The markets bounced yesterday, but were it not for the six down days leading up to it we would probably be describing yesterday as consolidation rather than a rally. Q's and IWM's did not even break the prior day's high.
The result is that we've had a day of rest in the midst of a strong move lower. I'll measure the extent of consolidation by looking to the 60 minute time frame and if there is good consolidation or retracements - selling weakness is ok again. I'll also be open to buying weakness if there is a 60 minute base. And of course selling strength and buying solid breakouts will work too.
So anything goes from here, but the market is not "set up" so no real conviction and maximum attention to risk!
~Long Focus~
WPI
ILMN
A
AET
~Other Long Charts of Interest~
A
AMZN
IBM
WPI
ILMN
VHC
PLCM
VMW
CF
BBBY
OXY
AET
UNH
~Short Focus~
AAPL
~Other Short Charts of Interest~
DECK
MGA
PNC
BIDU
LVS
ETN
CAT
NOC
DO
HOC
CAM