Another day where market sold off on good earning news from AMZN, MSFT, INTC.
We talked about some fading on resistance on last post, QQQ gap up open to 50 MA and faded on cue. Needs to breakout of 50 MA for some bullish momentum and trend line breakout. Else market basically stuck in range between 50 and 200 MA. Not the best price action in most stocks. Hit and run trading for us both long and shorts. Will be mostly focusing on earning news related stocks as some big earnings coming up next week.
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