SPY 200 Day SMA Test, $SPY $UUP

$SPY @ 200 Day SMA Important level to watch Bold Statement by Jim Rogers (March 2016) Source: http://www.bloomberg.com/news/articles/2016-03-04/jim-rogers-there-s-a-100-probability-of-a-u-s-recession-within-a-year “It’s been seven years, eight years since we had the last recession in the U.S., and normally, historically we have them every four to seven years for whatever reason—at least we always have,” he said. “It doesn’t have […]

$ROVI #2

$ROVI Stock retraced since the last trade. Remember, position risk management is priority over anticipated direction. Regardless of being right or wrong, keep losses small to stay in the game. Stock remained below the 15 minute opening range (bearish) Short entry off the VWAP and held until the trend was no longer valid Possible start […]

$X

$X Stock failed to make higher highs, then started to trend lower a break at the ~14 price level led to a selling frenzy shorting at~14 and covering at ~13 are the ideal trades to look for take note of the lower highs after the high of day and the VWAP(purple) rejection Price held at the high […]

$ROVI #1

$ROVI Stock went up for multiple days and looks overextended. This setup looks to be a good candidate for a swing short. 3+ days green and now a big red gap down day looking to short intra-day rips (short-biased) Important price support level is at ~18(breakout) and the round number 20 These are areas where I would consider […]