February 23, 2016
Trades & Tutorials
By Geoff Bysshe
The SPY has rallied off of its double bottom right up to its negatively slopped 50-day moving average. After the size and speed of this bounce it would be prudent to expect some attempt by the market to move lower again.
Here is an ETF and several stocks within that ETF that are poised to be good trade candidates if the market pulls back. As you’ll discover in the video, some of them are also poised to be good trades even if the market does not pull back.
Additionally, AMZN has crossed back over the very important $550 and 200-day moving average, but there is reason to believe that if it can’t hold over that level it could be in for a big fall!
Watch the video to see why AMZN and other big names are NOT on the “buy the dip” list.
