Nice rally day in the market after SPY 50 MA test.
SPY now back over all important both 8 and 20 MA short term momentum moving. Bulls are in control as long 50 MA holds now. Decent bounce action in energy, commodities and metal names after a brief pause. So I'll be focusing mostly on some oil and some oversold commodity names. Ideally , on a soft open and red to green or on a intraday pullback setup.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 @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_39160" align="alignleft" width="800"]
BCEI Oil name, holding 20 MA, watching for a bounce.[/caption][caption id="attachment_39161" align="alignleft" width="800"]
CHK Energy name. Continuation bounce watch ideally on a red to green type move at open or on a intraday pullback setup.[/caption][caption id="attachment_39162" align="alignleft" width="800"]
CLF Inside day. Continuation bounce watch over 3.27.[/caption][caption id="attachment_39163" align="alignleft" width="800"]
FCX Inside day. Continuation bounce watch over 10.98.[/caption][caption id="attachment_39165" align="alignleft" width="800"]
SM Oil name, Continuation bounce watch ideally on a red to green type move at open or on a intraday pullback setup.[/caption][caption id="attachment_39166" align="alignleft" width="800"]
X Continuation bounce watch ideally on a red to green type move at open or on a intraday pullback setup.[/caption][caption id="attachment_39164" align="alignleft" width="800"]
NFLX Finally closed above 8 EMA resistance. Continuation watch to 20 MA.[/caption]
