Nice day for the indices and the run continues after big earning from AMZN,GOOG, MS.
As i write this post, SPY trading over that big 206 resistance. So it will be tricky day at open. As usual no chasing at open. You want to see how Market reacts at the resistance, so wait a bit before making any movements. Market have big overhead supply in 206 zone and given the lack of leadership, it might not be a smooth sailing upwards. Market is lacking leadership stocks and sectors, even though Market had a big day, after going through scan , i could not find many great setups, at least setups for short term trading. More stocks and sectors need to join the rally for a sustainable push up. It’s also the earning season so i will be watching some earning plays or news stocks for day trades.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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