

SPY is in float mode as usual – for now…

Back after lunchtime…

10:38: No change, they’re floating…

Back as needed…

10:09: Note update to the numbers on BLL from Stocks on the Move…

Still back as needed.

10:04: Took a little while, but nice trade on QRVO.

W did the deal…

IBM did the dance in front of the number, price stuck there anyway…

Nice trades this morning while the tape was floating…

Back as needed…

9:58: Now that the S&P is within about 30 pts. from the next big phat round number, we consider it – on the table at some point…

By Friday’s close?

Possible.

What takes that off the table?

Getting back below the gap left open from yesterday down around 464.75.

9:53: No change, they’re just floating…

They’ll put in some kind of a morning pivot from somewhere…

9:37: 464.75 is the only spot of interest from a short term perspective…

Above is no mans land…

9:32: Quiet at thte open…

Patience for an opportunity to emerge…

8:30: We’ll let em’ go at the open while in float mode…

The focus is on Stocks that are moving and able to provide opportunity for the morning session…

AF Thornton

Website: https://tradingarchimedes.com

A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.

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