Rally day in the Market and SPY back over short term momentum indicator 8 day and 20 day moving averages.
As long SPY stays over those moving averages Bulls are in back in control . Seasonally December is a strong month for stocks and SPY chart looks poised to test the high. Leader stocks from last blog post all held relative trend line and moving averages and now looks to continue higher.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_37023" align="alignleft" width="800"]
AMZN Leader stock. Bounced 20 MA yet again. Looks good for higher price.[/caption][caption id="attachment_37024" align="alignleft" width="800"]
BABA Bouncing the trend line. Watching for a breakout now.[/caption][caption id="attachment_37025" align="alignleft" width="800"]
BZUN Flagging over 20 MA. Keeping an eye.[/caption][caption id="attachment_37026" align="alignleft" width="800"]
CTRP Holding the trend line . Watching for a flag breakout .[/caption][caption id="attachment_37027" align="alignleft" width="800"]
BIDU Flagging again. Watching for a flag break out .[/caption][caption id="attachment_37028" align="alignleft" width="800"]
DPLO Range breakout watch.[/caption][caption id="attachment_37030" align="alignleft" width="800"]
SINA Watching for triple tap break out.[/caption][caption id="attachment_37029" align="alignleft" width="800"]
KMI Watching for “Rubber Band” snap back bounce. Looks like exhaustion selling off on Friday.[/caption]
