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Bulls on Wall Street: Stop Guessing. Start Trading.

Big gap down at open but bulls stepped in bought the dip.


Market now in a short term tight range. SPY support 246 with resistance at 251.40. A break over 251.40 could test 257 and 260 zone. Everything looked great until AAPL earning down guidance after market. All eyes will be on APPL and how market reacts to negative earning news  tomorrow. So pay attention to AAPL price reaction. SPY,a break below 246 and staying below should see some more selling. Range is getting tight so keeping an open mind for all possibilities. If market holds up despite AAPL news, there might be some more squeeze. Slim picking again as far individual stocks setups. Action still index driven for most stocks, so  sticking with trading ETF's. Out go-to ETF's TNA, LABU, TQQQ gave decent opportunities on intra day dips. So keeping an eye on higher low setups.

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CGC 28 trend line breakout idea worked well. Needs to remount 20 SMA now.

APHA Pot name.Watching 6.20 area.

LABU Biotech leading the pack by closing over resistance. Watching for red to green type move

TNA Small cap ETF. 39.84 support . 43.27 resistances. Whichever way it goes.

SQ 20 SMA magnet over 57.83.

TQQQ Technology ETF. 34.73 support. 38.23 resistances. Whichever way it goes.

About szaman

Sayed is a veteran of the stock market, receiving acclaim for his hot stock watchlists. He trades in the Bulls room and blogs for the site, sharing his watchlist and market analysis daily.

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