Market Comments:
All market watch charts are looking to gap down to the their significant daily swing low levels made last week. This sets them up to open in an area where the market could either break very hard to the down side or put in a spike low. The 5-min OR will be critical today. The IWM has the weakest daily chart vis-à-vis the 50-day MA and the reverse ETF for this is the TWM so I’ll be looking at it for short exposure. Additionally, the TLT’s are still in a strong daily position with good stack and slop. They are fighting a down sloped 200-MA but momentum to the upside can certainly be traded on the long side.
~Short Focus~
LVS
~Other Short Charts of Interest~
WHR
MOS
LVS
CAM
FLR
AAPL
GOOG
~Long Focus~
OVTI(F)
CTXS
~Other Long Charts of Interest~
R
NTAP
SMH
FOSL
CTXS
HUM
VECO
MRX
FRX
TIF
AET
IBM
KSU
COF
ADI
CERN
WAT
VRSN
FTNT
SLV
GLD
CRM
NFLX
LO
ALTR
WTW
