George Kong @Gdog88
Joined June 2009-
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To succeed in trading you must; 1) aim high; 2) control the risks; 3) be unafraid to keep uninvested reserves and be patient. ~Gerald Loeb
Volume fading in $MNST ow.ly/pKQd300Ymhy
The broad markets have a powerful gap-and-go day, very encouraging to see. $AAPL has been bouncing well likely toward its 50-day SMA.
Good luck to everyone running the #londonmarathon2016 today, perfect weather for it ⛅️ instagram.com/p/BElC7LjjiZP/
Good to see $SPY go over its upside tgt of 200ish mentioned before profit taking occurred. Reminder: Never fill your bowl to the brim. #NFP
What a powerful bounce from yesterday's pullback! Very encouraging price action is witnessed on $SPY with its next tgt to 200ish likely.
Market action is very choppy in light volume while some rotation seems to be on. But, an old adage echoes: "Do not short a dull market."
One thing to bear in mind is this: never try to sell at the top. It isn’t wise. Sell after a reaction if there is no rally. -Jesse Livermore
$SPY got rejected at precisely its 50-day SMA of 195ish as mentioned. It may find short-term support at its 21-day SMA which is low of day.
Mixed action in leaders is seen. After bullish reversal occurred, $SPY holds up & may reclaim its 50-day line helped by window dressing.
Surprised by the sharp rally? Remember what Art Cashin repeatedly said: "Bear market rallies are short, sharp and die on low volume."
When I'm bearish & sell a stock, each sale must be at a lower level than the previous sale. When I buy, the reverse is true.-Jesse Livermore
$SPY closed the last exhaustion gap this am before giving up most gain. Wild swing has been seen in this downtrend ing market. Be quick!
Think and you would know! Watch the the momentum & volume of downside moves, & short-term oscillator reading ... x.com/airvipmrohde/s…
@RAsecure1 For day trading, it's worth waiting for possible capitulation selloff which results in sharp oversold bounce. Always be ready!
Happy, Healthy & Prosperous Chinese New Year! Let's celebrate the year of the money... 💝🎈🐒💰💰💰 x.com/time/status/69…
Happy, Healthy & Prosperous Chinese New Year! Let's celebrate the year of the money... 💝🎈🐒💰💰💰 x.com/time/status/69…
It's not convincing that IBD's current market outlook is Confirmed Uptrend. $SPY can't stay above its SMA 21-day; many leaders got crushed.
$LNKD lost 15% on its earning report, following the steps of $AMZN $NFLX $AAPL. Day trading remains a better way to maneuver this market.
Major indexes are consolidating the gain from oversold bounce, but leaders act weak led by $NFLX $AAPL blamed by their uninspiring earnings.
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@RichardBHoward @Csky100 No matter what happens, I think it's smarter not to chase rally at this level as marker leadership has narrowed.
@Canucks Remember the illegal hit on Naslund. Canucks took things into their own hands. Will it happen again. We will see.
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To succeed in trading you must; 1) aim high; 2) control the risks; 3) be unafraid to keep uninvested reserves and be patient. ~Gerald Loeb
China's Oil Output Hits 5 Year Lows - Oil Market Daily seekingalpha.com/article/399929… $USO
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