Market had the look of parabolic move, finally a rug pull, not surprising given how frothy many stocks has become. SPY holds 20 MA, QQQ not there yet, ideally another pull to 20 MA ,282-280 area would be good for a relief bounce. Slim pickings as far as watch list, one day of selling doesn't change the trend. Action coming days will paint a clearer picture.
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Here is the watch list and game plan:
[caption id="attachment_60240" align="alignnone" width="800"]
OSTK Holding 50 SMA. See if 70 holds for an oversold bounce.[/caption][caption id="attachment_60241" align="alignnone" width="800"]
TSLA 20 MA on 385 area. See how it holds.[/caption][caption id="attachment_60242" align="alignnone" width="800"]
BIGC Watching if it holds 92-90 area for a bounce.[/caption][caption id="attachment_60235" align="alignnone" width="800"]
INMD Watching back over 36-36.35.[/caption][caption id="attachment_60234" align="alignnone" width="800"]
TWTR See if this holds 40 level for a bounce.[/caption][caption id="attachment_60239" align="alignnone" width="800"]
DOCU Filled the gap. Watching on red to green type move for a trade.[/caption][caption id="attachment_60238" align="alignnone" width="800"]
RVLV Watching back over 22.12.[/caption][caption id="attachment_60237" align="alignnone" width="800"]
BEPC Holding up well. Watching back over 52.[/caption][caption id="attachment_60236" align="alignnone" width="800"]
ZM Unlikely tomorrow but if things get panicky, like this on gap fill 325 area.[/caption]
