The day started of a little choppy early on, but then the market took off and closed near the highs, and took some stocks from the Watchlist with it. The S&P 500, which was sitting above support, bounced higher and looks like it could be heading for the 200-Day MA, just like the NASDAQ did.
There […]
The indexes closed lower on Friday on lower volume. All eyes are on the S&P 500 as it sits above support at the 875 area. If it trades below this, we could see lower prices in stocks.
There was a trigger on Friday, it was AMCC.
IBD has their market outlook at Uptrend Under Pressure. They still […]
Quick post tonight. There was 1 trigger from the Watchlist. It was DSCM, a penny stock. I normally don’t trade these, but they have been working very well in this market.
Trading this market since the March lows has been fun and at times easy, but things are getting more difficult as more breakouts are failing. […]
