szaman Flat day in the market after SPY broke out over that downtrend line and physiological 200 mark. Next resistance at 203, 204 and 206. SPY 204 and 206 area has big overhead supply/resistance so there might be some choppy trading zone up there after the big run …
Nice day for bulls as they finally were able close SPY over that downtrend line and physiological 200 mark. Next resistance at 203, 204 and 206. At the same time, market getting a bit overbought so a fade is also a possibility. Gap to 195.40 still …
Digestion day for the Market after SPY had a big run off the lows and then hitting the trend line . Few days gentle digestion would not be bad to setup some stocks again. SPY has a gap to fill and 20 MA at 195 and odd …
Impressive run by by the bulls continues. SPY finally over 20 MA and still has room up to move to 50 MA 200 area. Biotech names also had nice follow through. IBB still has room to 20 MA 334 area. Super action from …
We finally had our biotech bounce as expected in the last blog. Solid action by the Bulls today as they managed to hold the bounce. SPY definitely has some room to move on top specially to 20 MA 195 area. Market still in Bear territory so …
Market managed to close green but it has to be one of the saddest green close ever.Bulls just can’t get any momentum going! On my last post i posted chart for leader stocks TSLA, AMZN and FB and mentioned they were finally showing sign of weakness. They all broke down finally and bio tech stocks …