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Bulls on Wall Street: Stop Guessing. Start Trading.

Trading Watch List 10.22.2018

Bearish trend continues in the market as SPY chopping  around 200 MA. Still no sign that the correction is over as we are seeing pocket of strength in many stocks being quickly faded. SPY needs to get over 280 and […]

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Trading Watch List 10.17.2018

We finally found the bounce we were looking for. SPY off to races after finally remounting 200 MA. Closed over 8 EMA with some congestion coming around 282 area. TNA Small cap ETF , 67.70 alert worked great on IWM […]

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Trading Watch List 10.15.2018

Another volatile day on Friday. SPY gapped up, pretty much gave up all the gains but managed to make come back end of the day and closed right on 200 MA. A nail biter going into next week.Needs to hold […]

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Trading Watch List 10.12.2018

Ugly action continues in the market after that  30 minute chart range breakdown on Wednesday. SPY tested weekly horizontal support 270 area. Needs to close the week over 274, 50 MA on weekly chart. QQQ broke 200 MA, needs get […]

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Trading Watch List 10.10.2018

Pretty lame bounce in the market after being so oversold. SPY not much traction. Needs to break range in 30 minute  chart. QQQ Bouncing 20 MA, again not many conviction buyers around.Needs to break range in 30 minute  chart. IWM […]

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Trading Watch List 10.08.2018

Another ugly day in the market. However indices and many stocks bouncing some moving average support.   SPY break of 50 MA but closed back over 50 MA. Small cap index, first one to start sell off,  bounced 200 MA. […]

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Trading Watch List 10.05.2018

SPQ, QQQ finally went IWM way with a vicious sell off. Came close to 50 MA and bounced. Most likely a choppy inside day Friday after a big range day Thursday.Indices all under 8/20 MA so caution warranted  with swing […]

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Trading Watch List 10.03.2018

SPY, QQQ holds up well. Small cap , IWM , different story. Major rotation out of small cap continues . However, IWM is getting oversold and i am expecting a bounce soon. Ideally on red to green move at open. […]

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Trading Watch List 09.27.2018

Nice day for the market until FOMC interest rate hike news. Profit taking kicked in as we saw some sharp sell off at close. SPY closed below 20 MA , short term support.Long term uptrend still intact. We might see […]

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Trading Watch List 09.24.2018

Red day for SPY after some overbought reading. All good above 20 MA. Only concern is , relative weakness in technology names. Maybe it’s  end of the quarter sector rotation or it is signaling something. As far as setups, not […]

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