Trading Watch List 12.02.2016 | Bulls on Wall Street

Trading Watch List 12.02.2016

Another red day in SPY but it’s not really showing the damages because of the strength in oil and bank names while tech and bio names were beaten down hard.

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SPY managed to hold support zone, if breaks, next support is 20 MA. Massive sector rotation happening in the market as we saw bio and tech got clobbered and money poured into oil and bank names. So watch the sectors charts closely intraday to stay on the right side of the trade.  Tech and bio needs to bounce soon for healthy market action as oil and bank wouldn’t be able to hold market up.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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AKAM Broke down and into gap fill. Watching for a continuation short.
AKAM Broke down and into gap fill. Watching for a continuation short.
CARA 50 MA and support zone. See if it can bounce here.
CARA 50 MA and support zone. See if it can bounce here.
DWTI Oil short ETF, oversold, watching for dead cat bounce on red to green type of move.
DWTI Oil short ETF, oversold, watching for dead cat bounce on red to green type of move.
IONS 20 MA and support zone. See if it can bounce here.
IONS 20 MA and support zone. See if it can bounce here.
X High and tight flag. See which way it breaks.
X High and tight flag. See which way it breaks.

XBI Bio ETF, not much support till gap fill but watching 60 area holds for quick bounce trade.
XBI Bio ETF, not much support till gap fill but watching 60 area holds for quick bounce trade.

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