11 Hot Trades (Charts ) for 7/6
Here is my trading watch-list going into the open today. Ideally the market will open a little weaker and provide us clean entries into these trades if the market turns higher later in the morning or early in afternoon. Be careful not to chase or get over zealous about a B/O type set-ups when the market is as extended to the upside as the market is now. Stay discipline and only pull the trigger if the volume is there. I usually will shy away from executing a B/O trades if they occur within the first 30 minutes of trading. There always exceptions ( ADAT for example this morning because it basically closed at the entry) , but I always try to keep "no entries in the first 30 mins" as a rule of thumb. It helps prevent me from having a bunch of head fakes come 10:30 am and then miss opportunities for the real trades later in the day because I am gun shy.
As always these are listed from my favorite set-ups for the day on down: ( Although I like all these set-ups )Chart & Trade Setup for ADAT
. Also included is ACAD, HCKT, BORN, TGE, TNAV, OMPI, GIGM, CRIS, GNET, CYBE