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.

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.
Also if you are interested in our day trade alert services and chat room Check them out here.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Check out our newest Offering “Bulls Vision” ! A brand new screen share product! See through the eyes of
@kunal00 while he trades live everyday.

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.

szaman Administrator
follow me