Nice pullback in the markets today. We pierced the 50dma on all the indexes which is the area we were watching. Typically a break of a major moving average can cause some panic. It will be interest to see what happens tomorrow. Stay tight with your stocks and continue to trade fast as the market is soft right now.. We had a decent day in the bulls room today with $820 in gains. Here is a look at the trades from today as well as a few charts I am watching for tomorrow.
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If you missed kunal’s market review, check that out here
GRPN- pullback to 20dma. watch for a bounce if market bounces
BCRX- flagging, breakout watch
SFUN- nice strength today. breakout potential tomorrow
ANW- breakout watch
KTOS- nice strength today. watch over 7.00
FB- nice strength today depsite the market, expecting this flag to break to the upside