Trading Watch List 02.22.2018

Not the best looking charts for indices after the action today.


















Market was on it’s way to a break out until the end of the day when things fall apart quickly. SPY closed at the 8 EMA , 270 area. Big spot here. A break below 270 opens the door foe some more weakness . Bears will push the market down on the bear flag break. Market might test the low’s or make a higher lows’s. We do not know that until support holds and/or on reversal candle, day to day basis.  Stay nimble and have an open mind. Volatility is creeping back again and there is a possibility that we might see panic type move again. Panic knows no support. For bulls case they need to defend 270 and close over 270.

On a side note, i will be taking off few days starting Friday. There won’t be a watch list until the end of next week. Be safe and happy trading!

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DWT Short oil ETF looks good for a flag breakout.
NFLX Rejected at breakout. Needs to set again. Needs to test some moving averages.
ROKU Tanking after hours on earning news.39 area big spot , if breaks might fade even more.
SHOP Will watch for a bounce on 20 MA.
SNAP Needs to hold this support else might fade.
SQ Needs to hold 20 MA and build.
TWTR Still a nice looking flag. Keeping an eye.
UVXY On radar for a day trade if market continues to weaken.
WBAI Rubber band short play on an intraday setup.



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