szaman Nice year end rally in the market. SPY back over the down trend line and all the moving averages. Leader stocks like AMZN, TSLA, GOOG came back alive and lead the year end rally. We were trading mostly FANG stocks like AMZN, TSLA , NFLX, AAPL …
Indices ran into first resistance and top of the upper range. As i wrote the last post, SPY could run into 206.50 area and it will still look like bear flag and here we are on top of that bear flag range. It should be an interesting …
We got our “rubber band” bounce on SPY as we expected from last blog post due to the fact, markt was getting oversold and completely out side of Bollingar Band. SPY still under all moving averages. This bounce can continue up to 206.50 area but it would …
Bear flag scenario played out in the market after fading at resistance and a close below all moving averages on Thursday. SPY back to that 200 support area but support becomes irrelevant on multiple test. However, SPY is now getting oversold and completely out side of Bollingar …
Interesting day in the Market, after 3 days of rally, market gapped up and failed at that trend line.It is not unusual to see a mild pullback/resting but the sell off today was rather violent. SPY closed below all major 20, 50 and 200 day moving averages …
Gap up and stalling at moving average day for the market. Leader stocks. FB,AMZN,NFLX ,GOOG all has the same moving average stalling action. Wild card now is the FOMC interest rate decision announcement on Wednesday at 2 PM EST. Would be interesting too see Market’s reaction to …