The Q's are the only one of the four market watch that closed over the prior high, DIA broke it marginally but closed lower and the SPY and IWM had an inside day high in the prior day's range. One day is probably not enough consolidation for a great move higher but if markets are strong today I'd follow them up. Look for resistance at the 5/31 highs.
If the markets get weak look for support at yesterday's low and last THURSDAY's highs. This is true of individual stocks too.
These conditions are ripe for solid OR breakouts and OR reversals on the long side. I'd be more inclined to look for OR Reversals for shorts than OR breakdowns.
Keep a close watch on the SMH and XLF which have yet to take out their 50-day and 200-day MA's respectively.
~Long Focus~
VMW
ILMN
BIIB
VHC
~Other Long Charts of Interest~
UNH
AET
AMZN
PLCM
NFLX
VHC
POT
CRM
CPO
COO
RHT
HAL
TSLA
~Short Focus~
MTL
SMG
~Other Short Charts Of Interest
WSM
CREE
LRCX
MHS
ESRX
GS
