Happy new years to all! Some volatility on the last day of the year.
SPY finally closed below short term support 8 EMA after multiple tap. Next obvious support on 20 MA followed by 267 area. Slim picking as far as watch list.Not sure if its just another garden variety pullback due to tax selling, end of the year position sizing by big funds etc. or start of a prolonged correction. I'll be mostly focusing in index shorts if market continues to weaken until clearer picture emerges.
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AA Strong run on this . Could use some pull. Watching for a quick short play.[/caption][caption id="attachment_47703" align="alignleft" width="800"]
FB Relative weakness continues in big tech names. Short watch if market weakens.[/caption][caption id="attachment_47704" align="alignleft" width="800"]
FCX Strong run on this . Could use some pull. Watching for a quick short play.[/caption][caption id="attachment_47705" align="alignleft" width="800"]
JUNO Bear flag shaping up here. Short watch if market weakens.[/caption][caption id="attachment_47706" align="alignleft" width="800"]
LX New stock. See if this can go for flag breakout.[/caption][caption id="attachment_47707" align="alignleft" width="800"]
NVDA Bear flag shaping up here. Short watch if market weakens.[/caption][caption id="attachment_47708" align="alignleft" width="800"]
NVDA Bear flag shaping up here. Short watch if market weakens.[/caption][caption id="attachment_47709" align="alignleft" width="800"]
RIOT Blockchain name.Narrow candles. Watching for a move either way.[/caption][caption id="attachment_47710" align="alignleft" width="800"]
TNA Small cap ETF. Will be watching for a short, ideally on small green to red move.[/caption][caption id="attachment_47711" align="alignleft" width="800"]
UVXY If market weakens. This could get quick spike up.[/caption][caption id="attachment_47712" align="alignleft" width="800"]
XNET Blockchain name. Holding up really well. Keeping an eye.[/caption]
