Some choppy volatile action in the market.
SPY closed below bot 8 and 20 MA. Giving the recent price history, it wouldn't be surprise to see a move below 50 MA support and then a bounce. Volatility is welcomed by short term traders like us. This has been a great market to trade in as you can both long and short same stocks intraday over and over again.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 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_34556" align="alignleft" width="800"]
CMCM Still holding the support. Could bounce here if not 20 MA next bounce zone.[/caption][caption id="attachment_34557" align="alignleft" width="800"]
DATE Getting into parabolic zone. Another push higher and I ‘ll be looking for a short setup.[/caption][caption id="attachment_34558" align="alignleft" width="800"]
NOAH 1st touch at 50 MA could get a bounce.[/caption][caption id="attachment_34559" align="alignleft" width="800"]
RWLK Holding the support and flagging after gap up run. Keeping an eye for bounce.[/caption][caption id="attachment_34560" align="alignleft" width="800"]
SHOP New IPO 3 days of pull back. Keeping an eye for a quick bounce.[/caption][caption id="attachment_34561" align="alignleft" width="800"]
TROV Flagging here. Keeping an eye.[/caption][caption id="attachment_34562" align="alignleft" width="800"]
YOKU Mini flag formation. Watching for a bounce here or touch at 20 MA.[/caption]
