Trading Watch List 03.22.2017

Biggest red day of the year for  SPY as stocks tumbled all across the board.


















If your are a regular blog reader, I have been writing  about how indices were masking underlying weakness in many individual names and sectors.Narrow leadership in stocks and sectors as market breadth( Number of advancing stocks vs. number of declining stocks) were continuing to deteriorate.  SPY closed below both 9 and 20 day short term momentum moving averages ,Friday and Monday without any bounce attempt All those divergences finally caught up with indices with this strong sell off. Many eyes will be on SPY 50 MA. Game plan will be if market has another gap down open, I’ll be watching for some dip buys. If market opens green, I’ll be watching for potential green to red short plays.














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BLUE Another flush to 80 could catch a bounce, if not 50 MA next.
CLVS Another flush to 62.50 could catch a bounce, if not 50 MA ,61 next.
NVDA Potential green to red short play if opens green.
TSLA Potential green to red short play if opens green.
XBI Biotech ETF,50 MA bounce watch via LABU.
GS Another flush to 230 or 227 area could catch a bounce.



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