Bulls on Wall Street: Stop Guessing. Start Trading.

SPY stopped on previous support turned resistance,245.62.Couple of inside day after Tuesday's rally.SPY closed below 50 MA, however,traders are waiting for FOMC speech on Friday to see any hints about future interest hikes. Expecting some movements on that news.

Even though indices not doing much, it is nice to see strength in individual stocks,sectors. Watch list names, SHOP, TSLA, NVDA gave some decent trades. So will be focusing more on individual stocks as long indices churns around.

There will be no blog until after labor day. Time for some well deserved break. Trade them well!

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DVAX Flag break out. Continuation watch over 17.25.

ENDP Over 9 could have one more squeeze.

ILMN Flag breakout watch.

LL Still flagging as 20 MA catches up. Keep an eye.

RDFN Support holds. Flag still intact. Keeping an eye.

TSLA Looks good for more as long 20/50 MA holds.

WB Breakout alert worked well. Watching for a quick short against that big 100.

AAOI If market goes south, this will be a “goto” short.

BIDU Flagging over 20 MA. Keeping an eye.

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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