Trading Journal for 4/21

6:24AM: SPX futures are up to 4495.

CYN, a lower-priced stock, is gapping up 77% on news of launching “a fully-equipped autonomous vehicle hardware integration module.”

6:30AM: CYN is holding up at the open. It seems to be thickly traded though with 28m shares of volume so far:

6:36AM: CYN has pulled back to the VWAP:

6:45AM: CYN looks to be continuing. It currently has 60m shares of volume. It appears to be range-bound. With volume this high, I wouldn’t expect this stock to be able to make a sustained move upward.