There's nothing better to ferret out the resolve for the bulls and frustrate the bears than a divergent gap down in the major indexes. The divergence was the fact that the QQQ and IWM gapped below their prior day low …
Longs:
Today we did well with the longs. I don't see many great set ups for tomorrow so I'll be cautious on the long side.
WYNN - breakout or reversal over 133.50
AXP - very strong, I prefer a reversal…
Long Focus:
DO – Inside day with negative pivots. Must be over 60.27
AGU – Prefer an OR Reversal over 88.50.
COST – Must hold prior low, 88.14
MMM – 3 days inside last Tuesday’s range. Look for breakout over …
Longs:
All have postitive pivots except AAPL so OR reversal or breakouts that are not too far over prior day highs.
AAPL
CF
DO
FFIV
BBBY
AGU – inside day
UNP – inside day
COST
JPM - inside day
Shorts:…
Long:
EOG
CF
DLTR
VVUS
DO
FFIV
ROST
COF
BBBY
WYNN
AGU
Shorts:
PPO
X
NUE
SINA
APC
KSS
FDX…
Longs:
AAPL
HOG
ROST
AIG
AXP
COF
SLG
PNC
MAKO
BRCM
EOG
Shorts:
MUR
ANF
BTU
MOS
PPO
RIO…
Longs:
ACN
MNST
COF
LULU
PNC
ROST
UNH
AAP
TDC
STX
YUM
AIG
AXP
MAKO
Shorts:
MUR
ANF
BTU
MOS
OPEN
SOHU…
Longs:
TDC
WYNN
V
EL
PNC
CAN
LULU
CF
ROST
CREE
MNST
WFM
JWN
AXP
KSS
FOSL
Shorts:
MUR
SLV or AGQ
CNQ
ANF
BTU
JOY
MOS…
Longs:
JWN
V
WFM
CREE
EL
CREE
HLF
HUM
LNKD
PNC
CAN
SWI
CF
YOKU
Shorts:
JOY
ANF
BTU
FSLR
MOS
SLV
CNQ
TIF
PRU…