Strong market action after that follow through day on Friday.
SPY hit our first target 257 area and still no sign of backing down. Index’s tend to overshoot support or resistance. So 260 followed by a run to 50MA still a possibility. SPY 254 is the new short term support.Seeing some strong action in individual stocks ,specially in leadership Enterprise software names like TWLO, TEAM , MDB, KEYS, WK etc.Nice action from our watch list as well. SQ, ROKU, TNA, LABU,PTLA, KEYS all gave some nice trades. Watch list contains some name, that still has room to upside.Rising tide lifts all the boat. Will see if they catch some pop.
If you’re unsure of trading strategies,struggling with your trading or learn how to trade we teach a 60 Day Trading Bootcamp that covers everything you need to know about trading stocks from A-Z. Whether you’re a part-time trader or day trader, our bootcamp will give you the tools you need to succeed in the market. Click here for more info.
We also alert traders of our entries and exits in our day trading chatroom where you can watch Kunal trade on live video and interact with other traders like myself. Click here to join.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman