Trading Watch List 12.19.2018

Flat day for the indices after another gap up open and a  roller coaster day. Simply put, any strength  being sold.

SPY holding April’s low for now ahead of big FOMC interest rate decision Wednesday 2 PM ET.Oversold and out of bollinger band yet no conviction buyers. Any positive reaction after FOMC could change that.

Small cap, canary bird, forming a 2 day double bottom , oversold and out side of bollinger band yet no conviction buyers.

QQQ strongest index,inside day. Needs confirmation either way.

Out biotech short idea worked great. However, again oversold and out side of bollinger band yet no conviction buyers.

TVIX tried to breakout and failed at first try. If tries next time, shouldn’t fail. Every dip has been bought on this.

In conclusion Market has the potential here for dead cat bounce, FOMC will be the wild card. I will be watching IWM for strength for any bounce to hold. Again, keeping an open mind for all possibilities. and do not chase up anything. Bears are still in complete control and over sold can become more oversold. Mostly,I will be mostly watching ETF’s for trade. LABU, TNA, TVIX, DWT, UWT,NUGT, UGAZ, DGAZ. TQQQ.

If you’re unsure of trading strategies,struggling with your trading or learn how to trade we teach a 60 Day Trading Bootcamp that covers everything you need to know about trading stocks from A-Z. Whether you’re a part-time trader or day trader, our bootcamp will give you the tools you need to succeed in the market. Click here for more info.
We also alert traders of our entries and exits in our day trading chatroom where you can watch Kunal trade on live video and interact with other traders like myself. Click here to join.

Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman

APHA Could catch a pop over trend line.
PDD Watching 23.30 area.
REZI Watching 23 area.



Stock & Option Software used by Bulls on Wallstreet

Social Media

Related Posts

Stop Guessing.
Start Trading.

Secured Checkout Providers

Don’t Miss Out

Pre-Market Live-stream

Tuesday’s and Thursday’s at
9:00 AM EST.

Connect With Us…