The market indexes are set up to gap lower and below the prior day's low. This sets up two patterns to to watch out for. For the long stocks, look for those that do not go below the prior day's low. For the shorts, look for a retracement back up to the prior day low that rolls over.
I'd prefer to short strength than sell weakness. I could make a case that the market is oversold, but I don't think its very oversold, and markets are often hit hardest from oversold areas. So I'm ready for either direction today.
~Long Focus~
VHC
SWN
PLCM
~Other Long Charts of Interest~
VHC
CELG
SUN
PTEN
NTGR
AVB
CNI
SWN
TIF
WPI
PLCM
NFLX
BHI
AMZN
HLF
~Short Focus~
I'll be very careful about selling weakness.
WYNN
RIG
~Other Short Charts of Interest~
FST
FAZ
CVX
RIG
LVS
BIDU
ETN
WYNN
DVN
DECK
CAT
PNC
MGA
