Massive rally in $GLD today pushing it above two separate resistance levels today. Watch as it tests the 200-day moving average now $VIX with a break back above major resistance. Key is to hold that level into the close. Rising resistance could prove important next week. A new layer of resistance is forming for $JPM
Panic selling on the $TICK Â Â
$PYPL confirming the short-term inverse head and shoulders pattern as well as breaking above the declining trend-line today. Â Â
$SCHW with double top confirmed on the intraday post earnings.
$DKNG breaking below key support.
$MSOS testing resistance on the spike higher.
$MA bear flag pattern could lead to a test of long-term support.
Like $BAC I also see $JPM ultimately pulling back to the rising trend-line.
Episode Overview One of the biggest problems among traders in the stock market is in the inability to not trade. To show patience and wait for the right setup. Ryan Mallory talks directly to traders to make them look at patience as a strategic approach to trading successfully in the most volatile and unpredictable of
$AMGN double bottom and impressive action, but the breakout is well underway following the move above $220. Also in a very difficult sector and industry right now, and one of the few bright spots. Not enough though to interest me.