Quick Summary SPY gave up yesterday’s gains and is basing above 50 dma. If the moving average breaks, we start scanning for shorts other than market indexes. Focus list longs are all near long entries. EMES and BEAV were removed from focus list and are back on watchlist. Entered CODE today. Watchlist stock URBN and …
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Quick Summary SPY bounced off 50 dma. Look to exit bounce plays. Short entry possible on more bounce. Focus list long setups UA, NFLX, JAKK, CODE all at or nearing entry levels. Focus list short EMES may invalidate short setup. Watch next few days. Market leader GMCR still pulling back to gap fill area. Money …
Nice continuation rally by the bulls as tech. index QQQ back over 20/50 SMA and trying to break the trading range, small cap IWM back over 200 SMA, now needs to get over 20 SMA and break that down trend line for bullish follow through. Some decent moves on names from our watch list, name …