Watch List 05/09/2014

Not a bullish day in the market as small cap  index IWM faded right on that 200 SMA. Until IWM  takes out that previous support and current resistance 200 MA,market look vulnerable to long side. Great action from short setups from previous blog. Most names like VIPS,YY,NOW ,WDAY  yet to have a green day since …

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Watch List 05/7/2014

Not a good for the bulls in the market as selling came back in momentum names and small cap index IWM closed below 200 SMA after being bounced off this level few times.Let’s see if Bulls defend this level yet again. If you are struggling with your trading or learn how to trade,then you need …

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Watch List 05/05/2014

Digestion day on Friday in the Market as SPY looks to be gearing up for a break out,technology QQQ  pausing at 50 MA and small cap IWM 20 MA resistance. If QQQ and IWM can take out the moving average resistance , that should help SPY to break out so should be an interesting week.If …

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Watch List 05/01/2014

Green day in the market. Impressive action by SPY, given lack of participation from momentum names, makes you wonder what might happen if beaten up momentum names starts to rally. Small cap IWM defending 200 SMA and technology QQQ holding 20 SMA. So anything is possible at this point and i am leaning toward some …

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Watch List 04/29/2014

Volatile day in the  market, we had a gap up open,gap fill, bounce, fade and more fade and just when SPY looked like it will break down below 50 SMA, big bounce !  So SPY bounced 50 SMA and small cap IWM bouncing 200 MA and on the lower bollinger band.bulls need to defend these levels …

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Watch List 04/28/2014

Sellers are back with vengeance after a brief pause in the Market . Although SPY has some support on 50 DMA, technology  index QQQ and small cap index  IWM  now have bearish head and shoulder pattern on immediate term and bear flag on short term until they get back over 50 DMA. So just be …

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