Bulls on Wall Street: Stop Guessing. Start Trading.

SPY filled the gap at open  but reaction bounce didn't last as it closed almost back to low of the day and under short term momentum moving average 8 EMA.

Even though SPY closed down slightly , it is not showing the underlying weakness in many individual names and sectors.Not seeing many leadership stocks and sectors as market breadth( Number of advancing stocks vs. number of declining stocks) continues to deteriorate.  Choppy. sloppy run in many names  and getting fizzled fast. We are back to hit and run trading mode , take gains fast while we have them until market gets some footing again.

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ANET Trying to break out of the flag formation. Needs some help from general market.

BLUE Watching for a bounce around 80.

CLVS Bear flag setting up,If bios continues to weaken.

NVDA 100 is still psychological resistance on this . Can be traded around that level.

OLED Could pop over 83.85.

TSLA Still in bear flag formation. Keep an eye for a crack.

WUBA Breaking out of flag, watching for continuation.

SHOP Range breakout watch. Needs some help from general market.

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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