Another week that defies the “slow summer trading” stereotype. Many great earnings plays, explosive biotech catalyst, and even small-cap runners! Here is a recap of some of the day trades I took this week. The good, the bad, and the ugly! $CRWD, $ALLK, $SOXL Papercut, $OSTK Scratch $CRWD On Monday, the overall market had just …
Big rally day in the market after lows were defended on Wednesday. SPY filled the gap and 50 MA remount . Big move in last 2 days and resistance coming up around 295 level. Pretty much every chart has the same look tonight. Big bounce from the lows. They could consolidate or grind higher. Not …
Oversold bounce day for the market after being pounded on China tariff/currency news. SPY over 288, might have a gap fill attempt. However, many broken charts and market below all shot term moving averages, it might take some times to heal. We are mostly focusing on earning news related names in chat room. Some decent …
Market pullbacks are inevitable. No matter what you trade, nothing goes straight up forever without pullbacks or crashes. This week have seen a large pullback in the US stock market, and I see people panicking and making the same mistakes every time. When you have the right rules and training, days during a market pullback …
Follow through downside move after volatile wide candle action that started on FOMC news. SPY bouncing 291 support zone and closed above 50 MA. Short term line the sand for bulls. Needs to follow through with the bounce. Free Chat Day 8/8: Watch Us Day Trade Live This Thursday, August 8th, we are doing a …
This week was the best trading week of the year hands down! With multiple news catalysts affecting the market (Fed meeting and tariffs), and being the peak of earnings season, there have been a plethora of trading opportunities every single day. So much for slow summer trading! You may want to pullup the intraday charts …