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
DO - Energy has lagged and this and nice consolidation to break out from. Reversal or breakout over Tuesday's low.
ESRX - It had a very strong day and closed on the highs. I rarely runs up 2 days in a row so I'll look for a reversal.
Shorts:
The action in the market watch on Tuesday leaves me feeling like the shorts may have the advantage until we get the employment data on Friday. I don't expect a big market sell-off but selling of strength and select OR breakdowns are easier patterns to find for Wednesday.
I would look for breakdowns or reversals in all of these:
ALTR
ARUN
MPC
BIDU
NOV
CAT
GDI
CMI
AAPL - Still in a bull phase and sitting on the 50 DMA makes this risky but if the market is weak and this breaks is could be a very nice move down
