Send me real-time posts from this site at my email

Today's Trackdown for Friday - Nov 26, 2021

SPY Charts and some Technical Analysis

Today's Economic Calendar - The Charts - Opinion - Stock Picks.

Today's Economic Calendar:

The NYSE and the NASDAQ will close early at 1:00 PM ET.


(NOTE: Charts are a guide, do other research as well.)


The markets were mixed on Wednesday, but the Nasdaq had a solid up day.  and started the week with some declines. We did have a change to our chart indicators. The Money Flow turned negative. SPY 470 has acted as resistance.


The Money Flow turned back to positive.


We were expecting a sideways range bound market to develop, OR a resumption of the previous uptrend. Looks like we are back to the uptrend.

Risks: Negative budget or inflation headlines, political uncertainty, and/or Covid fears.

SPY 430 is our strong support level. This level could also be considered a stop area for some traders. SPY 450 is also a support level.

* If you have any questions, opinions, or comments to add please do so! *

IF wanting to gamble: Options trades on these ETFs will give you a way to place your bets. $TQQQ - $SQQQ - $SPXL - $SPXS.

* Beware - levered ETFs are subject to decay and are not for long-term holding. *


    • We are above the 20-day moving average, which is rising.
    • We are above the 50-day moving average, which is rising.
    • We are above the 200-day moving average, which is rising.


    • Think about the Fundamentals, Valuations, Virus news, the Economy, Jobs, Politics, The FED, etc.?
    • Inflation fears?
    • Some things out there to worry about still! Or a wall of worry to climb as the saying goes.


    • Bull market is still going.
    • Longer-term questions to ask: When will the Fed's easy money and the stimulus sugar run out?
    • Will higher inflation cause the Fed to raise rates? Covid still hurting the economy?
    • Supply chain issues?

    • We still say "Use Caution". Do not over risk yourself or over leverage yourself.
    • We are still susceptible to large drops or dips.
    • Look for trading opportunities that could result and have your trading lists ready.

    * Be careful if using MARGIN, be certain of your trades! *


    The MACD is positive. The Stochastics are neutral. The Money Flow is positive.

    MA +/- (slope): The 50-day MA (451.21)(+0.48) and the 200-day MA (425.86)(+0.42)

    The 8-month chart (below).

    We are above the 430 strong support level and 450 support level.

    Following the blue line?

    STOCK PICKS: (For trades and/or investments.)

    • Current trading favorites: AUPH - Aurinia Pharma (BMY is rumored to be buying them out!), CARA - Cara Therapeutics, EPZM - Epizyme, EXEL - Exelixis (A bargain here), HZNP - Horizon Therapeutics (A big winner for us last year), IOVA - Iovance (Accumulate on weakness), KPTI - Karyopharm (Accumulate under $10), SGMO - Sangamo (Promising data here, accumulate.), TGTX - TG Therapeutics (Our Top Pick!).
    • Tech Picks: CRWD - CrowdStrike (Be aware it has a high valuation), DT Dynatrace (Good longer-term hold).
    • Also watching: IMGN, VKTX.

    ** TGTX is a great buy at current levels, recent selling is way over done. Longer-term this will be higher. Accumulate as much as possible. Their pipeline MS drug looks like it will be best in class. **

    * Feel free to share your list/picks in the comments below.

    Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal.

    If you liked this article, please click the LIKE (thumbs up) button.

    Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so)!

    Follow us/bookmark us and check back occasionally for additional articles or comments on our page...

    Wild Tiger Trading - start/main page.

    With our Daily Trackdowns, check back for additional analysis/observations during the trading day in the comments by us or our readers.


    Welcome! Is it your First time here?

    What are you looking for? Select your points of interest to improve your first-time experience:

    Apply & Continue