Yet again decent earning from TSLA and TWTR couldn't get the market going as SPY gapped up and closed at the lows.
Even though SPY still in range,there are some worrisome signs. Small cap IWM chart broke down Thursday,that itself a major technical break down that might lead other indices to flow. No leader ship stocks and sectors except few names like NFLX and GOOGL . Once mighty biotech's just can't catch any bid,they are in liquidation mode. There were pockets of momentum in IPO stocks like ACIA, TWLO, NTNX but they are also in liquidation mode. I went through hundreds of chats, all i see is mostly broken charts. So be careful out there and hit and run trading.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_41518" align="alignleft" width="800"]
ABEO Bio name. Watching to see if can catch a dead cat bounce.[/caption][caption id="attachment_41519" align="alignleft" width="800"]
ACIA From last post, got ugly as expected on support break. If doesn’t hold here 67 next.[/caption][caption id="attachment_41520" align="alignleft" width="800"]
AEZS dead cat bounce watch if bio’s catches a bid.[/caption][caption id="attachment_41522" align="alignleft" width="800"]
BTUUQ Could have a pop over 8.60.[/caption][caption id="attachment_41527" align="alignleft" width="800"]
AMBA Break down watch below 61.26. Ideally on small green to red type move.[/caption][caption id="attachment_41523" align="alignleft" width="800"]
GPRO Break down watch.[/caption][caption id="attachment_41524" align="alignleft" width="800"]
OAS Watch to see if can breakout on oil strength.[/caption][caption id="attachment_41525" align="alignleft" width="800"]
PANW Bear flag break down below 50 MA.[/caption][caption id="attachment_41526" align="alignleft" width="800"]
SGEN If bio’s continues to weaken, bear flag break down watch.[/caption]
