The market had a nice rebound today after the sell off yesterday and we once again banked in the bulls room with $816 in gains. We are still in a channel trend on the $spy. As long as the 50dma holds, I am bullish on the market. If that breaks then we will have 2 major support areas broken: the channel will be broken as well as the major moving average. Here is my watchlist for tomorrow as well as a look at the trades from today:
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CHCI- bull flag
IMMR- bull flag
ACOR- parabolic short watch
HIMX- breakout watch
GALT- short setup.. running into resistance.. if market is weak I like this one for a short. Bear flagging
CERS- bull flag
MU- breakout watch
NPSP= bull flag
ASTX- flagging
PLAB- breakout watch
DNDN- bear flag.. watch for 4.5 breakdown
