Carnage continues in technology momentum names after few days of dead cat bounce. Former darling stocks like FEYE,DATA ,SPLK,NOW, WDAY are being taken into the woodshed. However , sell off on those are getting a bit stretched and i will be looking for another dead cat bounce soon. If you are new in trading, be careful catching bottom in stocks. This is a dangerous game and you need education and experience to pull it off. Another great day in chat room with $2274 gains for the day, mostly shorting technology momentum names.If you are having difficulties navigating this Market or want to learn trading , feel free to join us in Bulls chat room with a super team of traders.Follow me on Twitter and StockTwits @szaman
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MGM Needs to hold that 50 MA here.[/caption][caption id="attachment_25890" align="alignleft" width="800"]
NOW 200 MA rubber band dead cat bounce watch.[/caption][caption id="attachment_25891" align="alignleft" width="800"]
SPLK We played short on this today. Now 200 MA dead cat bounce watch.[/caption][caption id="attachment_25892" align="alignleft" width="800"]
TRIP We played short on this today. Bear flag setting up .[/caption][caption id="attachment_25893" align="alignleft" width="800"]
WDAY 200 MA dead cat bounce watch.[/caption][caption id="attachment_25894" align="alignleft" width="800"]
WUBA 50 MA barely holding. Do or die spot here.[/caption][caption id="attachment_25895" align="alignleft" width="800"]
ZU Barely holding 50 MA. Do or die spot here. Stock also has a gap to fill.[/caption]
