News headline strikes again on a technically vulnerable market. SPY bounced 200 MA on 1st tap, second time usually doesn't hold and here we are. Next support at 272.40 area. Although market is oversold, a bounce would not be surprising either. Volatility is back , be cautious ,hit and run trading only. Market is broken short term and bears are in control below 200 MA. Our watch list names like BYND, LK, ZM, JMIA gave some decent opportunities despite market weakness. Watch list contains few names that are still holding up well. Here is my trading watch list for Monday:
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MTCH Holding up well. Watching if 20 MA holds here.
JMIA Creeping up from our 25 alert. Watching for intraday opportunity.
LYFT 58.79 could squeeze this stock.
ROKU Holding 8 EMA support 89.80 area. Needs to hold for a bounce else could be a fade.