IBD50 Charts and Setups Part 2
IBD50 Watch Part 2
IBD50 Watch Part 2
I have to first start by saying that we had an epic day in the Boom Factory. My man, Kunal, picked up a ridiculous amount of stocks that rocketed through the roof. It was hard to believe that the market was down during all of the Boom Factory exuberance. BUT, nothing has changed! This is still …
Here is a video recap of a few stocks we probably should have been involved in Friday for nice scalps. If you have any questions, let me know.
evening folks. Nice day in the markets thursday and friday while i was gone. At this point when market has broken key levels of support you have to assume the market is guilty till proven innocent. So any bounces toward 1300/ 50dma i will assume are reflex/relief bounces. Often a breakdown of key support after …
Summary: Market is sitting on support levels in the macro view with many stocks sitting on or failing below support. Libya and Japan continue to the fuel the bears as bulls trade nervously. In other words, it will be harder to go up than down in this environment. With even America’s pride and joy consumer company, …
Retail swingers continue to get their butts kicked as intraday market volatility and heavy alogos (little black boxes) push prices through stop orders and abuse anyone not willing to ride the wave. Thus, I’m not spending much attention on swings right now and spend most of my time trading intraday. I am, however, sitting on …