Kunal Desai Another day another dollar in the bulls room $1138 in gains today. No matter what the market does we have an answer! We had our first test of the 50dma today. Should be short term support for now.. however, as I said yesterday, if we crack that level then the whole nature of the markets …
The market had a nice rebound today after the sell off yesterday and we once again banked in the bulls room with $816 in gains. We are still in a channel trend on the $spy. As long as the 50dma holds, I am bullish on the market. If that breaks then we will have 2 …
A wild day in the markets today as it was a sea of red in chart land. Everything was crushed so bad today that there isn’t alot of great looking charts out there. Ideally, we gap up in the morning and then look to fade the gap. The great thing about being a momentum daytrader …
We had a great day today in the Bulls chat room shorting recent momentum parabolic movers SBGI,NXST,GST,TVL,MEG. Let’s study SBGI and NXST chart to see how we traded them. Both had huge runs last few days with SBGI going from 20.50 to 27.60 in 3 days! NXST from 16.50 to 22.40. This falls into parabolic …
Read moreTrade review: Shorting Parabolic runners $SBGI,$NXST
After a bit of a mini reversal to start the month the markets got their rally hats back on. We had across the board gains for the weeks and have made new highs once again with all major indices up 2% or more. Earnings season is starting up so watch your earnings calender if …
Slight red day in the Market on Friday, however price action remains strong in many individual stocks. After the run up we had, few consolidation days are ideal as it would set some charts up for next move higher. Many names are way too extended and could use a pause but the strength remains just …