Trading Journal for 10/7
6:18AM: The SPX fell 1.5% yesterday after Trump killed stimulus talks. SPX futures have since recovered about half of that drop, back up to 3380. RAVE is gapping up 305% on news of hiring some new folks; I’m not sure if that’s good enough. AREC is gapping up 88% on news of a new subsidiary. PECK is gapping up 80% on news of a solar project deal. SUNW is gapping up 65% on news of deals for new projects. I think I’m going to sit tight for a bit and see if any of these stocks test their pre-market highs.
6:32AM: All of the stocks I’m watching are dipping at the open.
6:42AM: PECK and AREC just set new intraday highs, but they pulled back right afterwards. I don’t like this kind of price action; it makes it hard to find entries.