"Sell the news"scenario played out after tax reform news. Beaten up technology names tried to bounce via red to green move at open, giving us some decent bounce trades in chat room but bounce was quickly fizzled out.
QQQ failed at both 8 and 20 day MA. Not seeing much rotation into beaten up technology names. SPY, IWM, DOW closing almost at the low of the day, giving bears some advantage. Be nimble out there , volatility is here, hit and run trading mode for now.
If you are struggling with your trading or learn how to trade you need to check out our trading courses. Our program is designed in such a way that you come out of it ready to trade live in just 3 months. We teach you everything from risk management to scanning to trading strategies. I also share my profitable intraday trading strategy which will make you money short term regardless of Market condition. The class is one of a kind, see why you should sign up for the course here . You will also have access to a private community where you can ask questions, share charts and talk with the instructors or other traders. You can also check out the testimonials from our students.
Also if you are interested in our day trade alert services and chat room Check them out here.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Check out our newest Offering "Bulls Vision" ! A brand new screen share product! See through the eyes of
@kunal00 while he trades live everyday.