Bulls on Wall Street: Stop Guessing. Start Trading.

Another day and another bounce off the lows for SPY. Not sure how many time this plays out before  we see a big crack.

SPY 20 MA  holds, needs to get over 8 EMA resistance. Action is getting volatile and  indices are not reflecting weakness in many individual stocks. Leadership is getting narrower ,few names basically holding up the indices.Under the surface breadth is getting narrower as not may names making new highs, whereas too many names making new lows. Just something to keep in mind.

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AAOI Consolation over support. Could get going again.

GLYC Closed over 50 MA. Watching for a continuation on morning dip.

FSLR Breakout watch.

NKTR Could squeeze gain. Keeping an eye.

OSTK Will watching for a bounce on 8 day and previous breakout area.

SEDG Earning mover. Looks to be going higher.

VERI Old momentum play. Big volume move. Watching on a morning dip.

WUBA Inside day after earning breakout. Watching for another run.

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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