Gap up and rally day after good earnings news. Market even higher after hours due to more good earning news from AMZN, INTC.MSFT.
SPY 50 MA, 268.50 resistance coming up and then 270 is the big one. At some point tomorrow , I am expecting some fade the good news rally and some profit taking .
QQQ same thing. 50 MA resistance coming up and would not be surprised to see some fade around resistance. So i’ll be watching for some index shorting. Watch list names might all gap up along with market, so do not chase , wait for some type of intra day setups.
If you are struggling with your trading or learn how to trade you need to check out our trading courses. Our program is designed in such a way that you come out of it ready to trade live in just 3 months. We teach you everything from risk management to scanning to trading strategies. I also share my profitable intraday trading strategy which will make you money short term regardless of Market condition. The class is one of a kind, see why you should sign up for the course here . You will also have access to a private community where you can ask questions, share charts and talk with the instructors or other traders. You can also check out the testimonials from our students.
Also if you are interested in our day trade alert services and chat room Check them out here.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Check out our newest Offering “Bulls Vision” ! A brand new screen share product! See through the eyes of
@kunal00 while he trades live everyday.
