Market just can't get anything going even after some decent earnings and merger news. Slow boring low volume boring trading environment.
Even though SPY still in a range, action in individual stocks are worrisome and downright nasty. Hardly any relative strength out there.I went through hundreds of chats, all i see is mostly broken charts. So be careful and hit and run trading. If you can't find any setups to trade, sit out, this is the type of market where many traders give up most their profits that were accumulated over time. Slim pickings as far as watch list. I'll be mostly watching ETF's, since there aren't man strong individual stocks.Check out our trading courses. starting again next month. 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_41481" align="alignleft" width="800"]
ACIA We had our one day gap support bounce. If this breaks this low again, might get ugly.[/caption][caption id="attachment_41482" align="alignleft" width="800"]
DWTI Oil short ETF could get going over 60.87 range break.[/caption][caption id="attachment_41483" align="alignleft" width="800"]
JNUG Gold ETF,holding the trend line. Watching over 13.60 for a quick trade.[/caption][caption id="attachment_41484" align="alignleft" width="800"]
MTL Small inside day after a big run up. I’ll be watching for short on a setup below 5 and 4.80.[/caption][caption id="attachment_41486" align="alignleft" width="800"]
UGAZ Natural gas ETF getting ovetsold. Watching for bounce here or on another flush to 200 MA.[/caption]
