In rough seas sailors look for any port in a storm, in this storm your port is established moving averages and previous support or resistance levels. Go through your charts and see how many stocks, etf’s and index’s tested important MA’s and support/resistance levels in the last two days. Know where they are it can only help you.
There is your range SPY 117.43 (50 day MA) by 114.91, not as clean as I would like but given the recent volatility I will take what I can get. This range should get broken soon. Until this range resolves itself be patient.
The following ideas may be actionable tomorrow but, they are minor. In this environment it is best to let one or two alerts pass and see what the reaction is. Are stocks breaking out or failing, breaking down or bouncing back? Either way the following levels could be important.
atw 32 long
esrx 105 long
expd 42 long
mtb 90 long
dgx 54 short
genz 51 short
mon 57 short
qcom 37 short
ma 220 short
Best Practices In Trading: Getting To The Next Level
20 hours ago

No comments:
Post a Comment