Watch List 05/06/2015 | Bulls on Wall Street

Watch List 05/06/2015

Sell off day in the Market.

SPY

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SPY still in the lower range and trend line support. This trend line has been working as bounce area for many times. It will be interesting to see if it bounces here yet again or go for 100 MA 106 area.In my previous post i wrote,”The quality of the bounces in biotech lately is not that impressive yet as we¬† are having big volume wide range sell off days and low volume small range bounce days. So they still remain volatile and can be traded in both ways”. We got our wish last two days!

IBB

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We had our one day bounce Monday and we were trading long in the chat room . Ugly reversal at 50 MA and we had a continuation down move on Tuesday and we were back to shorting Bio’s in chat. Many biotech charts looks broken. IBB had it’s first oversold¬† bounce on 100 MA. It has a bear flag formation now and looks to be heading lower. I am hoping for green to red type moves at open to load up some shorts again. 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.
Also if you are interested in our trade alert services and chat room , take a free trial! Check them out here.
Follow me on Twitter @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.

ADXS Bear flag setting up here. If sector stays weak, could go 50 MA.
ADXS Bear flag setting up here. If sector stays weak, could go 50 MA.
CEMP Bear flag setting up here. If sector stays weak, could go 100 MA.
CEMP Bear flag setting up here. If sector stays weak, could go 100 MA.
GWPH Bear flag setting up here.
GWPH Bear flag setting up here.
ISIS Needs to hold that 57.50 or might have a date with 200 MA.
ISIS Needs to hold that 57.50 or might have a date with 200 MA.
JUNO Bear flag setting up here.
JUNO Bear flag setting up here.
KITE At resistance. Could reverse if sector remains weak.
KITE At resistance. Could reverse if sector remains weak.
SINA Having issues clearing the high. Watching for a fade if market remains weak.
SINA Having issues clearing the high. Watching for a fade if market remains weak.

 

szaman Administrator
follow me

Leave a Comment