Market shaped up and closed strongly without revisiting its low from a downbeat opening after a stronger than expected NFP (a good news that is likely to defer monetary policy pivot by the Fed). A classic sign of strength in the rally.
More of a sitting day on unrealized trades as I passed on quite a number of breakout stocks on my focus & stalk list (not ripened imho). They are breaking out on a very extended day range (>ATR) which wouldn’t be lucrative on RRR metrics. S&P500 will retest its mid-term downtrend line on Monday’s open.
Thanks for reading.
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