szaman Low volume coiling action in Market during the holiday week. A move should be coming soon as traders comes back from the holiday. As I mentioned in my last post , holiday week usually is good for run in low float small cap stocks. No exception this …
Another slow choppy day for the indices, Given this is a short holiday week, Market might stay the same way for this weak. Usually this the time of the year when you will see random low float stocks make big run. We had that last week weak with stock like KBIO and MCUR. So watch …
Nice rally on Wednesday followed by a slow choppy Thursday action for the indices. Break of Wednesday’s high should gave Bulls some momentum to push higher or market just just base around a bit. Leader stocks AMZN, FB,NFLX , GOOG continues to act well but could use …
Market finally had it’s oversold bounce Monday and a choppy Tuesday. SPY tried to make another push on Tuesday and found resistance at upper trend line;not an ideal pattern bull wanted to see here. Tuesday’s low needs to hold for now or we might see some weakness. …
Sell off continues in the Market with weekly charts looking bearish for the indices. However, in the short term time frame market getting oversold. SPY next support 50 MA, 201 /200 area. So at this stage of sell off i will be watching for some reversal bounce …
Decent pull back day in the market. No surprise there as i wrote in my last post, Bulls want to see Tuesday’s low holds.A move below Tuesday’s low could see SPY at 200 MA and a gap fill next. SPY gapped down Thursday below Tuesday’s low and …