szaman Ugly follow thorough day in the market after market broke summer range. Not your everyday garden variety type sell off here, You get this type of sell off every 3/4 years. Intra day 15 minute chart shows the intensity of selling last two days. Notice how market was selling off every spike into 9 EMA …
Ugly in the market as SPY finally broke the summer long range. I am not really surprise by this move , if you recall pretty much all the stocks on last blog post was a short setup. It usually rare for me to post or find all short setups, so when that happens it usually …
Slow low volume late summer trading market. Not easy to do day trading out there unless you have a good strategy. Not much liquidity to sustain any momentum either way intra day. I expect this to stay like this until after Labor day. Most plays are day trading intra day momentum names on news and …
I have been writing about this range bound market all summer and SPY still stuck on range. Some damage in biotech names as our short alert from last blog on XON, SRNE worked really well . XON last 20 point since last post and SRNE lost 5 point. Our BIDU resistance short worked well with …
Ugly day in the market as some momentum was taken out of the market via bio and technology stocks. SPY basically stuck in range so far with 200 MA as support. QQQ found support in 50 MA and needs to hold that.As i have wrote in earlier post, market might get stuck in range for …
Slow summer market with SPY sandwiched between some moving averages. However higher low was put in on SPY Tuesday, so over 210 bull will get some momentum for a bounce. I am expecting range bound action for rest of the summer. Earning season continues and we are mostly trading earning related stocks in chat room …