The SPY continues to consolidate in the $112/113 range; we have a shot to break the range tomorrow on the employment situation numbers at 8:30 stay tuned.
GS was the story today breaking out of a 5 week range and the 50 day MA before closing the day right at the 200 day MA all on better than average volume. Is he the canary in the coal mine that tells us where we are headed?
The dollar index rallied this afternoon closing above the 20 day MA (80.37) so we will have to monitor it tomorrow and see if this rally holds.
The TBT leg of the TBT/SPY trade is still above the weekly trend line but close to being stopped out. It keeps stopping at the 150 day MA and it is going to need a close above that to have a shot at working.
I have a number of alerts tonight most are long only one short. The employment number should set the tone for trading tomorrow so watch the 112/113 range in the SPY and see which way we are leaning. If there is weakness and then and then a recovery like today these levels may act as targets. Don’t enter the trades if the stock is extended away from a base and make sure the volume is good, and always use reasonable stops.
asia 28 long
clne 19 long
cnq 71 long
orcl 25 long
driv 28.15 long
nmm 16 long
mtl 25 long
tii 18.5 long
ure 7 long
clne 19 long
dov 46.5 long
rs 47 long
dow 30 long
gpn 42.5 short
Best Practices In Trading: Getting To The Next Level
23 hours ago
You must really like CLNE @ 19 you listed it twice. Thanks for the list and commentary
ReplyDeleteI do like it but not enough to list it twice. Good catch. Sorry I will try and clean the list up in the future.
ReplyDeleteI was just messing around no need to apologize.
ReplyDeleteYou catch the move in CLNE? Had some nice volume on the breakout.
ReplyDeleteI know you were messing around it's all good. Yes, I caught the CLNE great trade nice setup early and then a clean breakout through the number.
ReplyDelete