WMT Trade on Aug 18, 2015 10:25 from josiah: Tradervue User Stock Trades.

Took this as a G4/pullback trade within the daily range with a slightly assumptive downtrend due to the bearish gap and not taking out the premarket pullback high. 15 cent stop, 30 cent targets, trailed out between t1 and t2 on last 1/3 right into close of day.

Big Picture / Overall Market
What are the most important S/R levels?
212 above and 207 below
Distance from these levels
pretty far
Market direction
market range bound
long term sideways trend
gapping slightly down
What is the market overall most concerned about presently?
fed hiking interest rates later this year
lack of continuing QE
greece
falling commodities
What is moving the market?
nothing — the market is barely moving (not trending except sideways)

Intraday Fundamentals
Lowered full year guidance
Missed quarterly earnings estimates
Beat quarterly revenue estimates

Gap Sentiment
Prior day shock
green prior day
green final 5 minute candle to end prior day
Multiple day shock - 4 out of 5 previous days were green prior to gap down
Break of short term pattern - several weeks of a basing/sideways pattern broken
Premarket volume 200k+
Relative Weakness - gapping down more than market

Technical Analysis
Support
long term: 70 and 67.50
short term: 69.50
Resistance
long term: 71.50 / prior day’s low
short term: 70.50

Patterns
G4 pullback / sell setup (though intraday trend was not 100% clear yet)

Reading the Tape
?

Intuition
Felt right about this one / confident