Watch List 02/06/2015

Good day for the Bulls as SPY was able to catch a follow through up move after usual top of trend line  fade  on Wednesday.                               SPY broke out of the down trend line but stopped  right on resistance. If Bulls can …

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Watch List 02/04/2015

Buy the dip script continues in the market. As soon it looked like market going to break down the range, dip buyers showed up yet again!                               So now we are approaching the overhead resistance of the range, it will be …

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Watch List 02/02/2015

Range bound action continues in the market. All the rips get faded and dip still getting bought.                               Range bound action continues in the market. All the rips get faded and dip still getting bought. Dangerous choppy trendless market out there. …

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Watch List 01/29/2014

Not a great day for the Bulls as gap up after exciting  AAPL earning was quickly faded.                               So far this year has been buy the dip and short the rip for the indices . As you can see from the …

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Watch List 01/26/2015

Small pullback in the market.                               As i posted in last blog, after the big run we had , some pull back and digestion is expected. SPY now above 20/50 MA and trend line support. Some digestion here will setup some …

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Watch List 01/23/2015

SPY finally breaks out of the flag and over both 20 and 50 MA.                               Given the move we had in last four days , i wouldn’t be surprised to see a choppy, range bound Friday. Due to current volatility in …

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