What To Focus On - Part Two

My blog of November 27th was entitled "What to Focus On". Please read it. This week we are feeling a bit of a hangover. Last's weeks triple witching event is over. Stocks that were forced to contract in price to sqeeze out spectatate positions on them are now free to resume there old trading patterns. This Monday morning at 10:20 a.m. the Djia is up 301 points. There are also losers. So now what? Mark on your calendar exactly three months down the road how the markets traded on the first morning after one of these triple witching events and use this same logic to catch the upside on the next "hangeover" day like this. How do you pick the winners? Find a few stocks that have enjoyed a recent upswing and play them to pop on the first trading session after one of these events. This blog is just an observation.

News About Moderna

There is always news on Moderna. Look at these two charts both showing how it jumped up in price ten days ago.
When stocks have a pattern of jumping you only win when you catch the right direction. Here is the background to today's action (Monday Oct 24th and I am looking for an entry point). As mentioned before Mondays are not my favorite time to be purchasing option that expire on Friday. The D.J.I. and Moderna were up today. Moderna is in the spotlight concerning how much the government going to pay for their vacines going forward.
Now look at the stock's one day and five day charts. I didn't end up playing it.
Let's move on to Tuesday and here is some action.
There was a short and slight selloff around 2:15 p.m. Here is what I did. I got in at 12:57 p.m. looking for an afternoon selloff and I got out a 2:16 p.m. at the height of it's mini crash. It was a question of just getting out and asking questions later. (I did spend 15 seconds looking for news but I couldn't find any). The markets in general at that time were staying stubbornly strong.
Here is a chart of how it traded on the day.I was lucky to get out when I did.
Yet another opportunity presented itself the follow day with a mild afternoon price decline after a morning rally. It's nice doing these types of trades without having to take overnight positions.
Now a January 10th 2023 update.
Moderna is now in a sweet spot as it is not hurting for money.


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