Great showing by Bulls as they finally close the market over 50MA, first time in 2016.
As discussed on the last post, bulls needed to defend the gap fill and 20 MA, 189.75 area . Here we are , perfect bounce off that gap fill and 20 MA. Market needs to for a follow through move now but given how erratic market has been this year, it wouldn't be surprising if we don't see a clean follow through. Chart looks perfect for a push up otherwise but keep an open mind as market approaching top of the range. Simple watch list for Friday, mostly watching names at open for small red to green type of move. It has been a great short term traders market as most stocks have been providing round trip , 2 way trades.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. 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_38066" align="alignleft" width="800"]
AMZN Looks ready to break out. Watching for small red to green type move at open or on a intraday flag/wedge setup.[/caption][caption id="attachment_38067" align="alignleft" width="800"]
BABA If this 20 MA holds, could get a pop.[/caption][caption id="attachment_38068" align="alignleft" width="800"]
CTRP If this 20 MA holds, could get a pop to 50 MA.[/caption][caption id="attachment_38069" align="alignleft" width="800"]
KMI One of the stronger oil name. Watching for a base breakout.[/caption][caption id="attachment_38070" align="alignleft" width="800"]
NFLX Looks ready breakout but a bit extended in top of the range. Watching for small red to green type move at open or on a intraday flag/wedge setup.[/caption][caption id="attachment_38071" align="alignleft" width="800"]
QUOT Breakout watch if this can hold 200 MA.[/caption]
