Saturday, March 24, 2018

Watch-list for Monday, March 26 $SPY $VXX $GS $TWTR $FB $INTC $C $COP



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SPDR S&P 500 ETF
SPY ---> Markets are going crazy and we don´t know what is going happening on Monday! SPY is almost reaching its 200 Moving Average and the last time that it did that, it Bounce! I´m expected a similar action here! However, if break down the $250 level, we could get a crazy drop until $238! The charts bellow only will work if market recover!!  Keep save here!



IPath S&P 509 VIX Short-Term Futures ETN
VXX ---> Looking for this powerful picture, we almost can bet that it goes to explode towards $56.50! If so, that means that market crushed, if not,the market bounced and we could get a nice short! $50.68 will be the crutial key level!! You need to have a great emotional control to trade this one! If you are a rookie or a defensive trader, i do not recommend this one!!


Goldman Sachs Group, Inc.
GS ---> Is hitting a support zone! Could be a great Buy!! 

Twitter, Inc.
TWTR ---> Is holding very well above its Lower Bollinger Band Line and above its 50 Moving Average. If market bounces, is definitely a good Buy. 


Facebook, Inc.
FB ---> Entering in Oversold Land!! Watching for Base Formation.


Intel Corp.
INTC ---> One of my favorite setups!! Watching for an entry.

Citigroup, Inc.
C ---> Is nearing of its second major support! Watching for reactions. Another great Buy level on radar

COP ---> Very strong in ugly days!! North is the way

Disclaimer

All charts posted here are merely tools to study based on major technical indicators!! It is up to the reader to decide whether the stocks mentioned above are appropriate for your strategy! I warn that the good performance of a stock not depends only the technical data and I can not responsible for any trade that goes wrong!! Follow me on Twitter and Stocktwits, during the day I post some good ideas of trade

Regards

FonsieTrader