Another day and another bounce off the lows for SPY. Not sure how many time this plays out before we see a big crack.
SPY 20 MA holds, needs to get over 8 EMA resistance. Action is getting volatile and indices are not reflecting weakness in many individual stocks. Leadership is getting narrower ,few names basically holding up the indices.Under the surface breadth is getting narrower as not may names making new highs, whereas too many names making new lows. Just something to keep in mind.
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AAOI Consolation over support. Could get going again.[/caption][caption id="attachment_46947" align="alignleft" width="800"]
GLYC Closed over 50 MA. Watching for a continuation on morning dip.[/caption][caption id="attachment_46948" align="alignleft" width="800"]
FSLR Breakout watch.[/caption][caption id="attachment_46949" align="alignleft" width="800"]
NKTR Could squeeze gain. Keeping an eye.[/caption][caption id="attachment_46950" align="alignleft" width="800"]
OSTK Will watching for a bounce on 8 day and previous breakout area.[/caption][caption id="attachment_46951" align="alignleft" width="800"]
SEDG Earning mover. Looks to be going higher.[/caption][caption id="attachment_46952" align="alignleft" width="800"]
VERI Old momentum play. Big volume move. Watching on a morning dip.[/caption][caption id="attachment_46953" align="alignleft" width="800"]
WUBA Inside day after earning breakout. Watching for another run.[/caption]
