Trading Watch List 09.14.2016
Volatility is finally back in the Market. Monday we saw nice rally after support held in SPY along with many other stocks including some of the ones from watch list.. Rally was short lived with a gap down open on Tuesday.
SPY in the middle of the range now with 50 MA resistance and Friday’s low 212.30 as support. If it bases in between, that will basically develop in to a bear flag unless it goes over 50 MA.. Tricky spot we are in right now .So be careful out there. If market become range bound here, trading might be choppy. Watch list bounce ideas like AMZN, SINA, TWLO. ACIA worked well on Monday and you could basically flip and short them on Tuesday. Beauty of active treading in volatile market!If you are struggling with your trading or learn how to trade you need to check out our trading courses. 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.
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ACIA Need to stay above 103.
AMBA Short idea worked well on Friday. Could be fader again below 65.50.
AMZN We had our 50 MA bounce. Next time through 50 MA, could be a short. Needs to get over 20 MA for bullish momentum.
BREW Nice flag going here,watching over 20 if market holds.
CLCD Tight flag. Watching over 22.70 for a pop if market holds.
KPTI Low volume consolation after big run. Holding support so far. Keeping an eye.
UWTI Oil,bear flag break setup. Watching for oil short via DWTI long.
Originally published at bullsonwallstreet.com on September 13, 2016.