Flat day for SPY, basically doing nothing and stuck in a range.
Nasdaq holding support for now but looks vulnerable.
Trading action in individual names/sectors remains hot as we have some rotation from sector to sector which can be traded via both long and short. Biotech is the leading sector as money seems to be rotating out of tech to bios. NVDA range break idea gave a nice short trade Monday.CALA,ALNY recent biotech watch list name, decent action there too. Hit and run long and short trading working well while market in range.
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.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Check out our newest Offering “Bulls Vision” ! A brand new screen share product! See through the eyes of
@kunal00 while he trades live everyday.