Another flat digestion day in the market while individual stocks makes the run. Bulls are in control on SPY over 200 MA. Even if there is any weakness , there are plenty support below in the market now. Nice action in our biotech bounce plays. CEMP, RMTI, FPRX, KNDI, PCRX , all gave decent trading opportunity. Most of this bio names ran into some resistance today and backed away so i will be focusing on few bio names for shorts that were in our bounce watch for fading/profit taking action. I will be joining @kunal00 for free trading webiner "Making Bank in the First Hour" on Nov 5th at 8EST. Make sure to register here. Space is limited.Follow me on Twitter @szaman and on StockTwits @szaman[caption id="attachment_36576" align="alignleft" width="800"]
ATHN Could get a pop over 152.[/caption][caption id="attachment_36577" align="alignleft" width="800"]
BABA High and tight flag. Watching for direction.[/caption][caption id="attachment_36578" align="alignleft" width="800"]
CEMP Bounce idea worked well. Failed at resistance. Small green to red and below 23.50 could work for quick short, ideally on small green to red type move at open.[/caption][caption id="attachment_36579" align="alignleft" width="800"]
CYTK Parabolic shot watch. Ideally on a green to red type move at open.[/caption][caption id="attachment_36580" align="alignleft" width="800"]
IRDM Big volume run after earning. This has room to move to 200 MA, 8.70 area. Watching over 8.[/caption][caption id="attachment_36581" align="alignleft" width="800"]
KNDI Bounce idea worked well. Now having issue with 200 MA area. Watching for direction.[/caption][caption id="attachment_36582" align="alignleft" width="800"]
PCRX Bounce idea worked well. Failed at resistance. Small green to red Below 50 could work for quick short, ideally on small green to red type move at open.[/caption][caption id="attachment_36583" align="alignleft" width="800"]
RVNC New biotech name. Big move on this. Keep an eye for IPO breakout. 38.86 was all time high.[/caption]
