Daily Plan 2/23
FOM(O)C time
Hello traders,
Today we had an eventful yet boring day of trading with the price being rangebound for the first half of the day and then after the FOMC minutes we ended up dropping down to 3983.75 on ES and then climbing back up to the key 4000 area.
Our overnight pivot of 4022.75 kept the bulls in check.
In our short term picks as shared on Substack, NOC 0.00%↑ is up about 14 points from our entry and I see further upside over the next couple quarters. I would like to move the stop to Break even now.
Other than that, our earnings gambits on FLR 0.00%↑ and BIDU 0.00%↑ worked out well. Will wait for RUN 0.00%↑ at open tomorrow.
Moving on,
ES plan for Globex session tonight: