szaman Decent sell of in the market on the last day of the month and 1st quarter. Bio tech stocks were most interesting trades for the day as many names ran to resistance or nearest moving averages this morning and faded. I wrote in the last blog post that biotech bounce had some room until next …
100 MA still holds in SPY as indices trying to bounce. Thursday’s low needs to hold for the bounce momentum to continue. If SPY lose 204 again, that might bring some follow through downward momentum on bear flag break. Biotech …
There are certain days in the market, called a “trend day” ,it could be an uptrend or a downtrend day but there will be days when one prominent trend will take over. Today April 25th was one of those classic trend day to the downside. As a trader you need to recognize what is the …
Consolidation in the market but decent action in individual stock both long and short. During this type of Bullish consolidation usually there will be some random names that will have a big run. Today we had those type of run in RADA, CAPN , SEED. So wactch out for those type of runners intraday. I …
Slow digestion day in the market. Decent action in individual stocks both long and shorts. Watch list has few names that looks good for continuation run into tomorrow. Biotech still the strongest sector and dips are still getting bought on strong bio names so watch out for them.If you are struggling with your trading or …
Reversal day in the market after the day SPY managed to reclaim the 50 MA. SPY needs to hold the trend line and 100 MA support 204/204.50 area for now. Bulls need to stop up here otherwise bears will ave …