About meImpatient Trader, Citizen of The World, Sports Fan, Avid Poker Player. Trading US stocks only. Sharing my trading ideas, opinions, and traveling tips in my blog.
The gap up today will fade (means "Sell on strength") unless intraday setup forms and break above MA 20.
In the meantime, until reversal or breakthrough occurs, today will be a stockpicker market.
Some stocks are acting very strong. I put them in my Weekly Watchlist ---> goo.gl/5DQtx
"CAVEAT DAY" in my humble opinion. Unless market $SPY breaks resistance 165 convincingly, this is a stock picker market. I'd avoid buying breakouts without super solid intraday bases and instead might look for opportunity to sell on strength. No reason to be panic yet. I'd rather see another base formed here before breaking 165.
