szaman Gap up , hold and rally continuation in the market, helped by oil , financial and technology names. SPY back over the down trend line and 8 EMA , first time this year and still have some room before layers of overhead resistances come to play. …
Decent two day rally after SPY manged to make a low below August low , shaken out some hands and rally on Wednesday. Thursday’s run was mostly about oil/energy names. It was nice to see Market opening down and lead higher via strength on energy/oil names instead of a gap up and fade that has …
Gap down and sell off day in the Market after a potential bounce continuation day after Thursday’s action. Typical bear market action so far, as there are many nervous investors and jittery traders ,any bounce is being faded . Day trader market out there, this volatility …
Decent bounce day in the market after a down open for a change , panic move on some high beta names like AMZN , NFLX and V shaped rally via all sectors. This type of rally should have some follow through, whether its on Friday or Tuesday but there are many nervous investors and …
Choppy , sloppy bounce in the Market. If you followed SPY 30 minute chart from the previous blog, it was easier to navigate the market last 2 days. As you can see from 30 minute chart, that stair stepping down trend finally was …
Another ugly day in the market as every bounce attempts are being faded. Daily chart definitely has the look of testing August low. Next support 190.73 , 187 and 182.50. If you are looking for a bounce ,watch 30 minute SPY chart for some clues. As …