Market Comments:
The market was not down on huge volume yesterday, but it was a day where the bears were in control and many stocks closed well below the prior day's lows. This means that prior day low (Friday's) will not be a very important resistance level. For shorts - especially the market indexes. It will also make for a good day to fade gap ups.
For longs I'm focusing on stocks with positive stack or inside day's or very strong daily charts. There is a good chance that if the market rallies it will be led by the stocks that are beat up - not the strong ones so I'll watch out for that.
~Long Focus~
JOYG
SWN
PLCM
~Other Long Charts of Interest~
JOYG
PLCM
GLD
NTGR
SWN
AVB
CNI
TSLA
TIF
BHI
SUN
CF
VHC
Short Focus:
I may add some more specific stocks, but right now I'm going to focus on the indexes as shorts (SDS, FAZ, QID)
Stocks to look for a fade:
FST
CAM
FAZ
CVX
RIG
LVS
BIDU
