Another small pullback day in the market.
Market seems a little tired specially after failed attempt to take out the high's for 2 days now. It wouldn't be surprised to see some pull back, on a pull back SPY has plenty support underneath,specially on 200 MA and then 100 and 20 MA. Decent trading action on watch list names. CEMP,CYTK,PCRX shorts all worked well. We also had great short trade on VRX 100 break from 99.50-91. Twitted live this one.hopefully some caught it. Make sure to register for our free webiner.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.[caption id="attachment_36626" align="alignleft" width="800"]
AMZN Potential reversal candle on top of the range. Overbought stock, I will be watching for quick short.[/caption]
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BCEI Oil name. Holding support. Watching for a trend line breakout.[/caption][caption id="attachment_36628" align="alignleft" width="800"]
CEMP Our short idea worked well. Needs to hold the 8 EMA here or could see more weakness.[/caption][caption id="attachment_36629" align="alignleft" width="800"]
CSIQ Solar name. Range breakout watch.[/caption][caption id="attachment_36630" align="alignleft" width="800"]
DEPO Our double bottom bounce idea worked well but staring to look like a bear flag. Keeping an eye.[/caption][caption id="attachment_36631" align="alignleft" width="800"]
NFLX Approaching top of the downtrend range. Watching for a move either way. Long or short depending on range break direction.[/caption][caption id="attachment_36632" align="alignleft" width="800"]
NOAH China name . Flag breakout watch.[/caption][caption id="attachment_36633" align="alignleft" width="800"]
PCRX Indecision candle Friday. Watching for a direction either way.[/caption][caption id="attachment_36634" align="alignleft" width="800"]
TRIP Range breakout watch.[/caption][caption id="attachment_36635" align="alignleft" width="800"]
VRX We had a great short trade on this on 100 break. Twitted live. Will be watching again as this will be in play again.[/caption]
