SPY in congestion zone ,mostly due to the fact that technology stocks are under performing.
But big run in small caps and many industrial names as action in individual stocks remain hot. DRYS ,one of the small cap names that we traded in chat. Many in chat were long this name on a red to green move at 11.70’s
Stock made a run to 18.77! Just one trade alone is good enough for day. As far watch list setups , many extended charts on daily, doesn’t mean that the can’t run higher but ideally few days of sideways action will crate some new daily setups. Keep an eye on technology names to see if any rotation to tech sock this week.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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