Trading Watch List 10.22.2018

Bearish trend continues in the market as SPY chopping  around 200 MA.























Still no sign that the correction is over as we are seeing pocket of strength in many stocks being quickly faded. SPY needs to get over 280 and stay there for bull’s case.  Volatility is here  might stay here for a while.  There are some serious chart damages were done in many stocks and it will take some time to repair. We have some big earnings coming up next week. Hopefully , some of those earning plays will provide us some actionable trade setups. Again if you are not sure  what the play is, stay patient and wait for better times. This is the type of environment where many account gets blown up as your typical trade setups would see many shake out before it works , meanwhile you will get chopped to pieces.

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CGC Pot name. Holding 50 MA for now. See if this 46 holds for a bounce. If breaks 46 and stays below, could be a short.
PYX Pot name, needs to hold 20 MA here for a bounce.
DXCM Short watch below 128.70.
NIHD Watching 6.24 area for a quick range breakout trade.
SQ Bear flag setup here. If stays below 73.60, could be a short trade.
NUGT Gold miner ETF, basing out for a flat base breakout over 16.84.
TVIX Volatility ETF staying in danger zone for market. Watching for day trade on this.
TWLO Has a gap to fill. Watching for a short. Ideally on green to red type move.

YGYI Recent momentum name. 11 is being defended. Keeping eye.

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