Watch List 07.10.2015 | Bulls on Wall Street

Watch List 07.10.2015

Not a good day for the bulls as the gap was faded all day in the market and it closed on low of the day.

sPY

Typical bear market action out there as you can see any rally attempt has been faded off. Many were hoping for 200 MA bounce and hold but SPY has been bouncing on and off 200 MA last 3 days that i don’t even think its relevant at this point.

ChineseĀ  stock had a bounce via overnight gap and most ran out of energy after hitting some resistance. Slim pickings out there as far as daily setup is concerned but i will be watching Chinese stocks again for direction and quick day trade both long and shorts. Not the easiest market environment , so do not over trade and chase longs, if you are not sure about a setup just sit out as there will be easier times to trade.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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BITA Rejected at resistance. Keeping an eye for direction.
BITA Rejected at resistance. Keeping an eye for direction.
DPLO Good looking biotech stocks. If holds 46.79 could get a pop.
DPLO Good looking biotech stocks. If holds 46.79 could get a pop.
QIHU Rejected at resistance. Keeping an eye for direction.
QIHU Rejected at resistance. Keeping an eye for direction.
SINA Bounce 100 MA but rejected at 50 MA. Might have some trading opportunity in between in now.
SINA Bounce 100 MA but rejected at 50 MA. Might have some trading opportunity in between in now.
WB 200 MA could act as resistance.
WB 200 MA could act as resistance.

WBAI Rejected at 200 MA resistance. Keeping an eye for direction.
WBAI Rejected at 200 MA resistance. Keeping an eye for direction.

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