SPY 20 MA hold on Thursday , followed by small follow through rally on Friday.
SPY support now 235.74 ,needs to hold 20 MA and build over it for continued strength. Biggest negative continues to be narrow leadership stocks and sectors as market breadth( Number of advancing stocks vs. number of declining stocks) is not improving. Hopefully after the FOMC rate decision next week, market will find a direction. Found quiet a few setup for Monday. lease pick the ones that you like and understand,successful rate will be higher if you understand the trade.
If you are struggling with your trading or learn how to trade you need to check out our trading courses. 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 Check them out here.Follow me on Twitter for real time trading setups@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_43419" align="alignleft" width="800"]
CLVS We had our over 20 MA close. Watching for range breakout.[/caption][caption id="attachment_43420" align="alignleft" width="800"]
CTRP Flag breakout continuation watch over 48.33.[/caption][caption id="attachment_43421" align="alignleft" width="800"]
GDX Gold miner bounce continuation watch via shorting DUST.[/caption][caption id="attachment_43422" align="alignleft" width="800"]
HRTX Next time through 15 should pop.[/caption][caption id="attachment_43423" align="alignleft" width="800"]
IONS Looks like exhaustion selling. Watching for dead cat bounce if 40 holds.[/caption][caption id="attachment_43424" align="alignleft" width="800"]
LABU Bio ETF still the strongest sector. If market holds, this could break out.[/caption][caption id="attachment_43425" align="alignleft" width="800"]
LJPC We had our flag breakout trigger; now watching for a fill breakout.[/caption][caption id="attachment_43426" align="alignleft" width="800"]
NVDA Bear flag intact below 100.[/caption][caption id="attachment_43427" align="alignleft" width="800"]
QTWO Flag breakout watch.[/caption][caption id="attachment_43429" align="alignleft" width="800"]
XON Bottom bio setup. Watching for a range break.[/caption][caption id="attachment_43430" align="alignleft" width="800"]
ZGNX Watching for continuation on a red to green type move .[/caption]
