Another "V" shaped rally in the market off the low after marked found comfort that basically central banks will do everything necessary to keep it afloat.
SPY along with other indices hitting top of the trend line resistance. Needs to base and build over 206 /207 area . Expecting some rest next week to relieve some oversold action. I will be watching for some day trade shorts in extended names.I like the look of some oil names as they are lagging so far and might join the rally. Some nice runner from watch list. NUGT, MBLY, ACAD,TNA,ACIA all ran well along with market.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_39822" align="alignleft" width="800"]
IWM/ TZA Small cap index backing off trend line resistance. Watching for day trade short via TZA long.[/caption][caption id="attachment_39823" align="alignleft" width="800"]
NFLX Approaching trend line resistance. Could use some rest for a quick day trade short.[/caption][caption id="attachment_39825" align="alignleft" width="800"]
TSLA Approaching 50/100/200 MA resistance. Could use some rest for a quick day trade short.[/caption][caption id="attachment_39826" align="alignleft" width="800"]
UVXY Getting oversold. Keeping eye for a dead cat bounce.[/caption][caption id="attachment_39821" align="alignleft" width="800"]
FMSA Energy name. Sweet flag pattern here for breakout.[/caption][caption id="attachment_39824" align="alignleft" width="800"]
SM Energy name. Coming out of the trend line. Watching for continuation.[/caption][caption id="attachment_39827" align="alignleft" width="800"]
WLL Oil name. Looks like a bear flag but could squeeze if breaks out range.[/caption][caption id="attachment_39819" align="alignleft" width="800"]
BTE Energy name. Range breakout watch.[/caption][caption id="attachment_39820" align="alignleft" width="800"]
ENDP Bio name. See if this can break out of range over 17.12.[/caption]
