szaman Market stuck in a bear flag range. SPY now has many overhead resistance on top like 50 and 100 MA and trend line. A break down 205.28 could see 200 MA . Market is still in Bear territory so be careful out there with break out and long plays. Be sure to take profit quickly …
SPY finally broke down the range after braking the trend line and 100 MA support. After a big down day on Monday, not an impressive bounce Tuesday, If 205.28 goes , we are looking at a fast flush to 200 MA. Even if SPY has bounce there will overhead resistance at old 100 MA then …
Another down day in the market but SPY managed to hold on to both 20 and 50 MA. Still in range bound market below 212.60 and above 100 MA. Chinese stocks has been hit hard as China stock market continues to plunge after a parabolic run . However, some this Chinese stocks are getting stretched …
Pull back in the market an SPY closed right on both 50 and 20 MA. SPY stuck back in range. Bulls might to try a bounce here if not next support is on that good old 100 MA and bottom of the range. We keep on trading the range, short ideas from previous blog, INSY,HRTX …
Slow summer trading day in the market. SPY is in consolidation move with pocket of strength in few selected stocks. Not much action in last few trading days. Market seems to fall a sleep after first couple of hour after open. Typical summer trading environment. SEED, SGYP(short) ,AXDX YY, few names from previous watch list …
Pull back day in the market after a healthy run. Few days of digestion will be ideal here to setup new stocks. SPY has dual support at 20 and 50 MA 210 area but given the recent price history ,in this market short term support can crack quickly only to recover it right back. Health …