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On the weekend, I used this chart to point out that the NASDAQ did find support on the 10 weekly MA. This is often an area that holds as support, so would the markets move higher from here?
The markets did move higher, and I would use recent lows as a stop.
Read MoreI posted the following 2 charts in the weekend report as a reminder of a few trade ideas that we are currently watching. I have a few more that I wanted to add before the market opens...
NAK - we have been accumulating this on and around the 200sma for months. Friday mornings report showed that NAK was back on the 200sma, and it popped Friday...
We also looked at this chart again...
Read MoreOn Friday we saw some nice follow through on a few of the recent trade set ups, but Let's start by discussing the markets after the Fed decision on Wednesday.
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