Flat and range bound action in SPY , even though high beta technology names continue to stay week but sector rotation action to other sectors like energy , keeping SPY afloat.
Technology index QQQ under 50 MA and trying to defend the trend line. Needs to get above 50 MA to keep bulls some confidence.
Hit and run type of trading action out there. Expecting some volatility Wednesday as Trump will outline tax reform goals. Market has been expecting corporate friendly tax reforms so watch for reactions. on news.
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AAOI Holding up well during tech melt down.20 MA support now. Keeping an eye.[/caption][caption id="attachment_46267" align="alignleft" width="800"]
ABEO See if this can hold 20 MA for a bounce.hold 20 MA for a bounce.[/caption][caption id="attachment_46268" align="alignleft" width="800"]
IMMU Watching back over 12.85.[/caption][caption id="attachment_46269" align="alignleft" width="800"]
LIT Lithium ETF. 20 MA bounce continuation watch over 36.5.[/caption][caption id="attachment_46270" align="alignleft" width="800"]
SQM 20 MA bounce watch.[/caption][caption id="attachment_46271" align="alignleft" width="800"]
TSLA Is on a bounce zone. Keeping an eye.[/caption][caption id="attachment_46272" align="alignleft" width="800"]
WUBA See if this can hold that 50 MA and build over it else could be a short.[/caption]
