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Ugly action continues in the market after that 30 minute chart range breakdown on Wednesday. SPY tested weekly horizontal support 270 area. Needs to close the week over 274, 50 MA on weekly chart. QQQ broke 200 MA, needs get […]
The market has been in free fall over the past few days. While it’s tempting to want to aggressively trade when downside volatility goes through the rough, this is not the time to up the trading frequency. This is the […]
“It’s not a loss until you sell.” “I’ll sell when it starts going back up.” “This is a great company, I’m in it for the long haul.” “It’s cheap at these prices I’ll just buy more down here”. “I’m going […]
Pretty lame bounce in the market after being so oversold. SPY not much traction. Needs to break range in 30 minute chart. QQQ Bouncing 20 MA, again not many conviction buyers around.Needs to break range in 30 minute chart. IWM […]
The stock market is at a key inflection point. After getting beat down over the past few days, the indexes put in weak, but still technically sound rubber band bounce reversal candles. Now the question is, how do we play […]
Tesla has been one of the most controversial large caps stocks of the past year. There are several key incidents in the past 2 months that have gotten Elon Musk in trouble with the SEC, and have lead to some […]
Another ugly day in the market. However indices and many stocks bouncing some moving average support. SPY break of 50 MA but closed back over 50 MA. Small cap index, first one to start sell off, bounced 200 MA. […]
SPQ, QQQ finally went IWM way with a vicious sell off. Came close to 50 MA and bounced. Most likely a choppy inside day Friday after a big range day Thursday.Indices all under 8/20 MA so caution warranted with swing […]
Everyone idolizes the day trader lifestyle. It does have a ton of amazing perks, but it also comes with a major shift in habits and lifestyle changes from the traditional job. In order to understand the lifestyle of a day […]
SPY, QQQ holds up well. Small cap , IWM , different story. Major rotation out of small cap continues . However, IWM is getting oversold and i am expecting a bounce soon. Ideally on red to green move at open. […]
