$SPY moved to new highs again after the sharp pull back similar to yesterdays rise and fall then bouncing off 249 area. 249 s the 13 EMA and has continued to be a mark that the SPY gravitates around. Right now its trading very midrange in the channel. It has room to 254 before hitting the top of the range. Although, the market may be slow on lighter volume the next couple days which is normal for this time of the year.
$TQQQ - Pop big over the 50EMA, now approaching the 12EMA, this has been known to have a larger channel, if it keeps going up look for tech to rebound.
$IWM had a big day, breaking through its previous highs, as did $FAS (financials),
$BAS, long>19.27, Oil/Gas play, 50EMA (D) crossover bouncing off the 18.50 area, with low share count at 26.5M (float on finviz is listed at 0.07M, doesn’t seem right). No shares listed short so this may be a short squeeze. May need some further consolidation here before breaking out. Will need vol to push higher.
$AKAO, short <$15. If $15 SUP fails expect a multiway pull to $12. More likely the base will hold and a flag break >$17.
$ARWR, Long>$4.02, trend break. last time ran for $1 over 4 days.
$HTZ, Long >24.25, if it can break there next stop $27. This broke $22, running to $24 earlier this month, expect the same
$IMMU, Long>$13 since touched $13 and falling this has bounced from its descending triangle. Now testing $13 level. if it can break and confirm, then IMMU will be at levels not seen since 2002. The trend is very bullish right now.
$MOMO, Short <32.70, breaking SUP and 200SMA. Next level is 27 level, it won’t be straight down as the stock will bounce as shorter take profits and investors look for the bounce. However, the stock was up 300% at one point so it has lots of room to fall.
$MRNS, long >$6, strong flag after the gap up, sell off and u-shape. Strong uptrend. (presented at a conf 9/27, looks like investors liked what they heard).
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