Russell 2000: +2.49% Nasdaq: +2.28% S&P 500: +1.74% Nice week for the markets after some nastiness the previous week. We pulled right back to support and bounced back to the top of the range. Between jobs report, earnings, fed meeting there just might be enough catalyst to take us out of the range. …
Nasdaq: -0.13% S&P 500: -0.24% Russell 2000: -0.65% We have a 4 day week this week because of good friday so we need to hit our goals a day faster this week! Cyprus will still be front and center on the markets. Overall we handled the news pretty good as the market came back …
NQ was on last night watch list as a bounce play. Stock had huge volume run up to 10.67 and severe pull back without any bounce and down for 6 days. As it approached 20 SMA/20 EMA on daily chart, i was eying the stock for a bounce soon, somewhere either around 20 EMA or …
Read more$NQ: Strategy to play bounce after severe sell off.
$SLCA gapped up nicely on good earning news today. As you can see on the daily chart, the stock gapped open at $20.94, over both rising 20/50 MAs and not too far off the daily break level of $21.50.It quickly proceeded over the $21.50 breakout area. For this type of play, I usually wait for …
Here is this weeks market recap and analysis of indices [screencast url=”http://screencast.com/t/bT1OFvUgHq” width=”” height=””]
We traded $EDAP in the chat room Friday for big gains. The stock was my watch list as it was pulling back on low volume after a big volume run. As you can see on the daily chart, on 02/01 the stock gapped up over the 20 MA and broke out of the flag pattern. …