Earnings have created a few noteworthy gaps that the market will deal with on the open. CSCO gapping down big and WFMI gapping up big.
Long Focus
KSU: Good performance yesterday and has bullish flag pattern on daily
- Trade OR Breakouts over FTP, 51.56
- Trade OR Reversals over S1,51.13
CCJ: Good performance yesterday and has bullish flag pattern on daily
- Trade OR Breakouts over FTP, 42.14
- Trade OR Reversals over S1, 41.58
Other interesting long charts: WFMI, BIDU, NOC, PNC, WLP, UNP, TRN, MCP, SU, MCD
Short Focus
FCX: Daily chart may be breaking down
- Trade OR breakdowns below FTP, 54.32
- Trade OR Reversals below R1, 55.19
APA: Daily chart may be breaking down
- Trade OR breakdowns below FTP, 116.41
- Trade OR Reversals below R1, 117.36
CTXS: Daily is starting to roll over
- Trade OR breakdowns below FTP, 65.25
- Trade OR Reversals below R1, 65.67
Other potentially interesting short charts: PVH, TEN, JRCC, AMGN, CTRP
