szaman Slow low volume relief rally as expected after market made a “cute” double bottom on previous low. As i wrote in the earlier post , I do not think we have seen the bottom yet, however if 181 holds , market might have a short term …
Cute bounce off SPY previous January low 181 area. I do not think we have seen the bottom yet, however if 181 holds , market might have a short term relief rally. Technology stocks were strong, oil holding the low for now. Laggards are the banks and …
Hit and run market action continues. Nice rally at the open after high beta “FANG” names like AMZN, NFLX, FB,GOOG managed to hold Monday’s low. If you were watching those names at open, (You should because this high beta names provide biggest range for short term trading and moves big with general market move, reason …
Nasty day in the market after SPY broke down the bear flag pattern that I mentioned in last post. As i write on the last post,”A low below Thursday’s low , 190 area will break the short term momentum, 20 MA. Bears might make a come back again …
Flat day in the market with many chops in between intraday. Technology stocks remain weak and relative strength in metal, energy and financials names. Seems like sector rotation in play, tech/bio money going into sectors like metal, energy and financials names. Some nice plays from last …
As I wrote in the last blog, “Market still in bear zone below down slopping 20/50/200 MA…So far this year rally attempts haven’t had much of a follow through so i will be watching how bears reacts here or at the next resistance zone 195. If the trend remains the way it has been this …