August 10, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed in the red and below 9900
- this is 3rd consecutive close in red
- close was 0.9% in negative
- AD was 1:8
- note good support around 9700

On a different note, 144 stocks closed at 52 lows and only 14 at 52 week highs.




5 min charts
- circled area is where I was short
- boxes refer to additional short areas I skipped.
- covered short trade around 9820 F (very good support on hourly charts)



My trades

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