The market's decline has been steady and calm. For me this is bearish action. The Q's and IWM's are near their 200-day MA, and by a number of measures - RSI, McClellan, up/down volume, etc. we are near oversold levels, so there are reasons to anticipate a bounce. However, I like to see some evidence of strength or big capitulation before I anticipate a bounce.
Being down so steadily for so long, I'd prefer to sell strength, and limit trading on the long side to stocks that have good support on the daily chart.
~Long Focus~
GS
~Other Long Charts of Interest~
A
ILMN
VECO
TSLA
VHC
CF
POT
BBBY
OXY
COG
AET
UHS
UNH
GR
ORLY
GS
~Short Focus~
DO
~Other Short Charts of Interest~
AAPL
DO
ALTR
ATI
FLR
DECK
MGA
BIDU
LVS
ETN
CAT
NOC