I'm caught not knowing which way the overall market will go at this point? So, choosing individual stocks to trade is a wise idea. But, that stock looks like it trades too similar to the market.
I'd rather trade one that isn't as affected by the moves of the s&p and dow.
That's a smart idea, as during this light volume summer period, they can push the market in either direction. With a prints to the upside and downside, I'm not convent either way.
I do see a lot of bullish comments, but there are still a lot of bears out there with stops at 1100.
How we open seems to depend on whatever big bank is releasing (bad) results, and how we close the AH sessions seems to depend on whatever tech company is releasing (good) results.
I'm trading very short term this week, using support and resistance lines, afraid to keep anything overnight bull or bear.
Lot's of people turning bullish here Dread, and I'm not one of them. While we could still go up to the 109.79 spy print (maybe, as I'm not sure if it's a real FP or not?), but that's about as high as I can see it right now.
I have another upside print of 112.41 spy, and if this really was an ABC move up (from the 1010 low to the 1100 high as wave “A”), then it's possible that we finished wave “B” down this morning and we're starting wave “C” up now.
But that overhead resistance from the falling channel has been impossible to get over. Tomorrow it will be in the 1085 area, and it's going to take a gap up to get over it.
$TNX was down 1% today, which I consider non-confirmation of the big rip up. I got out of my long position after banking some gains. UUP was also up on the day.
I'm caught not knowing which way the overall market will go at this point? So, choosing individual stocks to trade is a wise idea. But, that stock looks like it trades too similar to the market.
I'd rather trade one that isn't as affected by the moves of the s&p and dow.
WHR chart,
http://pitch3.zstock7.com/wp-content/uploads/20…
That's a smart idea, as during this light volume summer period, they can push the market in either direction. With a prints to the upside and downside, I'm not convent either way.
I do see a lot of bullish comments, but there are still a lot of bears out there with stops at 1100.
How we open seems to depend on whatever big bank is releasing (bad) results, and how we close the AH sessions seems to depend on whatever tech company is releasing (good) results.
I'm trading very short term this week, using support and resistance lines, afraid to keep anything overnight bull or bear.
Agreed…
Lot's of people turning bullish here Dread, and I'm not one of them. While we could still go up to the 109.79 spy print (maybe, as I'm not sure if it's a real FP or not?), but that's about as high as I can see it right now.
I have another upside print of 112.41 spy, and if this really was an ABC move up (from the 1010 low to the 1100 high as wave “A”), then it's possible that we finished wave “B” down this morning and we're starting wave “C” up now.
But that overhead resistance from the falling channel has been impossible to get over. Tomorrow it will be in the 1085 area, and it's going to take a gap up to get over it.
http://stockcharts.com/def/servlet/Favorites.CS…
I just don't see it yet? Does it seem to you that everyone is now bullish? It sure does too me.
$TNX was down 1% today, which I consider non-confirmation of the big rip up. I got out of my long position after banking some gains. UUP was also up on the day.
New post… with video.
Figures… Oh well, we all have someone above us it seems.
Sorry, no market direction. Just the entities in control, lol!
Thanks Newbear… back at you.