szaman Consolidation day in the market as some short term moving averages try to catch up with price. Expecting some choppy trading in consolidation period. Be quick with trading during this phase. I am watching oil names again if oil holds …
Slow grind up days in the Market means not much volatility for short term traders to hit big runners intraday. Wednesday also has FOMC minutes at 2 PM, might bring some volatility back. Oil chart putting in a nice basing pattern so i will be watching some oil names for action. Some bio tech names …
GENE one of the momentum stock that attempted to break out on Wednesday. It was not a successful breakout as the stock was faded later in the day and it closed back in the range. Since break out was not successful , it is safe to assume there …
Healthy basing action in SPY on top of the range. Our game plan from last blog , shorting extended oil names and mini inverse relation between oil and biotech stocks worked out really well last two days. We had some …
Nothing new to report. After trying to break out of the range, SPY was faded yet again are we are back to the range again. Oil run continues , however some oil stock are getting extended. I will be watching …
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 …