szaman Down day in the market but SPY managed to hold on to both 50 and 100 MA. Thursday’s low should be short term line in sand for the Bulls. A break below should test the 20 MA and a possible gap fill to 208. Regardless of market action, under the hood , decent trading action …
A red day in the market after a big run by the Bulls. SPY has layers of moving average support below and a gap to fill to 208.Healthy pullback is needed to setup some extended stocks. Earning season is here so we will be focusing on earning related plays and intraday momentum plays. Slim pickings …
Bulls keep on rolling after the good earning from GOOG on Friday. Technology ETF QQQ is on all time high. Earning season is here so we will be focusing on earning related plays and intraday momentum plays. VLTC ,one of those momentum names that we were trading on Friday with some really nice gains. Usually …
Nice rally in the market after SPY manged to hold 200 MA. SPY now over all the moving averages but short term overbought. Few days of digestion will be great to set some chart again. It also has an unfilled gap to 208, that is expected to be filled. If you are struggling with your …
Another gap up day in the market but unlike Thursday , market was able to follow through somewhat and stayed green . Spy is holding 200 MA now and will most likely go for overhead 20/50/100 MA and trend line resistance. Chinese stock also had follow through bounce via gap up and most faded and …
Not a good day for the bulls as the gap was faded all day in the market and it closed on low of the day. Typical bear market action out there as you can see any rally attempt has been faded off. Many were hoping for 200 MA bounce and hold but SPY has been …