Long Focus:
The main basis for a long is a strong daily chart. A few have negative pivot stack (they are indicated with a “*”), but have potential if the market bounces.
WFMI: Broke out of a daily consolidation,but could not close above a key daily level of 59.60. There is good support in the consolidation area and the FTP at 58.99 is in good intraday support.
- Trade OR Breakouts over FTP, 58.99
Other Long Stocks Of Interest:
WFMI, CNX, CHK*, BRKS, COG, TPX, JAZZ, LULU*, JCP*, FSLR, ARUN*, OIH*, XLE*, NFLX
Short Focus:
There are a lot of stocks broken down. It is hard to find stock that are weak but not extended on the downside so we need to be very careful about selling weakness. This list is very much based on the resistance above the stock on the daily chart and poor relative performance yesterday. We will again focus on the market ETF’s for the short focus (SDS and QID)
Other Short Stocks of Interest:
V, PENN, MAN, UPS, RIMM, FWLT, MHS
