Paul Singh Quick Summary SPY bouncing near resistance. Provides another short entry but not as strong as our original entry since it is another test. Watching old high (190+) and 50 dma (186.74) for potential breakout or breakdown. CDNS (long) and TSLA (short) added to focus list. UA, CODE and JAKK still near entry levels, NFLX is …
Quick Summary SPY gave up yesterday’s gains and is basing above 50 dma. If the moving average breaks, we start scanning for shorts other than market indexes. Focus list longs are all near long entries. EMES and BEAV were removed from focus list and are back on watchlist. Entered CODE today. Watchlist stock URBN and …
Quick Summary SPY bounced off 50 dma. Look to exit bounce plays. Short entry possible on more bounce. Focus list long setups UA, NFLX, JAKK, CODE all at or nearing entry levels. Focus list short EMES may invalidate short setup. Watch next few days. Market leader GMCR still pulling back to gap fill area. Money …
Quick Summary SPY’s bearish evening doji star continues it’s textbook short setup. Also a trend within trend long bounce trade setup. Entered GDP and UA long today, along with short term SPY long bounce trade. Still holding half of SPY short. Many stocks pulling back close to entry points. Some leaders showing strong short term …
Quick Summary The expected bearish evening doji star printed today. Expecting pullback to at least 50 day ma. UA added to the Focus List, and watching IBB from ETF List. India and Brazil remain strong. Over coming days watching market leader GMCR to see if it will fill the gap. The evening doji star setup …
Quick Summary SPY printed a doji hammer today. Tomorrow we will know if a bearish evening doji star pattern prints. If not already short, one can enter near today’s candle tomorrow. GDP added to focus list stocks NFLX and JAKK. Looking for pullbacks for long entry. Market leaders did surprisingly well today. Money continues to …