Weak bounce attempt in the Market today as S&p-500 relieved some short term oversold condition. It is now stuck between 100 MA with 50 MA strong resistance. As long it stays below 50MA, weak bounce will only create a Bear flag for next leg lower. Bears are still in control. As far as trading this Market, we are still in quick trade mode in our chat room and another great day with $2230 gains for the day. Here are the trades for the day:
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BDBD Range break watch.
EOPN Coiling up here over 200 MA . 17.45 range break.
MEI 16.25 breakout watch.
NTRI Breaks out back over 10.80.
SGOC 20 MA bounce watch .
UNTD Holds 20 MA 7.09 area. Bounce watch.
VNTV 27.41 breakout watch.