Trading Watch List 05.02.2016
Sell off in the market after SPY broke down both 8 and 20 MA short term momentum support. SPY filled the gap, if doesn’t hold , next support 50 MA 203 zone. However, market specially technology stocks are oversold. …
Sell off in the market after SPY broke down both 8 and 20 MA short term momentum support. SPY filled the gap, if doesn’t hold , next support 50 MA 203 zone. However, market specially technology stocks are oversold. …
Range bound action on SPY. Market seems to be in wait and see mode forĀ this week’s big earnings and FOMC on Wednesday.Tight small range makes day trading a somewhat tricky as you need stay withing range and trade …
SPY back over short term momentum indicator 8 EMA. Impressive action in overall market, sector rotation mode stillĀ in full force as we saw on Friday, flat fay on SPY , Technology .QQQ had a red day but small …
Pullback day in the market after slow grinding up action. SPY closed above short term momentum indicator 8 EMA but a test to 20 MA might be coming up. Some strength in biotech names Thursday while commodity names took …
Slow grind continues in the market. We have some decent sector rotation happening. Some of the high beta tech names had volatile action and ended red for the day , however, gold,oil, metal names keeps on rallying. It is …
Slow grind up action in the market over 8 and 20 MA. SPY basically in a major congestion resistance zone with short term support at gap fill 206 and then 20 MA.Game plan has been buy dip and sell/short …