Long Focus:
VFC: Has held up during market weakness and yesterday moved higher on good volume to an important daily high of 97. This level is not the top of resistance but it is an inflection point and volume ramped up into it yesterday. The hourly chart is turning up so if it continues higher today I'd want to follow it. Key daily support levels are the high prior to yesterday, 96.47. The FTP is 96.29 which lines up with good intra-day high support so pay attention to that point.
- Trade OR breakouts above the FTP, 96.29, and best over 97.05 which is yesterday's high.
- Trade OR reversals above S1, 95.54. The level is in an area of a lot of intra-day consolidation.
Other Long Stocks of Interest:
VFC, CTXS, JNPR, ICE, WAT, ROSE, ARUN, GILD
Short Focus:
LVS: After 3 days of consolidation this one broke down yesterday. The low of the day was 41.87 and there is a daily low at 41.70 from 12/15 that we need to watch, but if LVS is in a free fall this level will not stop it. These make LVS a good candidate for selling strength or weakness. Key daily resistance levels on the daily chart are the prior days low starting at 42.76. Note the FTP pivot range high is 42.85 and the FTP is 42.62, both line up nicely with the prior low area.
- Trade OR breakdowns below S1, 43.36
- Trade OR reversals below S1, 41.36.
Other Shorts Stocks Of Interest:
LVS, GOOG, FCX, GES, CREE, CRM, GS, ILMN, X, EQIX, FFIV, AMZN
