Consolidation phase in the market.
Even though indices stuck on a range, there are some great action on individual small cap names and earning related stocks. So watch out for those on intraday setups. Stocks like SPHS went up over 35% intraday and then closed down 5% for the day. That some range that active traders love! If you follow me on Twitter, i mentioned $SPHS a bear flag at 8.10 and added some shorts. Beautiful flush on this.
FOMC interest rate decision on Wednesday. Might act as a catalyst to take market out of the 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 @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.
.
