SPY is holding very well -buyers are pushing price higher - stock is forming a bullish flag
Facebook is holding support @ 200 ma Reversal candles are forming SPY is looking to rally which provides additional beta.
SPY is stalling at major resistance. -Evening star candlestick formation has formed -Diminishing volume CON: - Minor up trend still in place - 20+50 ema trending up
FB is not showing much strength. Breakout is not abnormal as I expected, adjusting stop below breakout.
FB looks poised for a breakout from optimism on low price volatility. Getting in early, stop loss below trendline.
60 Min chart shows bulls gaining support, however the rest of the market seems very weak.
Going long here for obvious reasons -Trendline support -Bullish engulfing pattern forming Increased volume at pivot low
Bearish candle formation forming @ major resistance
Volume is retracting a little, facebook at major resistance, playing the range
GMCR is looking ugly on all timeframes, looks as if it will continue its descent
Market is weak all around. Small play here at a falling top.
Have faith in the 200 day moving average bounce - Santa clause rally?
INTC is bouncing off bottom of range @ support. No cause for concern on longer term chart. Overall market is giving me mixed messages. Don't expect this trade to be a quick winner, may go sideways for a few days. PROS: -Morning star formation - At support - Long term trend is in tact - Volume slightly increasing -Good risk/reward ratio - 50 day ema facing...
Buying TSLA at major support. Market is tanking, so this one is gonna be a tight stop