Aug. 1 at 1:50 PM
Well, all three of my preferred candidates for my new hourly 20 SMA entry system —
$MLGO,
$GTI and
$WCT — have opened slightly to moderately lower this morning, so they’re out. 👎
I am watching
$VCIG, which is up but retesting its hourly 20 SMA twenty minutes into the session on modest volume so far, which does fit its established pattern of modest volume ahead of subsequent breakout days. Might buy some VCIG later if it looks good.
But my system is working so far to keep me out of bad trades. 👍
$GIBO has opened down right at its 20-Day SMA where I thought it would wind up. So, this could be a turnaround day for GIBO. But I am subjecting it to my hourly 20 SMA rule as well now.
Currently though I am watching and waiting amid down markets on a poor jobs report and announcement of more tariffs. A typical Friday. Happy August, however, everyone!
