Market beginning to climb wall of worry yet again after remounting all the moving averages. This type of move can easily turn into V shaped run as we have seen in the past.
Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman
Get started on the right path to trading success. Get access to our accelerated day or swing trading course with over 20 hours of content, access to our trading chatroom, live market commentary, and much more. Learn what it takes to succeed in the best profession in the world.
Here is the watch list and game plan:
[caption id="attachment_60497" align="alignnone" width="800"]
U Holding the first tap to 20 MA. See if this holds and bounce.[/caption][caption id="attachment_60496" align="alignnone" width="800"]
RKT Big move on news. Continuation watch on red to green type move.[/caption][caption id="attachment_60495" align="alignnone" width="800"]
PENN 76.60 breakout watch.[/caption][caption id="attachment_60494" align="alignnone" width="800"]
OSTK Coming out from range. Continuation watch on red to green type move.[/caption][caption id="attachment_60493" align="alignnone" width="800"]
CHWY Back over 20/50 MA. Continuation watch.[/caption][caption id="attachment_60492" align="alignnone" width="800"]
BEKE Basing over 8 EMA. Watching 63 area.[/caption][caption id="attachment_60498" align="alignnone" width="800"]
BIGC Coming out from range. Watching on build below 90.[/caption]
