SPY: Wrote 123.50 pivotal, today's low 123.60. 127.50 the 200 DMA next big area
IWM: Like Gilligan's Island, the island top turned out to be more like a 3-hour tour. 77.75 the 200 DMA with 73.45 support to hold
QQQ: Cleared 57.50 and got interesting. Back to a possible stab at the July high fever unless 56.40 breaks on a closing basis
ETFs:
GLD Long on OR reversal and took out 1/2 ATR profit on 1/2. Almost filled the gap up to 172.20. 168.20 the 50 DMA to hold now.
SLV (Silver) It underperformed the market and still in bear phase. Back under 33.00 trouble
FXI (China) Could see a test of 40.00 near if closes above last week's high 38.76.
XLF (Financials) Filled the gap negating an island top. Watch 13.10 to hold with next resistance 13.95.
XRT (Retail) Splendid comeback from the low in the early morning. Subs-Negative pivots at 52.75.
OIH (Oil Service Holders) Filled gap. A close over 128.75 good sign as we end the week.
XLE (Energy) Subs-1.5 ATR from Wednesday entry on the reversal. Swings looking for what happens at the 200 DMA 72.46.
Longs: I like the narrow range day indicator when lines up with other favorite setups. Not putting on the list any stocks that have touched and not cleared the weekly Bollinger band, but that doesn't mean they won't clear. If have something you like that is not listed, please ask. To keep the list tidy and fresh, I always look for new setups. (An adjustment on swing stops that use the 200 DMA like MSFT -stop on closing basis only) NFLX GOOG sweet!
CAH (NR 8) Positive pivots at 44.28 with daytrade risk under today's low 43.96 and swing trade risk 42.10. Over today's high could see 47.50 next resistance with more upside possible above July high. All time high 55.50. Day to swing
PM (NR 7) Positive pivots at 70.55. Risk under 70.00 for daytrade under 67.25 for swing. All time high 72.74 and could see a move to 85.00 Day to swing
NSC (NR 8) Also inside day with positive pivots at 73.57. Today's low good daytrading risk with swing risk under the 200 DMA 68.60. Could see move to 78.40 all time high and beyond. Day to Swing
Note: FSLR over 50.00 could see run to 60.00 with risk today's high 49.00
Honorable Mention: OR Reversal BIDU NFLX (94.00 target) GOOG* (Long today on reversal)CVI IBM (Reversal today) GPC RRC VLO COG LULU* COH Must clear R1 BBBY LVS TIF TSCO
Shorts: Scanned for narrow range and negative pivots
ESRX (NR 9) Negative pivots at 55.05 and cannot clear R1 or today's high 44.61. Could see test of 41.85 if breaks. Day to mini
TWC (NR 8) Negative pivots at 63.01 and should not clear today's high 63.88. September low 60.19 and could see move to 55.00. Day to Swing
WLT Negative pivots at 73.68 and cannot clear R1 77.36. Under 70.00 target 54.00. Day to Swing
AGP (NR 14) Exception to the negative pivots since positive with narrow range and against the 200 DMA at today's high 57.33. Overbought on the daily, weekly RSI. Must break S1 and today's low 56.37 then could see a quick drop to next support 52.20. (Perfect setup if market starts to sell off only) Day to mini
Honorable Mention: LIFE (NR 14-under 39.09) APKT (Cannot clear R1 39.29)
Goodnight!
