Trading Plan: 10 August 2022

Laurentiu Chisca
4 min readAug 10, 2022

Nasdaq (-1.19%) continued its downtrend and closed in red with above-average volumes. It is possible to have a short-term top and now the price is looking for a (new) support. Watching 12350 level and the next lows if the case.

SP-500 (-0.42%) is still in a constructive area if it stays above the 4080 area. Building a base here might be healthy for a stronger breakout. But never rely on this only, anything can happen and we might see the price going down to EMA21 / SMA50.

In the news

Elon Musk sells 7.92 million Tesla shares worth $6.88 billion.

Biden signs China competition bill to boost U.S. chipmakers.

Ford will reopen F-150 Lightning orders this week at a much higher starting price.

U.S. productivity posts biggest ever annual drop in the second quarter.

U.S. consumer price growth is expected to slow due to lower gasoline costs.


  • Best yesterday sector: Energy, then Utilities. Worst sector: Consumer Cyclical.
  • Best weekly sector: Basic Materials, then Financial. Worst sector: Energy.
  • Best monthly sector: Consumer Cyclical, then Technology. Worst sector: Healthcare.


  • NAAIM (weekly, neutral between 70 and 90): 55.28
  • VIX (neutral under 20): 21.77
  • Equity Put / Call Ratio (neutral between 0.7 and 1): 0.95
  • CNN Fear & Greed: 49 (Neutral)


  • Stocks above SMA40 (neutral between 30 and 80): 72.66%
  • Stocks above SMA200 (neutral above 30): 29.64%
  • Number of stocks that increased yesterday by more than 4%: 114
  • Number of stocks that decreased yesterday by more than 4%: 437
  • McClellan Oscillator (neutral between -100 and 100): 65.94

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Laurentiu Chisca

Trend Following Trader. Passionate about stock market, curious about new technologies and avid learner.