Watch List 09/24/2014
Weakness continues in the market . As I mentioned in the last blog post, “This divergent in individual stocks and Indices might catch up soon one way or other”.It finally happened to the down side. Spy …
szaman
Watch List 09/22/2014
Red day in the market as SPY hit the top channel of the broadening pattern and backed off. Spy has support at 50 MA and bottom channel of that pattern. We are basically stuck in a big range. …
Watch List 09/19/2014
Another positive day in the market as SPY tapping the highs, however market breadth was poor , not many upside runner out there and many momentum names were week . Shorting recent momentum stocks was more profitable today than going long,strange action for a market at highs .Just something to keep in mind . SPY …
Watch List 09/17/2014
Bounce day in the market as SPY found support in lower range of bollingar band and we are back over 20 MA. Bulls want to see a hold of the lows today and follow trough on this momentum. …
Watch List 09/15/2014
Down day in the Market as SPY finally closed below strong 20 MA support. Next support is on 50 MA 197 /197.50 area. Even in broader market weakness, plenty of low float or IPO …
Watch List 09/11/2014
Bulls showed up on cue as SPY bounced right on 20 MA and support area. Now a continuation is needed, a breach of that 20 MA will make the door open for a test of 50 MA. 197 area. …