Market closed up about 1% for the week. After some real weakness and a strong breakdown from the 50dma we have had a bounce right back into resistance. That is our line in the sand the market will be in a bit of a standstill till we get over that level. [screencast url=”http://screencast.com/t/uw9cFaCowLdp” …
Down week for the markets last week with the s&p 500 down 1%. The trading action wasnt particularly good last week as the market as we are experiencing some volatility and choppiness as the market is sandwiched between support & resistance zone which needs to settle. Once the range is solved we should get …
S&P 500: +0.78% Nasdaq: +0.39% Russell 2000: +0.35% Wild action last week. After having a couple breakdown patterns follow through last week we had a classic pullback to support and bounce. The same oversold rubberband setup came into play and bounce we went. Any upside follow through above the 20dma …
Hey guys. @mb_willougby one of our great traders has volunteered to run a weekly study/help session. Its open forum in our chatroom so you can bring your questions, charts, anything that you want to talk about. Im seeing a lot of progress in the chatroom from many of you guys. Your starting …
Another great start of the week in Bulls chat room with $2703in gains. CZR was one of the trade we took in the chat room. Daily chart was holding above both 20 and 50 MA. As you can see on Friday it tried to break below …
Russell 2000: +2.49% Nasdaq: +2.28% S&P 500: +1.74% Nice week for the markets after some nastiness the previous week. We pulled right back to support and bounced back to the top of the range. Between jobs report, earnings, fed meeting there just might be enough catalyst to take us out of the range. …