Gap up , hold and rally continuation in the market, helped by oil , financial and technology names.
SPY back over the down trend line and 8 EMA , first time this year and still have some room before layers of overhead resistances come to play. 192 and 195 some immediate resistance. Oil run continues , as i wrote in the last blog that they have been beaten up so bad that they still have room to run. However,some of the oil names approaching some resistance area so if there is another gap up open or a run to resistance i will be watching for a quick shorts trades on oil names. It has been a great trading weak with this volatility, our chat room trade alerts has record week's of profits! If you follow me on Twitter or Stock Twits , i provided some decent live trading calls all week. Now more than ever , you need to learn how to be profitable trader in any Market by joining 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.Also if you are interested in our day trade alert services and chat room , take a free trial! Check them out here.Follow me on Twitter @szaman and on StockTwits @szamanCheck out our newest Offering "Bulls Vision" ! A brand new screen share product! See through the eyes of @kunal00 while he trades live everyday.[caption id="attachment_37655" align="alignleft" width="800"]
AMZN Broke out of the trend line but stalled at 600. Over 600 could make a run for 20 MA.[/caption][caption id="attachment_37656" align="alignleft" width="800"]
FB Should have some resistance at 100 for a fade.[/caption][caption id="attachment_37657" align="alignleft" width="800"]
LABU Biotech ETF. Coiling action ,could get a pop over10.[/caption][caption id="attachment_37658" align="alignleft" width="800"]
SHAK Hitting some resistance. Watching for a fade[/caption][caption id="attachment_37659" align="alignleft" width="800"]
SIEN Bio name. Could catch a range break pop.[/caption][caption id="attachment_37660" align="alignleft" width="800"]
GLNG Oil name,big run from the lows and could continue to run but approaching 50 MA resistance. Will watch for a fade.[/caption][caption id="attachment_37661" align="alignleft" width="800"]
KMI Oil name,big run from the lows and could continue to run but approaching 50 MA resistance. Will watch for a fade.[/caption][caption id="attachment_37662" align="alignleft" width="800"]
WLL Oil name,big run from the lows and could continue to run but approaching 50 MA resistance. Will watch for a fade.[/caption]
