szaman Slow summer market with SPY sandwiched between some moving averages. However higher low was put in on SPY Tuesday, so over 210 bull will get some momentum for a bounce. I am expecting range bound action for rest of the summer. Earning season continues and we are mostly trading earning related stocks in chat room …
Down day in the market. As expected, some consolidation/digestion is needed SPY holding short term momentum indicator, 8,20 and 50 MA. As long it stays over those moving averages, bulls are in control. Nice day for watch list names. FIT, CARA, ITEK, ACAD provided some nice day trading opportunity. I know many of you caught …
Bounce continues in the market after 200 MA held again on higher low. SPY now over short term momentum indicator, 8,20 and 50 MA. All in well for the Bulls. Although SPY can go for few digestion days. Earning season continues and we are mostly trading earning related stocks in chat room for decent gains. …
Big bounce in the market after 200 MA was held again on higher low. For Bulls case, gap was filled and 200 MA is holding yet again, now it needs get over 20/50 MA resistance and continue higher. For bears, still a bear flag below 50 MA and next tap down through 200 MA might …
SPY finally filled that gap to 208 that we have written about. Open gap on indices usually gets filled quickly, no exception here. Bulls needs to step up here with a bounce. SPY might get stuck in a range yet again. Many Chinese stocks looks to be setting up bear flags on daily charts, i …
Down day in the market but SPY managed to hold on to both 50 and 100 MA. Thursday’s low should be short term line in sand for the Bulls. A break below should test the 20 MA and a possible gap fill to 208. Regardless of market action, under the hood , decent trading action …