evening folks! The market put on a hell of a show today. We start off weak sucking everyone in! at one time i had 4 shorts going at the open and 2 of them i had some really good profit going and then snap! we had an intraday reversal and a large rally. The market went straight up for a good hour before it even sneezed at an intraday dip. Which drove me fucking bonkers as i had shorts that i covered and needed some longs but the market wouldnt rest and i didnt want to chase. Thats classic shortsqueeze type action…not giving anybody an opportunity to get in…then eveyrone chases and the squeeze is on. Lot of stocks in play today which is always important some big ranges on stocks like $fslr $kors $nav these type of stocks they offer opportunity to the longside and shortside all in 1 day. Gameplan for tomorrow Im cautiously optimisitic. It seems like we are starting form an inverse head and shoulders on the s&p index we have some more strenght we could squeeze right to the 50dma. But then the market of late has been full of surprises…so trust nothing!
Check out our BULLS PRO membership. If you have less then 25k and cant daytrade this is the best way to go as you can daytrade with our prop firm with even 3k and it gets you FREE MEMBERSHIP to our chatroom and site! email me email@example.com if you got any questions
Here is todays video:
[screencast url=”http://screencast.com/t/91r1oQGBL2″ width=”” height=””]
[screencast url=”http://screencast.com/t/NCew2g6QWdTI” width=”” height=””]
[screencast url=”http://screencast.com/t/0EzQYeBOH” width=”” height=””]