Trading Watch List 12.16.2015 | Bulls on Wall Street

Trading Watch List 12.16.2015

Gap up and stalling at moving average day for the market.

spy

 

 

 

 

 

 

 

 

Leader stocks. FB,AMZN,NFLX ,GOOG all has the same moving average stalling action. Wild card now is the FOMC interest rate decision announcement  on Wednesday at 2 PM EST. Would be interesting too see Market’s reaction to FED’s  much publicized rate cut decision. So it should be another volatile day. Trading action should quiet down after 12 PM and volatility will increase right after the announcement. Usually the first move  after announcement is the false one so it is better to chill a bit.

Nice trading action this week so far, with the increase in volatility we have a “round trip” trading action in the market. We were shorting AMZN, NFLX, TSLA Monday on green to red move as planned in blog, then they reversed and worked great for a long trade and shorting back again Tuesday on moving average resistance. As always volatility brings big rewards for short term traders.Hope you guys all having a good week so far.If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course. 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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AMZN Stalled at 20 MA at 1st try, which is normal and we were shorting for quick day trades with nice gains . Needs to stay over 657 to keep short term momentum alive .
AMZN Stalled at 20 MA at 1st try, which is normal and we were shorting for quick day trades with nice gains . Needs to stay over 657 to keep short term momentum alive .
CLDX Bio name. Continuation watch over 14.70.
CLDX Bio name. Continuation watch over 14.70.
EGRX Bio name. Breakout watch if market holds.
EGRX Bio name. Breakout watch if market holds.
LL Big move on this stock. Could be a second play as well over 17.80, ideally on a red to green type move.
LL Big move on this stock. Could be a second play as well over 17.80, ideally on a red to green type move.
NCTY Still watching this for a flag breakout as it has been holding up well so far.
NCTY Still watching this for a flag breakout as it has been holding up well so far.
NFLX Stalled at 20 MA at 1st try. Needs to stay over 118 keep short term momentum alive .
NFLX Stalled at 20 MA at 1st try. Needs to stay over 118 keep short term momentum alive .
OVAS Bio name. Range breakout watch.
OVAS Bio name. Range breakout watch.
VRX Big move on this stock. Could be a second play as well over 110, ideally on a red to green type move.
VRX Big move on this stock. Could be a second play as well over 110, ideally on a red to green type move.

 

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