Dear Fellow Trader,

Great snapback yesterday, many stocks had good moves, some from $1 to $10 for the top leaders, good sign. MDOR had a good day as well confirming the move.

Dear Fellow Trader,

A modest down day yesterday is what we needed if we want to see some short term reversal. Some stocks are establishing reversal points, so today we could have a few stocks going up, but again we need to wait for the confirmation to enter. But this is not the best market condition to trade, you need to recognize this.

Dear Fellow Trader,

The Market did plunge Monday and the rising trendline i highlighted (here many times over the last 2 weeks) on the NASDAQ and that had to be respected, was finally broken yesterday, most stocks were going down yesterday. The Best was to either short or stay put…This was to be expected, we ran hard since begining of March, for almost 3 months…
As discussed yesterday, we can expect some choppiness for the next few weeks, until the earning season of July Start…. *** By the way some of you were asking me in the survey, when will i reveal my identity…It will be done Thursday or Friday with the Launch of the Course…(for the ones that are interested).

Dear Fellow Trader,

Friday confirmed that most stocks in the market are either breaking down right now(not on heavy volume for the most part) or just chopping around making ownership or trading pretty much ineffective except for just a handful of stocks. I expect that Stocks won’t get going again until earnings start coming out in July.

Dear Fellow Trader,

Thursday brought some upside movement, which could be the turning point we needed to keep going up again for a while. The DOW and SP finished up from the day before and the Nasdaq was basically flat.

Dear Fellow Trader,

Wednesday we started to see some green back into the market, specifically on the Nasdaq and as for the DOW JONES it retraced a little bit from it’s lows, so today we could perhaps expect some upside movement, but we will see this at the open.

We can see that the old resistance on the NASDAQ, at 1780 could now be the support…To get back into a positive up trend we would need for today’s high to be higher than wednesday’s high….we will see if this happen.

BPUR seems to lack what it takes to continue higher, but in my case as long as it doesn’t go under 0,25, i don’t mind waiting a bit.

TTNP continued it’s move and yesterday gave us another 20% gain, with an increase in volume also. Very good sign in this market.



MDOR my stop loss is 0,79, it’s a bit wide, but this stock need some room, so let’s see if can coninue what it started tuesday…

SPNG chart does need to stabilize let’s see if we can get one of these positive reversal sign.
Here is a 60 MIN chart to show you what’s happening now….This stabilisation on the 60 min , should bring a move soon.

Here is SPNG Daily Chart.

NOW i want to show you GS, that broke a very long uptrend line yesterday with volume…it basically was there waiting for the last few days and then the volume came in driving it down..I show it as GS is a leasder of the financial and it’s important to watch…

CAL support worked again as discussed tuesday morning.

Entered that one yesterday, very strong volume at the open and kep going. It could continues it’s up move but only for the one that can trade quickly in and out at this point and you need to know how to use 5-15 min charts to find right entry.

Have a Great Trading Day !