Trading Watch List 02.03.2016 | Bulls on Wall Street

Trading Watch List 02.03.2016

As I wrote in the last blog, “Market still in bear zone below down slopping 20/50/200 MA…So far this year rally attempts haven’t  had much of a follow through so i will be watching how bears reacts here or at the next resistance zone 195. If the trend remains the way it has been this year, bears should come out soon for more fades”spy

 

 

 

 

 

 

 

 

Good showing by bears today on cue, with gap down, even though SPY manged to hold round number/10MA , 190 area. It needs to get back over 192 to regain confidence from bulls, otherwise the chart looking like a bear flag and failed bounce. Crude oil held the psychological 30 area, Needs to hold that 30 level otherwise it will be just another dead cat bounce. Biotech and financial stocks still remain the ugly ducklings, market will not get a sustainable bounce without those sectors.  If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course. 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.
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BIDU Could get ugly below 154. Keeping an eye for a short on green to red type of move.
BIDU Could get ugly below 154. Keeping an eye for a short on green to red type of move.
IBB Ugliest them all, Bio ETF. Do or die spot.
IBB Ugliest them all, Bio ETF. Do or die spot.
NFLX From last blog, had the 90 hold bounce but next time below 90 could fade hard. Keeping an eye for a short on green to red type of move.
NFLX From last blog, had the 90 hold bounce but next time below 90 could fade hard. Keeping an eye for a short on green to red type of move.
WLL If oil holds up this could get a support bounce.
WLL If oil holds up this could get a support bounce.
KMI If oil holds up this could get a support bounce.
KMI If oil holds up this could get a support bounce.
UVXY If market continues to weaken, watching this one for intraday long setup.
UVXY If market continues to weaken, watching this one for intraday long setup.

 

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