Market has opened and is continuing to build on its impressive gains. You have a morning-doji star candle pattern forming which could be a good sign of a short term bottom forming finally in the S&P. The key is whether it can reclaim the 20-day moving average and 1200 or if it will just sell-off after testing it.
LONG: Cellcom Israel (CEL)
SHORT: DirecTV Group (DTV)
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In today's episode, Ryan answers the questions of one listener ranging from his transition from paper trading to live trading, and swing trading to day trading. Also addressed is his approach to trading, specifically Fibonacci retracement levels and why Ryan prefers Pivot Points instead.
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