Big Pullback today off of 205 price level for the SPY, showing rejection on markets with QQQ making a small pullback too.Oil holding just under 40 closing green. Pullback could continue towards the 200 level for spy which will bring some plays to the downside and must be more careful against running stocks as these could not run as much as this month began, must select solid catalyst to not get caught underwater with sympathy plays. Still watching some Biotechs closely as these have been running with interesting news and some of them are receiving good results and expecting FDA approvals which can still bring good runs.
I orginized the above table by volume, highest to lowest, all information from finviz.com. I filter and group catalysts as to share public information but no recomendation to buy or sell any of these stocks. Price action dictates and plan your trades accordingly, dont over trade nor use bigger positions if uncertain. Patience is key for entry and let winners run for as much as conviction allows you, taking partials along the way.
www.finviz.com - Free scanner
@slopezsu - tweeter
Safe trading!
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