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Bulls on Wall Street: Stop Guessing. Start Trading.

Trading Watch List 12.17.2018

SPY broke that mini bear flag and testing the lows again. If stays below 260 a visit to February low is in high possibility. As I wrote in December 12th blog post,”Short term market is oversold, so it might churn […]


Trading Watch List 12.14.2018

Flat day for SPY but it is not telling the whole story. Small cap, biotech, financials all dragging lower, along with awful price action in majority stocks. SPY printing out s small bear flag. Needs a close over 8 EMA […]


Trading Watch List 12.12.2019

Another roller coaster day in the market as SPY in a box so far. Buy the dip and sell the rip range bound action. Short term market is oversold, so it might churn a bit before making a move down.  […]


Trading Watch List 12.10.2018

Bearish action continues in the market. SPY back to bottom of the range with 260 now major support.Poor price action in many stocks and indices suggest that it might breakdown support soon until then, range bound. Keeping an open mind […]


Trading Watch List 12.06.2018

So much for healthy basing out action. Market plummeted hard! Many blaming this to algorithm driven sell on stocks and buying strong bonds. Regardless of the reason , price ultimately pays. SPY back to middle of the range. if 270 […]


Trading Watch List 12.03.2018

Market holding up so far ahead news about China tariff resolution possibility. Expecting some volatility Monday if there is any news .If there is any  decent news, this market should grind higher. It will interesting to see how market reacts is […]


Trading Watch List 11.30.2018

Some profit taking in SPY at resistance/congestion zone. So far bounce has been easy from double bottom low. Now things gets little more complicated. Many stocks are hitting resistance area. Coming weeks will tell us if this was just a […]


Trading Watch List 11.28.2018

Decent trading action after SPY manged to hold double bottom low. SPY now needs to clear the trend line resistance for some upside follow through. Again,bearish chart so keeping an open mind for all the possibilities. Market might also churn […]


Trading Watch List 11.26.2018

SPY hanging out at the bottom of the range. Short term bull scenario , SPY need holds this low here and work on a bounce to overhead resistances. Bear case, another violent break down here. Again keeping an open mind […]


Trading Watch List 11.21.2018

SPY breach of 20 MA triggered sell signal Monday and follow through with gap down Tuesday. Many tech names gave nice bounce trades after the gap down, specially semi conductor/chips names.However daily chart still in bears control. There are few […]


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