Trading Watch List 09.10.2015 | Bulls on Wall Street

Trading Watch List 09.10.2015

Gap up day in market but failed miserably on 20 MA and and previous resistance.spy

If you look at a 5 day chart of SPY, you can clearly see that gap ups have been fading lately.

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Market still in bear territory, so easier trading has been shorting the gaps as we have doing in our chat room with some really nice gain with minimum risk. No reason to change the game plan that has been working so far. Market needs to prove itself and SPY now has clear resistance at 199.47 , short term  support at 190.70 area and all chop in between which can produce some nice day trading opportunities. We are sticking to day trades only , shorting resistance and buying support. You only get so many opportunities during the year for a volatile day trading environment. It leads to some more stress as the losses can be magnified but if your  day trading strategy is strong you can compensate and really get some amazing returns.

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FB Faded at resistance and 50 MA. Needs to get over 50 MA for bullish action. Range bound trade long/short trade meantime.
FB Faded at resistance and 50 MA. Needs to get over 50 MA for bullish action. Range bound trade long/short trade meantime.
NFLX Faded at resistance. Needs to get over 102.79 for bullish action. Range bound trade long/short trade meantime.
NFLX Faded at resistance. Needs to get over 102.79 for bullish action. Range bound trade long/short trade meantime.
SHAK Setting up a bear flag again. Keeping an eye.
SHAK Setting up a bear flag again. Keeping an eye.
SHOP Looks sick. Watching for continuation down.
SHOP Looks sick. Watching for continuation down.
TRVN Range is tightening. Watching for a move on either direction soon.
TRVN Range is tightening. Watching for a move on either direction soon.

TSLA Faded at resistance. Needs to get over 50 MA for bullish action. Range bound trade long/short trade meantime.
TSLA Faded at resistance. Needs to get over 50 MA for bullish action. Range bound trade long/short trade meantime.

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