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Bulls on Wall Street: Stop Guessing. Start Trading.

Another ugly day in the market. However indices and many stocks bouncing some moving average support.


 

SPY break of 50 MA but closed back over 50 MA.

Small cap index, first one to start sell off,  bounced 200 MA.

QQQ bounced weekly 20 MA. Unless , there is any panic type move, I am expecting  some recovery next week. I will be mostly focusing on Index ETF's and liquid leader names to play bounce. Leader names are always first to bounce in a volatile market.

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TNA Small cap 3X ETF. We had a nice bounce trade from 77.50. Watching back over 80 for bounce continuation.

TQQQ Technology ETF. Watching back over 65.50 for bounce continuation.

SQ Bouncing 20MA. One of our ‘go to’ bounce play.

AMD Another ‘go to’ bounce play over 27.60.

NVDA Approaching support zone for a bounce.

TEAM 50 MA bounce watch if 85 holds.

ALDX Watching back over 13.30.

ARNA Biotech names have been pounded hard. Dead cat ounce watch if 40 holds.

NIO Watching over 6.50.

TLRY Range in narrowing on this. Should make a move soon either way.

About szaman

Sayed is a veteran of the stock market, receiving acclaim for his hot stock watchlists. He trades in the Bulls room and blogs for the site, sharing his watchlist and market analysis daily.

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