Evening folks. Nice day in the markets today but the move in the indices was pretty much made on the gap. After the opening the market pretty much ping ponged around in a range. It did seem a couple times like weakness wanted to come in but every time that scenario presents itself the dip gets bought. The action was still encouraging as we broke the october swing highs in the spx and closed above them. Another positive i saw today was the strenght in the russell2k. After its morning gap it never broke intraday support. It stayed in a range and closed up 1.5% for the day. When the market is in a momo mode you want to see the russell2k leading the pack. We had a decent day in chat sold out of our overnights in $sppi +50 cents $jva +50 cents $avii sold my last shares for 14% gain. Took a bath in $nvax though selling for 7% loss. These gap up days are tricky as you can see potentially epic setups for daytrades but they just dont have the indices behind them due to the gap so they go 4-5% but just cant go nuts as the market is chopping around.
i held $pzzi $mtg $sd $sify overnight for swings.
subs got a special treat by the bengali tiger @szaman who put together a special list for you guys study this! this guy has been redhot for months
and big willy’s watchlist by mbwilloughby
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