#DayTrading – signals…

TREND TRADE: Long from open, 11/9.

SWING TRADE: Buy from open, 12/14.

DAY/SCALP TRADE: Long bias but short scalp possible..

PRICE TRENDS: Down 1 day.

SETUP:

Failed to post this yesterday due to time conflicts but for the record this is what was.

Although the longer term remains bullish, market breadth gave an ominous short-term warning of a possible dip in the market (which was posted, see below).  As a result there were no day-trading stocks to buy and in case the dip might become a tumble, stops needed tightening on swing and longer-term positions to preserve profits according to one’s own risk tolerance.

Scalps would be easiest on the 3x-leveraged ETFs: SQQQ, TZA, SPXS and for the those addicted to the wild and one-day crazy, UVXY (today’s move featured below).

(right click on the chart for a larger view)

day_trade2_2016-12-07_1311

 

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