Nice rally in the market on the 1st day month. Seasonally December is a strong month for stock and SPY chart looks poised to test the high.
SPY nice momentum as its keeps on bouncing off short term momentum indicator 8 day moving average with 20 MA below. As long its stays over those moving averages Bull are in complete control. Some decent runner from last blog post. BIDU, CTRP had a nice run after bouncing 20 MA. If you are holding swing , ride a piece , they still looks good for higher price. FB finally closed over 20 MA and trend line,looks good for swing trade. Small cap junk , low floater stocks are on the move again. Watch out for those type of mover for intraday setup . If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course. 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 , take a free trial! 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.If you are struggling with your trading or learn how to trade you need to join our 60 day Bootcamp course. 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 , take a free trial! 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_36979" align="alignleft" width="800"]
BZUN Orderly pullback and bounce. Continuation watch over 8.34.[/caption][caption id="attachment_36980" align="alignleft" width="800"]
CYTK Watching for a flag breakout.[/caption][caption id="attachment_36981" align="alignleft" width="800"]
HRTX Range breakout watch.[/caption][caption id="attachment_36982" align="alignleft" width="800"]
ISIS Bouncing 2o MA twice. Watching for a flag breakout.[/caption][caption id="attachment_36983" align="alignleft" width="800"]
NXTM Basing action over 20 MA. Watching for range breakout over 20.[/caption][caption id="attachment_36984" align="alignleft" width="800"]
EFUT Watching for a bounce over 13.[/caption][caption id="attachment_36985" align="alignleft" width="800"]
TANH Junk stocks are moving again. Watching this one for a pop as well with volume.[/caption][caption id="attachment_36986" align="alignleft" width="800"]
BIDU 20 MA bounce long alert worked well , still looks good for higher price.[/caption][caption id="attachment_36987" align="alignleft" width="800"]
CTRP 20 MA bounce long alert worked well , still looks good for higher price.[/caption]
