If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.
Enjoy tonight’s video, and enjoy your evening.
Comments »
I am still letting the dust settle here, post-Fed.
A long idea to watch into tomorrow is LRCX, and a short idea Visa.
It looks like $188 SPY is holding here.
More on my video market recap after the bell…
_______________________________________________________
_______________________________________________________
The SPY is going for the big breakout here, seen on the 30-minute chart below above $188.
Bull trap or real breakout? Stay tuned. But this is my reference guide.
What are you trading after the Fed?
______________________________________________________
In front of the Fed, Apple and Facebook are giving some decent action on the long side, though I am still flat into FOMC.
On the intraday Apple chart, note the narrowing consolidation since this morning.
I am looking at a $597-$599.50 bracket to trigger either a short or long trade for day-traders, respectively.
_________________________________________________
Courtesy of The PPT algorithm, here are the most current top five readings from my “12631 RELATIVE STRENGTH” custom-made screen, identifying which stocks are exuding some of the best performances to the market at-large at any given moment.
I look for stocks whose Daily PPT Hybrid Score surges, while the Weekly Hybrid has been negative over the past week. This can often yield stocks which are emerging from consolidations.
Members can click here to view and save the screen.
Sorted for at least 500,000 shares of daily average volume to ensure liquidity.
Please click on image to enlarge.
________________________________________________________
Comments »
Following-up on an idea from last week, Veeco is following Cree lower in the LED space.
On the daily chart below, note the potential for further weakness if we see the market sell after the Fed.
Overall, it is a mixed bag, with some beaten-down names like N too oversold to short and capable of bouncing a bit more from here.
Cash is a powerful position, for now.
___________________________________________________________
