Finding Income
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Finding Income

Trading Journal for 7/2

6:25AM: SPX futures are up at 3142. FRAN is gapping up 142%; I see news about a partnership to develop a mobile app; it has resistance at SMA200 at $8.52.

6:30AM: FRAN is dipping at the open. Volatility is pretty high. I managed to get $0.06 with 1 share.

6:35AM: With high volatility, FRAN tends to bounce pretty sharply whenever it sets a new low, before it goes on to drop further.

6:40AM: FRAN broke below VWAP. Other stocks that are moving include JOB (+266%) on news over getting rid of $47m in debt and STAF (+60%), both of which are priced below $2.00.

6:44AM: JOB (+319%) broke $2.00 and rose into a second halt. I’m holding 1 share into the halt. I’m noting that spreads are pretty wide, and it would be pretty tough to accumulate shares.

6:49AM: Caught $0.11 on JOB with 1 share. Looks like it’s continuing to rise. I won’t be buying into a third halt as it’s pretty extended. As a write this, it’s dropping and halting going down.

6:53AM: TSLA is up 7.55%, which is crazy. Apparently the market is up due to a strong jobs report. Virus infections are accelerating.

7:07AM: JOB is now very volatile; it’s halting down and up. Overall, it seems weak since it’s not retesting its intraday high.

1:00PM: Hmm, looks like SPX will close at around 3130. I was able to get $0.35 on 1 share at a time today. Momentum hasn’t been great recently, but it was a bit better today.

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