SPY gap down below 20 MA support, failure to remount did set the stage for a text book trend down day. Ideally , a test of 50 MA and gap fill would be great for a bounce trade, if it gets there. Bulls need to remount 20 MA again, until then short term bearish bias. Here is my stock trading watch list for tomorrow:
If you're unsure of trading strategies,struggling with your trading or learn how to trade we teach a 60 Day Trading Bootcamp that covers everything you need to know about trading stocks from A-Z. Whether you're a part-time trader or day trader, our bootcamp will give you the tools you need to succeed in the market. Click here for more info.
We also alert traders of our entries and exits in our day trading chatroom where you can watch Kunal trade on live video and interact with other traders like myself. Click here to join.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
AMD 50 MA has been big support zone. See if this holds.
VRRM Watching over 14.
JMIA Not cleanest setup but a higher low. Could get a pop on red to green type move.
SEDG Big volume earning mover. Watching for continuation run. Ideally a weak open and then through 54.50.
CBLK Range breakout watch.
SMAR Holding up well. Watching over 42.30.
GH Holding up well. Watching over 70.
KL Strong gold stock. Closing over 500 MA resistance. Should have more if market stays weak.
PINS Not cleanest setup but watching 29.20 area for pop.