Impressive run by by the bulls continues.
SPY finally over 20 MA and still has room up to move to 50 MA 200 area. Biotech names also had nice follow through.
IBB still has room to 20 MA 334 area. Super action from our biotech bounce plays from previous blog. BLUE,SUPN,ADXS, HALO provided decent trading opportunities and still has room to move up. I am adding few more under performing bio names. If sector continues to bounce , laggards should follow or we can just short them if bounce fades. If your day trading it is important to day trade with specific setups and techniques for this type of market. You need to learn to day trade both ways long and short that is one of the keys to day trading when the market is under its major moving averages.If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course. 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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