Wild range day in the Market after Fed's comments about interest rate hike.
SPY still in the trading range but below short term momentum moving average and 8 and 20 MA,giving bears a slight edge If it stays below them,be cautious with long positions. Next support at 50 MA ,214 area. Dip buyers showed up to buy recent momentum names like, ACIA, TWLO and YRD. So I'll be watching them closely to provide market direction along with biotech names. 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_40566" align="alignleft" width="800"]
ACIA Dip buyers showed up for this momentum name. Watching for a continuation if 106 holds and gives a setup below 109.[/caption][caption id="attachment_40567" align="alignleft" width="800"]
ADMP Has room to run. Watching for a continuation if 3.27 holds and gives a setup below 3.57.[/caption][caption id="attachment_40568" align="alignleft" width="800"]
BOFI Extended run and has exhaustion type candle. Watching for a quick short below 22.70.[/caption][caption id="attachment_40569" align="alignleft" width="800"]
CYTK Bio name , holding up really well. Breakout watch.[/caption][caption id="attachment_40570" align="alignleft" width="800"]
DUST Gold miners short ETF. Looks ready to breakout.[/caption][caption id="attachment_40571" align="alignleft" width="800"]
HZNP Bio name . Most has been holding moving average support. Watching over 19.50 for bounce continuation trade.[/caption][caption id="attachment_40572" align="alignleft" width="800"]
MPET Low volume coiling action. Watching for a move soon either way.[/caption][caption id="attachment_40573" align="alignleft" width="800"]
NTES Watching for a continuation if 216 holds and gives a setup below 218.[/caption][caption id="attachment_40574" align="alignleft" width="800"]
OCUL Bio name . Most has been holding moving average support. Watching over 6.47 for bounce continuation trade.[/caption][caption id="attachment_40575" align="alignleft" width="800"]
STEM Flag formation. Watching over 1.65.[/caption][caption id="attachment_40576" align="alignleft" width="800"]
TWLO Nice bounce on 20 MA. Watching for a continuation on red to green type move at open.[/caption][caption id="attachment_40577" align="alignleft" width="800"]
YY Flagging over support and 20 MA. Keeping an eye.[/caption]
