The focus of the market continues to be the dollar. UUP touched the 50 day bounced off and the market sold off, when it topped out at Fridays high (22.70) the market rallied back. I said yesterday that we will need to keep an eye on the 50 day MA’s to see if they act like a lid on the ETF’s SPY (h.o.d.105.41 50 day 105.43) QQQQ (h.o.d.41.57 50 day 41.74).

Keep the following levels on you radar.
UUP 22.70 (today and Fridays high) 22.80 (50 day) & 22.54 (20 day and today’s low)
SPY 103 (effectively today’s low) & SPY 102 (the most recent October low)

The IWM moving averages have not crossed yet, but two more good down days and it will.

The only other thing I would add is that I was surprised by the big bars of volume that I saw in some of the ETF’s. For a pre fed Monday there was some paper being moved.

Not much in the way of stock levels for you tonight but momentum sells are still working look at the following from today.

c 4
x 34
iwm 56

The following may be actionable tomorrow. The market is pretty oversold at this point so keep tight stops and don't over stay them if they do work.

ESI 90 short on education weakness.
ALXN 43 short.
And CLI 30 short on weakness in the IYR.