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 89.60. Tuesday’s high is 89.75.
TEVA – Looking for a breakout over 46.
UA – Prefer a reversal over 98
Worth watching from last week for OR reversals: CF, FFIV, BBBY
Short Focus:
CAT – positive pivots, must be below FTP, 104.38
CLF – OR reversal only. 63.30 area would be ideal.
X – positive pivots, must be below 28.40
CNX – Reversals or breakdown. Prefer a reversal. Look for resistance around 32.85. Must be below Friday’s high area of 33.15
FTNT – Must be below Friday’s high of 26.37
POT – Must be below R1 area, 43.15
NOV – Reversal or breakdown. Key resistance at 76.40 area. Key support at 74.50.
C – Inside day, key breakdown level is 33.35. Wall of resistance at 34.14 makes an OR Reversal with that level in the stop attractive. Watch XLF for confirmation of a negative mood in the financials.
LH – Inside day. Four days of consolidation could lead to a big move in either direction. Down would have room to run. Must be below 87.85 for reversal. Key breakdown level is 87.36 then 87.00.
RIG – breakdown or reversals below 50.80.
