~Market Comments~
Yesterday's action - gap down and no reaction, leaves me with no real conviction of which way the market will go. It's best to trade without a strong bias if you don't have one. So that is my position. The 60 min direction is down, but extended. The daily direction is down but into support. Key daily support level have been broken, but longer term daily trends (stack and slope of the 50 and 200 MA's) is still positive.
Net it all out and I feel I need to be very careful about chasing momentum in either direction.
The expected gap open will challenge the prior day's highs so this will be come a very key reference point for both finding shorts against it, and longs that hold above it.
~Long Focus~
OVTI(F)
CTXS
CF
~Other Long Charts of Interest~
R
HUM
AET
VECO
MRX
FRX
KSU
COF
ADI
CERN
WAT
VRSN
CRM
LO
WTW
AMZN
~Short Focus~
LVS
~Other Short Charts of Interest~
WHR
MOS
LVS
CAM
FLR
GOOG
GS
GD
FCX
VAR
