Evening folks! Some weakness in the markets today off the news from Cyprus. We had our first legit gap down in a longtime but as is custom in bull markets usually those gap downs end up getting bought till that one day it doesnt! well today it did. Lot of stocks bounced hard off support. …
NQ was on last night watch list as a bounce play. Stock had huge volume run up to 10.67 and severe pull back without any bounce and down for 6 days. As it approached 20 SMA/20 EMA on daily chart, i was eying the stock for a bounce soon, somewhere either around 20 EMA or …
Read more$NQ: Strategy to play bounce after severe sell off.
Big gap down in the markets overnight off of overseas news. As usual, the dip was bought this morning and we grinded almost back green. All the action was this morning, making for an uneventful afternoon. We still profited nicely in the bulls room with $1260 in gains. Below are the trades called out live in the bulls …