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Stock Selection for New Day Traders New day traders should focus on a concentrated watchlist of five stocks rather than attempting to monitor numerous tickers simultaneously. This approach prevents scattered attention and allows traders to develop deep familiarity with specific securities. The selection process involves…

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Market Overview & Sentiment The market continued its gradual upward trajectory with little negative news to dampen sentiment. A potentially volatile meeting between the president and Federal Reserve Chair Jerome Powell concluded on positive terms, removing a key risk factor that could have disrupted market stability. With minimal…

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Market Overview and Economic Data Markets maintained a steady upward trajectory with slight positive momentum continuing into Thursday morning. Initial jobless claims data released during the session came in largely in line with expectations, providing no significant market disruption. The European Central Bank’s decision to…

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Japan Trade Deal – President Trump announced an overnight trade deal with Japan featuring a 15% tariff rate. Markets responded positively to the news, viewing the development as a reduction in uncertainty rather than focusing on the tariff percentage itself. The deal represents progress in resolving trade tensions that had…

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Trade Management and Position Sizing – The analysis emphasizes the critical difference between optimal entry points and chasing momentum, particularly when evaluating reward-to-risk ratios. When entering trades late in a move, reducing initial position size becomes essential, with the expectation of building into the position as…

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Market Analysis & Context Current market conditions reflect significant uncertainty as the August 1st tariff deadline approaches, with speculation that Trump may follow through on trade threats rather than his typical pattern of backing down due to media pressure. The market has experienced seventeen consecutive days without a…

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Individual Stock Analysis CME presented a challenging situation with earnings scheduled for the morning rather than after close, trading below its 50-day moving average but showing multiple upper shadows indicating buying interest at current levels. The position remained active despite technical weakness due to historically…

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Introduction

Markets hit a bit of a speed bump today as traders navigated choppy waters with the major indices struggling to maintain momentum near all-time highs. The session kicked off with what one seasoned trader called “moving average spaghetti” – that messy technical setup where stocks get tangled up between key support levels instead…

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Trading Software Setup Setting up TradingView for day trading requires creating custom watch lists and screeners with specific minimum viable criteria. The process begins by establishing filters for stocks priced above $10, daily volume exceeding 2 million shares, and average true range above $1.50. Traders must add a “change…

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Market Analysis & Data Methodology The analysis reveals a significant disconnect between major index performance and individual stock participation. While indices like the S&P 500 showed strength, scanning data indicated that over 56% of technology stocks and 74% of consumer cyclical stocks were negative over a five-day period.…

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