Range bound day in the market as SPY holding on to that 8 EMA . Market is in consolidation mode while rising 20 MA catching up.
Good thing about consolidation phase in the market is there will be certain sector or group of stocks that will make big runs. It easier to focus on few stock than when everything running at the same time. Today we saw some China name making decent runs. Hopefully it will continue into tomorrow. Decent day in our chat room with real time alerts gaining $4779 for the day ! 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.
Also if you are interested in our trade alert services check them out here.
Follow me on Twitter @szaman and on StockTwits @szaman
See below some of the entries and intraday pattern we played in the chat.
