Trading Watch List 11.14.2018 - Bulls on Wall Street

Trading Watch List 11.14.2018

SPY gap up and fade after Monday’s violent break of 200 MA, a possibility that  I have  wrote in previous post.


SPY now in the middle of the range above strong  270 area support. Bias is bearish but the chart also could be forming a bullish inverse head & shoulder pattern if bulls able to build here r defend 270. Problem is , not much leadership left in the market and price action remains just awful. However, decent trading opportunities are  there, if you are an active trader and quick flipping both long and shorts.Game plan still remains  fade any strength unless SPY gets back over nearest moving averages.  Again slim picking as far as daily chart setups.

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ELAN IPO biotech name holds up well. Watching over 35.
GOGO Bouncing 200 MA. Keeping an eye as over 50% float short on this.
KRNT Watching over 21.86 on a good intraday setup.
NIO Coiling up here. Watching on 7 build.
USO Oil definitely has look off short term exhaustion selling. Will be watching for dead cat bounce if there is another gap down with defined stop. Commodity can run or drop more then one thinks.

UGAZ Natural gas ETF getting parabolic. Will be watching for a quick short if there is another gap up with defined stop. Commodity can run or drop more than one thinks.

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