Wild roller coaster action continues in the market. Expected large wide ranges . For active day traders,some nice opportunities to day trade intraday swings both long and short. We are mostly focusing on ETF’s like TQQQ, TVIX, JNUG.
SPY ranges beginning to tighten up a bit. Closed below 200 MA but held round number 300. See if 300 holds or remounts. There is also possibility of testing recent lows. Active traders, keep an open mind and trade the price action.
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Here is the watch list and game plan:
Again, given the volatility,I will be mostly watching ETF’s like TQQQ LABU, SSO,JNUG,TVIX and some highly liquid tech names for both long and short trades. Volatile market out, if you are not sure what are you doing, it’s better to stay put until market settles down. Business as usual for active day traders, buy support, red to green and sell/short the rips with defined risk/reward in mind.
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Early-Bird Pricing Ends Soon!
Early-bird pricing for our next Live Trading Bootcamp ends March 7th. We are only offering the discount to the first 10 accepted applicants!
Click here to Get the Early-Bird Discount For Our Next Trading Bootcamp!
