Strong Earnings Strong Day

Another strong day in the market due to strong earnings. Yesterday marked the 16th day the SPY has closed over the T-Line (8 Expediential moving average). Yesterday’s candlestick closed at $292.88, well over the concerning bearish engulf a few days ago. Price action dipped into the T-Line Bands for a couple of days finding new money before launching an attack on the breakout and new highs. Our outlook remains bullish as long as price action continues to build new highs and higher lows above our lower (RED) T-Band. We will continue to monitor the Live Alert Scanner for buy alerts and setups like the T-Band Moving Up, The RBB Alert, The PBO  Alert, and The 3 X 8 Trap Alert. Did you know there are over 140 pre-built scans/alerts?

Hit and Run Candlesticks trade Ideas for consideration: SWKS, COST, WYNN, BBY, SYMC, T, SPWR, TGT

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