<![CDATA[SPY broke short term trend and closed below 8 day EMA. Not surprising given how our "go to" momentum names like ROKU, ZM, CRWD, RVLV,SHOP,TWLO started cracking on Monday and caught a trend down follow through Tuesday. SPY 290 next support followed by 50 MA, 288 area. Bulls want to see 8 EMA remount. Slim picking as far as watch list. Will be watching few beaten up names for quick bounce play. Here is my stock watch list for tomorrow:
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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 [caption id="attachment_56134" align="aligncenter" width="800"] IWM Small cap index stopped at 50 MA. See if this holds or breaks and the remounts for a bounce.[/caption] CHWY Could be a quick bounce play over 32.50. [caption id="attachment_56136" align="aligncenter" width="800"] RVLV Inside day. Watching for a bounce over 35.50, ideally on a red to green type move.[/caption] [caption id="attachment_56137" align="aligncenter" width="800"] LYFT Holding up surprisingly well. Watching for a range breakout.[/caption] [caption id="attachment_56138" align="aligncenter" width="800"] ROKU Filled the gap without any bounce. Minor support at 90 and 50 MA next.[/caption] ]]>