$SPX Daily: Closing price has held 1,230 and intraday lows have held 1,220. We could push up to cluster resistance of the price resistance in blue, the 200 day MA, and upper BB, all are at 1,275!.
IBM: Price is struck between gap resistance and the uptrend line. This should work itself out soon and we should expect price to move soon.
My Watch List: I have to candidates for shorts and 2 candidates for longs. That seems weird!
AMZN: Rough day for price. Price fell below the daily BB and tested the 200 day MA. It seems likely to test the bottom trend line. Below that would be a significant development.
AMZN Weekly: Divergences have formed with price rolling over. Notice the wedge formation on the MACD! Below the trend line would be interesting!
HANS: Ending diagonal or running wedge correction? Hard to tell on the daily, but I would lean towards running correction for now. We do have divergences forming.
HANS Weekly: Looks like ending diagonal on the weekly! Needs price follow through.
CAT: Just a little flagging the past two days and it has a viable chance to trade up to the 200 day MA.
MCK: Big gap higher and above the recent down trend line on solid volume. Price is well above the upper BB with BBs widening.
MCK Monthly: It seems logical to expect price to test where the black and blue lines cross in the low 90s!
From My Trading Desk: Today was a very busy and odd trading day. I closed my short on AAPL early for a loss as I was uncomfortable with that trade. I tried shoring it again, and had a second loss on AAPL for the day.
I scalped AMZN twice for good gains. I scalped CAT twice for small gains. I scalped MCK once for a small gain. And I scalped HANS once for good gains. All in all, the gains were more than the losses on AAPL.
Towards the end of the day I put the short back on for HANS and the long back on for CAT.
Tomorrow: If MCK opens lower because it's so far above the daily BB, I might buy it. If HANS opens down tomorrow, I will close my position for a gain. If AMZN opens up a little, say $200 to $205, I might short it.
Those are the options I'm looking at most for tomorrow.
Happy Trading.
J.D. Rosendahl