Daytrading with Consensus

[Ares]

Watchlist: AVRX,ZVUE,BRCD,XOMA,LPSN,LEXG,BDSI,CYTR,IONA
Premarket most active: AVRX,ZVUE

[Ares]

IN CYTR: 4.16
Weekly is still below the 8ma (currently at 4.37)
Daily,60,15 are above the 8ma so far.
Most of the symbols in my watchlist are red so far except for CYTR.

[Ares]

BRCD is picking up steam too but I have to concentrate on CYTR first before I'll initiate a position in BRCD.

[Ares]

Those bulls that can't short out there may be searching for a cheap stock that they could go long.
So far CYTR may be fulfilling that need.
NASDAQ is currently red.
More traders must be more comfortable shorting right now.
But those shorting CYTR may have to cover.

[Ares]

CYTR's previous hour closed as a higher high.
Previous hour's high:4.30
Previous hour's low: 4.1199

[Ares]

Is it a coincidence that CYTR's AX is bidding at 4.12 and asking at 4.29?
That's about a penny from the current high and low of the day!
That's a 17 cent spread.

[Ares]

IONA looks like it's going to join the bulls.
Low volume though.

[Ares]

The 30 minute breakout rule just came to my mind. I can't remember the author though.

[Ares]

This may go up later but I'm out for now at CYTR: 4.24
I went out because the 15 minute chart gave me a signal when it opened and closed below the 8ma.

In CYTR:4.16
Out CYTR: 4.24
Profit: 0.08

[Ares]

In AVRX:5.31

My perceived support was 5.23

next perceived support is 4.90

[Ares]

It feels like I've entered too soon. Out AVRX at 5.30
Looking at the minute chart the volume that accompanied the candle outside the B- is not as huge as I wanted to see.
The hourly chart looks like the sellers are already fading though.

In AVRX:5.31
Out AVRX: 5.30
Loss: 0.01

[Ares]

Weekly above 200,50, and 8ma:
CORI,CHRZ,BDSI,BRCD,LPSN,IONA,ALTI

Watch List:
CYTR,BSQR

Premarket most active:
MAMA,ALTI,CORI,ONSM,

[Ares]

In MAMA:5.87
Went in with momentum when green prints challenged the high of the 15minute doji.

[Ares]

Out MAMA: 6.01
Opened and closed below the 15 minute 8ma too soon.

In MAMA: 5.87
Out MAMA: 6.01
Profit: 0.14

Sorry, I typed BRCD earlier instead of MAMA

[Ares]

I have to try harder sticking to my goal of working just 2 hrs - 3 hours max in the stock market.
It gets too addictive.
I have to balance my life.

Goal: to make $250 within 2 to 3 hours of work.
6am to 8am
12pm to 1pm

Happy trading