Trading Watch List 10.12.2016 | Bulls on Wall Street

Trading Watch List 10.12.2016

Sell off day in the Market after another SPY failed attempt to take out the 50 MA on Monday.

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Not surprising given how the action in many momentum names were deteriorating last couple of days. We have talked about this on last post, even on range bound market we had many actionable day trades last week but action on Friday and Monday was showing fatigue in many names. SPY has major support on 212,many eyes will be on that number so there is a possibility market might hit that number and overshoot below before any bounce. The other possibility is , market might get stuck in another range , SPY had that big down day¬† back in September and it has been stuck in a range since that big down day.Ideally it would be nice to a follow through on this sell off but keep in mind , bears haven’t had much luck with follow through lately.If you are struggling with your trading or learn how to trade you need to check out our trading courses. 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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ACIA Broken chart but if 90 holds could catch a dead cat bounce else will be watching for short.
ACIA Broken chart but if 90 holds could catch a dead cat bounce else will be watching for short.
CLVS Approaching resistance zone. Keeping an eye if market continues to weaken.
CLVS Approaching resistance zone. Keeping an eye if market continues to weaken.
GDX Barely holding on to support. Do or die spot.
GDX Barely holding on to support. Do or die spot.
TTD Recent IPO. Holding the support for now. Watching for direction.
TTD Recent IPO. Holding the support for now. Watching for direction.
TWLO Support holding for now. It holds, could be a quick bounce play else will be watching for short.
TWLO Support holding for now. It holds, could be a quick bounce play else will be watching for short.

USO Still in channel and held relatively well but could fade below 11.50 if market continues to weaken. DWTI is the oil short ETF.
USO Still in channel and held relatively well but could fade below 11.50 if market continues to weaken. DWTI is the oil short ETF.

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