Markets are gapping higher and well over the daily consolidation. This comes after two very strong days and all of which has been fueled in a large part by the expectation that Greece would pass an austerity plan. As of right now it seems as though the plan has passed.
So the news is out. This gap could go either way, but I would now look for support on dips.
There are so many stocks that look good on the long side, but many have already had moves I would not want to chase. The long list generally has stocks that have either only just broken a key daily resistance level and therefore good candidates for another good breakout day or an OR reversal. Ort they are stocks that have good consolidation so if they breakout they could run nicely.
The shorts are weak stocks that generally could be sold high or lower, but I would not be eager to short a strong market.
One last point - THE SMH has really under performed. If it rolls over this would be a sign that the market could get weak.
~Long Focus~
CE
CRM
BEAV
RHT
JCP
~Other Long Charts of Interest~
CERN
BIIB
AMZN
PLCM
ACOR
TSLA
COG
DISH
HLF
NFLX
OVTI
TIF
VHC
GR
UNH
ILMN
IBM
AMGN
~Short Focus~
I don't have a favorite
~Other Short Charts Of Interest~
WBMD
GS
SWN
WSM
WAG
CHD
UHS
SNDK