Tricky market with China tariff headline news risk. SPY keeps on holding 50 MA zone while momentum technology names keeps on sliding. Many momentum technology names are reaching oversold levels but buyers are in no rush. I am expecting them to catch a dead cat bounce soon but will be patient. Need to see price action via open range break or short term moving averages cross over on hourly charts. Our short ideas keep on working, FSLY,CRWD,ZM,APPN gave some nice trades. Hit & run day trading until otherwise.
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1 Seat Left in Our Live Stock Trading Bootcamp
Tonight our award-winning, live 60-day trading boot camp kicks off! We teach over 30-day trading and swing setups and teach you everything you need to know about professional stock trading. Class starts tonight, and there are only 1 seat left!