SPY - SPY hasnt broke under the prior day low in now 11 trading sessions and also has made 11 straight higher highs which overall is a bullish trend. However, I do believe there is reason to be cautious here and perhaps consider a short setup on SPY. I am looking for the trend I mentioned to break to grab some puts. So if SPY breaks underneath todays low of 149.93 I will enter 149 puts for next week expiry. Also the VIX had it highest close today in 18 trading days. Take note of that as well.
PCLN - Pretty nice bull flag pattern forming on the daily here and holding support at 694 and with the 8ma getting closer I think PCLN get setup for another Thursday/Friday run. Watching for trigger long above yesterdays high
MJNA - Very nice breakout today above that .16c level today. Should turn into a great penny swing if it holds above .16c. Would use .20-.25c target for now
GNBT - very bullish intraday chart today for GNBT as it absolutely ripped today +60% and closed up at the highs. Tomorrow I want to see .058c hold for support and as far as next resistance there is resistance at .072ish and then nothing til .09c
Did you know that you can watch Stockhaven trade live in real time?
Learn how to daytrade by watching someone else trade! Watchhimtrade.com is the only site that lets you look over the shoulder of a professional daytrader.
Watch this video now where he shows you how it’s possible to make 100% in just 5 minutes!