Trading Watch List 05.09.2016 | Bulls on Wall Street

Trading Watch List 05.09.2016

SPY finally tested the 50 MA after breaking below all important both 8 and 20 MA short term momentum moving averages as we have been discussing last few blogs.

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Bounce continuation is a possibility here , however now we have overhead resistance above at 8 and 20 MA as support becomes resistance. SPY also has a look of bearish head and shoulder pattern if stays below 20 MA 207.60 area. A close below 50 MA, 204 area  again could test 200MA.   It has been a  hit and run trading environment again on range bound market .For watch list I’ll be watching tech names for bounce continuation and some biotech for oversold bounce.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.
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LABU Biotech ETF,Oversold zone. Watching for a bounce soon. Red to green type of move and or over 25.
LABU Biotech ETF,Oversold zone. Watching for a bounce soon. Red to green type of move and or over 25.
ACAD Watching for a dead cat bounce if 26.50 holds.
ACAD Watching for a dead cat bounce if 26.50 holds.
SRPT Holding up really well during biotech sell off. Keeping an eye, might have more run if biotech bounces.
SRPT Holding up really well during biotech sell off. Keeping an eye, might have more run if biotech bounces.
CLF Watching for 50 MA bounce.
CLF Watching for 50 MA bounce.
FCX Holding support zone. Keeping an eye for next move.
FCX Holding support zone. Keeping an eye for next move.
X Tightening flag. Watching for a move either way soon.
X Tightening flag. Watching for a move either way soon.
TSLA Holding 100 MA. Continuation bounce watch over 216.
TSLA Holding 100 MA. Continuation bounce watch over 216.
NFLX Short term double bottom look. 8 EMA has been resistance. Could get a continuation bounce over 91/91.60 area.
NFLX Short term double bottom look. 8 EMA has been resistance. Could get a continuation bounce over 91/91.60 area.

Strongest tech. name. Continuation bounce watch .
Strongest tech. name. Continuation bounce watch .

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