Bulls on Wall Street: Stop Guessing. Start Trading.

Technically weak market was hit again with China tariff news and down we go.

SPY drama around 200 MA continues. It has been tapped so many times, at this point I think it is less relevant. 254.67 is the big number now . If that support breaks there might be some concerns about new lows. There is a also a possibility that market gets stuck in trading range for a while. Overall, bears still in control under 20 and 50 MA. As far as trading, I will be mostly focusing on high beta names and  index ETF's like TQQQ,SQQQ,UVXY etc. Again If you are not sure what to do, just sit out , protect capital and wait for a better market condition.

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FB Inside day. See which way it breaks.

NTNX Holding up well but also has bear flag look below 52.20. Keeping an eye.

PAGS Back to trend line bottom range. See if this can bounce here.

SQQQ If technology stocks stay week. Keep an eye on this tech short ETF.

TSLA Must hold 295.50 or could fade. Ideally a green red short watch.

UVXY If market continues to weaken, watching this on intra day setups.

X Bear flag. Short watch to 200 MA.

YY Short watch if market continues to weaken.

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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