TrueTraderOfficial

TrueTraderOfficial

One thing that is important to point out is the fact that each weak I look at all the different sector ETFs to see their charts. Just because something had a down week doesn’t mean that I’m not interested in it. Look at the Financial sector for example. They were down over 2% for the week. But then look at the $XLF chart. You can see it’s really just pulled...

TrueTraderOfficial

JUST like the it’s S&P counterpart, we got that retrace right to the 50d which held and bounced. And just like the S&P, the idea is the same. Retraces back to those levels will be the used as the key support areas. Below that I would look for July’s lows to be support. To the upside we have ATHs as the first area of resistance and after that we have the monthly...

TrueTraderOfficial

Got the big flush down to the 50d/monthly pivot which held almost to the T. Will be watching for pullbacks to those levels as key support this week. Below that and there’s not much in the way of support till the monthly pivot/annual pivot area around 4270s. We have ATHs as the first area of resistance and after that maybe we finally test that 4500 area.

TrueTraderOfficial

$24.60s is the previous lows, I think this stock is gonna find its way back to $30s. It has held this level two days in a row even with the way markets been acting.

TrueTraderOfficial

This is a name on my list which I've been watching off this $23.70 - $24 area. You got Quarterly pivot around $23.70 and look at how closely the candles from last few days had been holding. I wrote down to join a long on this name off $24.20 which is the 200D SMA $ $23.70 is the same level its been holding for a while.

TrueTraderOfficial

Really interesting one. I've been waiting for a bottom on this stock to go back to $31s or $32s, I'm looking for a possible reversal. I wrote down $22.90 which is where you got today's low which is $22.86. Looking for a long risking $22.50 or maybe the lows from couple of days ago, for a turn back into $25 - $26. There's plenty of upside on this name, so will keep...

TrueTraderOfficial

With the market coming in, I am watching a couple of name which are really hovering at the support level. If they break that support they might give a nice wash. $DKS has had a strong uptrend, so if this breaks this level could do a nice wash. I wrote down $101.50, you got the 50D SMA at $101.41 and $101.29 is the monthly pivot. I want to be a little bit above...

TrueTraderOfficial

$110.10 right above 50D SMA and previous quarterly pivot. I feel like this is really close to breaking support here, if it starts to breakdown you see the prior resistance which lines up with the 50D SMA and Q which could act as new support.

TrueTraderOfficial

$53.50 is what I wrote down. You have the monthly pivot, you can also see the POC (point of control) and 126D SMA. This is a name that closed above the 50D SMA. If market does a pull tomorrow this is a key area which I'll be looking for a possible long.

TrueTraderOfficial

$86.10 is my level. You got the monthly pivot right above $85 spot and 126D SMA as well. I'm looking for a retrace on it, if you draw Fibonacci retracement from where the move started you could see that $85 - $86 is right at the 50% - 60% pocket. Had good numbers, pulling back a little bit and also closed above 50D SMA, let's see if it plays out or not.

TrueTraderOfficial

I wrote down 56.80, this is a name that has been trending well. You got the monthly pivot and previous days lows around 56.80s. Market is down few hundred points yet the stock closed green, shows some relative strength.

TrueTraderOfficial

Reported earnings and trading down in the $54 level, I wrote down $53.20 & $52.30. I looked the numbers and guidance they look okay. $53.20 is going to be monthly pivot and $52.30 is going to be a decent support level with annual pivot at that spot. $53.20 is where it kind of kissed in the post market.

TrueTraderOfficial

Im just looking for pullbacks into levels giving us a buying opportunity. I'm hoping if the $SPY could come into this 50D SMA. $QQQ also came in a little bit, coming right into the MP and let's see if it can pullback into this 50D SMA. I do love the fact markets pulled back and really hope it continues to drop a day or two and sets up a really great opportunity for us.

TrueTraderOfficial

Had really nice earnings and made a huge move. Buyers were all over it. $33 & $31 is my levels for a long. $33 is wednesday's low and a quarterly and $31 is just above this monthly and 50D. I think the stock took a breather yesterday and feel like buyers are still around on this name. I think it can push back into that $40 level near term. $33 is kind of close to...

TrueTraderOfficial

Similar idea as $HOLX, looking for breakout. Looking at $55.25 which is yesterday's low. If it retraces back to $55s will look for a push back into $59 - $60s.

TrueTraderOfficial

This is an interesting one, if you draw a horizontal line from April you can see its getting close to a breakout level. My level for long is $76.30, which is just below prior close and just above quarterly pivot. If you look at some of the moves it has had $3 range on it, if it has a strong day on Thursday will be around to take advantage of the range.

TrueTraderOfficial

Watching for a long off $54.55 - has prior low, annual and monthly pivot.

TrueTraderOfficial

They met their earnings, wasn't anything fancy. Wrote down $27 - previous low, monthly & quarterly pivot. If it retest this level will watch for a long off this level.