Market sitting right on support mulitple layers. I still like it above spx 1300. We are also starting to get oversold shorterm which should lead us to a bounce at some point. AS of this moment my first inclination is to sell into any bounce as we have been having gap reversal days not for almost 2 weeks. These gap reversals really suck the life out of the market and traders themselves. Lot of the plays I was playing yesterday there was such little follow though. Traders selling into every 5 cent spike ruining what otherwsie were good setups. One thing i did see was a lot of good swing setups showing up on my scans so I view that as a positive.
Im at the airport now so im going to just post the charts.. this boingo charges like 10 cents a minute so no annotations!
TOP SWING PICKS: REDF AND WNR i sold 1/2 wnr yesterday on gap up then added back 17.40s im loaded..
it seems to bounce
i got a whole host more…
subscribers i made the watchlist via video blog on the premium site with exact ways on how to play these stocks entries, exits, management etc
p.s just found out boingo is .19 a minute shoot thats how much i love u guys
i will be landing at 9:40 will be at my hotel by 10:30 in chatroom at 10:35 am.