Bulls on Wall Street: Stop Guessing. Start Trading.
Volatility kicked into gear as market sold off across the board. SPY lost over 2%, biggest red day in 2 years.Market finally in much needed overdue correction phase. Is the run in market finally over? We don't know that yet. but i doubt it, short term, marked broke some levels of support  but long term uptrend still intact and few days of sell off doesn't create a new trend. Good thing about sharp sell off is that we will also get some sharp bounces along the way. So have a shopping list ready for when bounce happens with defined risk parameters.

SPY next small support 275/274.80 area and then major support at 50 MA.Resistance at 20 MA.

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AAPL Many eyes will be on 200 MA,158.80 area. See if that holds or breaks and recapture it back for a bounce.

BABA 50 MA is trend line support.

ICHR Holding key support zone. Bounce watch if market holds.

LABU Biotech ETF. Closed on 20 MA. If it doesn’t hold watching next support areas.

NBIX Strong biotech name,20 MA support for now.

NBIX Strong biotech name,20 MA support for now.

OSTK Weekly 20 MA dead cat bounce watch.

SQ Holding up really well. 20 MA is support for now followed by 40.

TWTR Holding up really well over breakout area. Keeping an eye. Dip will be bought in this.

XLE Energy ETF. Holding 50 MA. See if this holds else 70 is next support.

About szaman

Sayed is a veteran of the stock market, receiving acclaim for his hot stock watchlists. He trades in the Bulls room and blogs for the site, sharing his watchlist and market analysis daily.

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