Trading Watch List 09.04.2020

thumbnail

Market had the look of parabolic move, finally a rug pull, not surprising given how frothy many stocks has become.  SPY holds 20 MA, QQQ not there yet, ideally another pull to 20 MA ,282-280 area would be good for a relief bounce. Slim pickings as far as watch list, one day of selling doesn’t change the trend. Action coming days will paint a clearer picture.

Follow me on Twitter for real time trading setups@szaman and on StockTwits @szaman

Get started on the right path to trading success. Get access to our accelerated day or swing trading course with over 20 hours of content, access to our trading chatroom, live market commentary,  and much more. Learn what it takes to succeed in the best profession in the world.

Sign up for our Day Trading Membership by clicking here      

Here is the watch list and game plan:

OSTK Holding 50 SMA. See if 70 holds for an oversold bounce.
TSLA 20 MA on 385 area. See how it holds.
BIGC Watching if it holds 92-90 area for a bounce.
INMD Watching back over 36-36.35.
TWTR See if this holds 40 level for a bounce.
DOCU Filled the gap. Watching on red to green type move for a trade.
RVLV Watching back over 22.12.
BEPC Holding up well. Watching back over 52.
ZM Unlikely tomorrow but if things get panicky, like this on gap fill 325 area.

 

Early-Bird Pricing Ends Tomorrow

Learn all the day trading strategies we’ve been using for 2 decades in our Live Stock Trading Bootcamp. Limited seating, space will up fast.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top