Market Comments:
Based on closes below the 3 day pivot low and then 10-20-50 Daily MA's, the markets are the weakest they have been since the lows in mid March. This means that if the markets trade below the OR and especially below the prior day's low, I will be very cautious with longs. If markets rally, I'll be wary of the choppy action we've been experiencing. In short, this is a tough environment keep risk low.
Long Focus:
APC
FCS
Other Long Charts of Interest:
TYC, BIDU, SLW, CLF, LULU, CRM, A, MMR, APC, APA, WLL, XEC, HUM, JOYG, SOHU, FCX, AMZN, ALTR
Short Focus:
There are more short set ups showing up. SO this lis is likely to grow and be more worthy of focus unless the market blasts off to the upside.
GD:
GOOG:
Other Short Charts of Interest:
AAPL, APH, FFIV, RIG, RCL, CCL, X, SYNA, COH, NTAP
