Trading Watch List 06.08.2016 | Bulls on Wall Street

Trading Watch List 06.08.2016

Grind up flat action in SPY , even though the close candle wasn’t very inspiring  for tomorrow.

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If you are swinging long, just be cautious as Tuesday’s candle has that reversal type look. Market is also overbought , some sideways action and pull back wouldn’t be surprising. SPY support is on our short term momentum moving average , 8 EMA on a closing basis. As far as daily chart setup’s , not finding much. Most names are extended  and can use some digestion. We are mostly focusing on low float speculative momentum runners of the  for day trades. They are offering most ranges out there. Check out HMNY, one of our day trades in chat, We were long and then short on this for huge gains for the day.

hmny

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

So I’ll be focusing more on this type of runners on intraday 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.
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LABU Biotech ETF, consolidating for next move higher, keeping an eye.
LABU Biotech ETF, consolidating for next move higher, keeping an eye.
LNG Energy name. Range break watch over 36.
LNG Energy name. Range break watch over 36.
NFLX Having issues with trend line. Might get a flush to 50 MA if market weakens.
NFLX Having issues with trend line. Might get a flush to 50 MA if market weakens.
TSLA Good volume move but 50 MA resistances for now. Next time through 50 MA could get a run.
TSLA Good volume move but 50 MA resistances for now. Next time through 50 MA could get a run.

WYNN If this can rest a little, over 102 should be a nice breakout.
WYNN If this can rest a little, over 102 should be a nice breakout.

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