szaman Nice rally in the market. SPY is back above trend line and all the moving averages, however it is almost at the top of the range. During the indices sell off, individual stocks were doing well, so broader market finally catching up with the stocks. Some great action in stocks from previous watch list. SHOP …
Range bound market action. SPY is “sandwiched” between 20,50 and 100 MA. Support at 207.79 with resistance at 212. All chop in between. However within the range there are plenty action in individual stocks. You just have to be quick …
SPY had its 100 MA bounce as expected . As I wrote in last post,even if SPY bounces ,it will be facing many overhead resistance. Surely, Bears pushed back on trend line resistance. We are back to no mans land …
Indecision day in the market after SPY tested and so far holding the 100 MA. If Tuesday’s low holds we might see a bounce but SPY now have many overhead resistance on top.SPY still under the uptrend line so 1st …
Range bound action continues in the market. SPY barely holding on to 50 MA. If breaks, 100 MA next and it will still be within range. Still a stock picker market as action on individual stock remains strong. I will …
Reversal day in the market after SPY failed hold onto 20 MA breakout of the downtrend line. So here we are ,back to lower range and at 50 MA. We have seen this game before, just when it looked like …