Another battle day in the market for bulls and bears.
SPY broke down below 200 MA , causing trigger of many stops. Just when things looked bleak, algo's went to work, squeezing bears. Range still lives on and I have a feeling market might get stuck in this range for a while. We are on hit and run trading mode and mostly trading earning related stocks. . Few alerts like AAOI, CASI, CASA , BEAT worked well even with this choppy market. So look for quick trading opportunities both long and short and stay nimble.
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AAOI Closed green on support bounce. Watching over 32.17.[/caption][caption id="attachment_49449" align="alignleft" width="800"]
BEAT Idea from blog worked well Wednesday. Still look good for more[/caption][caption id="attachment_49450" align="alignleft" width="800"]
CEIX Nice setup on this. Keeping an eye.[/caption][caption id="attachment_49451" align="alignleft" width="800"]
GPRK Low volume pull back to 20 MA. Bounce watch.[/caption][caption id="attachment_49452" align="alignleft" width="800"]
LITE Holding 20/100/200 MA after earning gap. See if this holds and builds.[/caption][caption id="attachment_49453" align="alignleft" width="800"]
MU Watching over 45.86 for a pop.[/caption][caption id="attachment_49454" align="alignleft" width="800"]
PSTG Flagging here.Watching over 20.60.[/caption][caption id="attachment_49455" align="alignleft" width="800"]
SFLY Inside days after big breakout. Keeping an eye for more.[/caption][caption id="attachment_49457" align="alignleft" width="800"]
Rubber band bounce play. Watching over vwap if no gap up at open for a quick trade with tight stop.[/caption]
