Published: May 19, 2023
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As the clock struck midnight in the Asia Pacific time zone, I celebrated not only my 35th birthday but also my 13th year of learning within the FinTwit community. Within the realm of solitary trading, there are often instances when the sole source of joy, particularly during a

1. Date (Why it is 1-Day after the Market Close) As most of you are aware, I am a Singaporean trader who primarily operates within the Asia Pacific time zone, even when I frequently travel on short-haul flights. It's worth noting that, like many others, I have regular sleeping

2. Narrative Recap of previous day's action, my observation, and potential marketing moving events for the day. Most of the market movers at index, sectoral or group level are also captured and easily visualized in the other sections of the diary.

Image in tweet by Jeff Sun, CFTe

3. Short Term Breath $MMTW (% Of Stocks Above 20-MA) $MMTW is an oscillator that can be utilized as a breath indicator to assess the internal strength and weakness of the underlying index by analyzing the percentage of stocks trading above a 20-MA. I recommend referring to

4. Short Term Breath NH/NL (New Highs - New Lows of 52 Weeks Level) The number displays the daily difference between the number of stocks reaching new 52-week highs and the number of stocks reaching new 52-week lows across Nasdaq, NYSE and AMEA. There are various sources you

Image in tweet by Jeff Sun, CFTe

5. Market Level $RSP $QQQE $IWM 1. $RSP (equal weight of cap weighted $SPY) 2. $QQQE (equal weight of cap weighted $QQQ) -Equal weighted representation means that each stock within the index carries the same weight. This provides a more balance representation of the

Image in tweet by Jeff Sun, CFTe

🍻

6. Sub-Market Level I utilize the breakdown provided by @iShares, consisting of $IJS, $IJT, $IJJ, $IJK, $IVE, and $IVW, primarily to assess outperformance and underperformance based on daily % changes. This breakdown forms part of my framework for conducting deeper analysis

Image in tweet by Jeff Sun, CFTe

7. Sectoral Level Comparing the strength of the 11 SPDR sectors offered by @StateStreetGA can be done by assessing the percentage gain from their respective 52-week lows. This is in simplciity of course, as ADR& of each sector is not taken into account. eg. $XLE is trading at ADR

Image in tweet by Jeff Sun, CFTe

8. Theme On Watch I take pride in my narrative and observations regarding the key movers and highlights of thematic groups. Notably, I am pleased with my call for $KWEB relative strength back in November, the breakdown in $KBE and $KRE in early March, and the recent rally in

Image in tweet by Jeff Sun, CFTe

9. Leading Industry Group When it comes to assessing leading industry groups, there are several approaches one can take, considering that the subdivisions into industry groups can vary depending on the classification system used. Two widely recognized systems are the North

Image in tweet by Jeff Sun, CFTe
Image in tweet by Jeff Sun, CFTe

Let me take a break here. The Focus and Stalk section encompasses a wide range of information and I'm attempting to establish a structure to effectively convey and articulate it.

thank you leif! 🍻

10. Focus List (Part 1) Before we proceed, I kindly request you to refer to the link below for the configuration of my charting template and the indicators that I find particularly valuable. i) Setups & Execution Primarily, my trading revolves around set

Image in tweet by Jeff Sun, CFTe

10. Focus List (Part 2) ii) Watchlist Management Prior to delving into the parameters of my scans, I cannot stress enough the significance of maintaining a comprehensive global watchlist that fulfills criteria but not ripe for action. It is crucial to understand that many

Image in tweet by Jeff Sun, CFTe

10. Focus List (Part 3) iii) Scans - Finviz Free Version I strongly advocate for utilizing the free tools available on the internet for those who are still striving to become proficient in trading. Trading itself carries significant costs and unforeseen events that can disrupt

Image in tweet by Jeff Sun, CFTe

10. Focus List (Part 4) iv) Scans - @tradingview Free Version Below is a Screenshot for parameters of Scan for '1-Week Mover Exceeding 20%' on @tradingview You can do the same adjustment based on the filters from Finviz for each scans on @tradingview Although the

Image in tweet by Jeff Sun, CFTe

11. Stalk List So in my earlier post, I highlighted on my global watchlist consisting of 142 stocks (at the point of writing) which I meticulously review this list every day, adding new promising stocks that emerge from my scans and removing any with disrupted price action.

Image in tweet by Jeff Sun, CFTe

12. I have reached the conclusion to give you an overview of how I maintain a daily market diary, and I hope you recognize the significance it holds in your development and growth as a trader from the process of doing it. This diary serves as a valuable navigational tool,

If you believe that this thread can contribute value to the community, I kindly request your support through liking and retweeting the thread as my birthday gift! My ultimate goal is to promote trading literacy and encourage more focused and insightful discussions within the

thank you nick!

thank you!

thank you John!

thank you so much! appreciate your following of my daily diary!

thank you!

cfromhertz . I believe the most crucial message conveyed here is the significance of a trader's unwavering dedication to produce such daily work in order to stay connected with the market. Your ongoing commentary after daily market closes undeniably serves as a major source of i

thank you shahid! appreciate much πŸ™πŸ»

13. My pre-market routine

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