Long Focus:
CI: Is flagging nicely on daily and hourly. Key levels to break on the upside are yesterday’s high, 43.67 and R1 43.75. Because it has rallied right up to resistance, I’d be very careful about buying weakness but with a good pattern above 43.00 which is the area of yesterday’s low,42.95 and S1,43.04, I’d consider an OR reversal.
- Trade OR Breakouts over prior high, 43.67 as per comments above.
- Trade OR reversals (carefully) above 43.00 as per comments above.
Other Long Stocks of Interest:
LRCX, WAT, CTXS, GILD, CAT, RIG, YOKU, VFC, CTXS, MMM, CNQ
Short Focus:
AMZN: Is very weak relative to the market with respect to daily trends and it had an inside day an negatively stacked pivot pattern on an up day in the markets yesterday. Key support levels are yesterday's low of 166.72 and the low of the outside day, 166.24.
- Trade OR breakdowns below, FTP, 167.78, and preferably below yesterday's low, 166.72.
- Trade OR Reversals below 168.83
BIDU: Has a potentially bearish flag on teh daily back up to the 20 period MA. It's inside day and negative pivot stack make it an interesting short candidate, but I'd like to see it below the inside day low to be short.
- Trade OR breakdowns below prior day's low, 118.25
Other Shorts Stocks Of Interest:
LVS, GOOG, FCX, GES, CREE, CRM, GS, ILMN, X, EQIX, FFIV
