Consolidation/stalling phase in the market.
SPY 200 MA is holding so far. A move over Tuesday’s high will give Bull some momentum . Weakness should fill the gap to 205.50 and next support is on 100 MA 203.70 area. Beaten up bios caught a bounce during this side way action, as i expected this in the last post. PCRX , CEMP, RMTI from last blog caught decent bounce. So i will watching few bio tech names again for movements. Earning news stocks continue to be in play. We had decent gains again today shorting earning movers BABA and GRUB. So keep an eye on those earning movers. I will be joining @kunal00 for free trading webiner “Making Bank in the First Hour” on Nov 5th at 8EST. Make sure to register here.
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