PCAR Update

23 Mar 2023

Looks to me like it's finally gonna get that gap fill either tomorrow or Monday. Earnings a month from now.

Went long this morning. Probably just gonna hold if the market whipsaws.

23 Mar 2023

İşlem kapandı: durdurma seviyesi

Hit my trailing stop, lol.

Small gain, just a whipsaw market still

23 Mar 2023

İşlem aktif

Got back in, looks like an inverted H&S, plus the algos appear to be buying small caps now.

Not sure why PCAR tends to trade with small caps since it's in both SPY and QQQ. In any case I expect the market to gap up tomorrow

24 Mar 2023

İşlem aktif

Added a lot more here, looks like it just wanted to fill that up gap from Monday, now it has to close the gap above.

Stupid whipsaw market, lol

24 Mar 2023

İşlem aktif

Closing out most of the stuff I added this morning, and sticking with 1.5k shares at the gap fill (today's gap). I want room to add if they gap it down again Monday, plus I don;t want such a big position over the weekend.

24 Mar 2023

İşlem aktif

Decided to close out my position early because I have stuff to do. Holding 1k shares though, built some cushion on this trade so i don;t have to watch it anymore.

24 Mar 2023

Not

Interesting fact.... PCAR tends to follow small cap index, but the biggest ETF holder of PCAR stock is actually QQQ.

Also, this stock got rejected by resistance at $71.7 yesterday, which was the old support. I think it gets rejected one more time Tuesday and dips before going higher.

24 Mar 2023

Not

Daily MFI hit oversold, that is an extremely bullish sign. That signal even marked the bottom of the COVID tank if you look back.