Trading Watch List 06.29.2016 | Bulls on Wall Street

Trading Watch List 06.29.2016

Bounce day in the market.Not surprising after two days of massive drops.

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SPY filled Monday’s gap and back over 200 MA and into the range again. Now that market had it’s bounce things gets a bit difficult. Mainly is it just a dead cat bounce before rolling over again  or is this the beginning of next “V” shaped bounce that bulls have become accustomed too.There is no easy answer only time and price action will tell the story.  Technical action was solid Tuesday as SPY closed at the high of the day. Market certainly has bit  more room for upside but it is still too early to have faith in sustainable bounce continuation. But as long volatility remains , it is as always  great for active traders.  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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ACAD Closed above 200 MA. Has room to move up depending on market direction.
ACAD Closed above 200 MA. Has room to move up depending on market direction.
ACIA Could get a pop over 38.80.
ACIA Could get a pop over 38.80.
AMBA Still on bull flag pattern over 20 MA.
AMBA Still on bull flag pattern over 20 MA.
MBLY Has the look of a breakout retest so keeping an eye on it.
MBLY Has the look of a breakout retest so keeping an eye on it.
NUGT Gold miner ETF. Range is getting tighter. Watching for a move either way soon.
NUGT Gold miner ETF. Range is getting tighter. Watching for a move either way soon.
TNA Small cap 3X ETF, only one that didn’t fill the gap .Watching this 56.50 for a gap fill.
TNA Small cap 3X ETF, only one that didn’t fill the gap .Watching this 56.50 for a gap fill.

TSLA Tapping the resistance. Could fade here or go for the gap .Watching for a move based on general market direction.
TSLA Tapping the resistance. Could fade here or go for the gap .Watching for a move based on general market direction.

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