Bounce day in the market as SPY managed to hold 198.50 low area.
Bulls needs to hold that 198.50 area. A break below now could quickly see 200 MA 195 area. We also have overhead resistance at 204 /204.50 area. Basically we are stuck in range for now.Oil seems to be in some sort of bottoming pattern fro now. It has been a great day trader market since volatility is back. We had a great week trading both long and short in some names like KITE, GPRO JUNO. Opportunity is there you just have to be nimble and quick.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.Also if you are interested in our 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_32542" align="alignleft" width="800"]
AGEN High and tight flag. . Continuation watch over 5.69.[/caption][caption id="attachment_32543" align="alignleft" width="800"]
BITA Over sold name trying to bounce 200 MA. Watching for a continuation up for a quick trade.[/caption][caption id="attachment_32544" align="alignleft" width="800"]
BLCM Big bounce off IPO day high. Keeping a eye for a continuation up, maybe be a red to green move.[/caption][caption id="attachment_32545" align="alignleft" width="800"]
GPRO Watching for a bounce over 48 for a quick trade.[/caption][caption id="attachment_32546" align="alignleft" width="800"]
ISIS Holding the trend line. Watching for a direction either way.[/caption][caption id="attachment_32547" align="alignleft" width="800"]
JUNO We had a nice bounce trade on this Friday. Watching for a continuation up, maybe be a slight red and then to a green move.[/caption][caption id="attachment_32548" align="alignleft" width="800"]
LINE Many oil names has this same bottom basing look. Keeping an eye to see if they can bounce here.[/caption][caption id="attachment_32549" align="alignleft" width="800"]
KITE We had monster gains in chat trading this short on Thursday and long on Friday. Keep an eye on this for intraday setup.[/caption]
