The market continued its low volume grind today but there was some good action being long financials, especially regional banks and short semis and ag names.


As evidenced by names like AA and BBT breakouts are still working, but as extended as we are failed breakouts are providing opportunities to flip and get short. GS for example tried to break out through its 20 day MA (173.82) failed and proceeded to roll over for $1. There are many more examples.

I continue to find many more breakout long alerts than anything else but, we are pretty extended here and this low volume and volatility can’t last. So stay nimble.

intu 35 long

dlb 60 long

rax 20 long

netl 31.5 long

swk 60 long

vlo 21 long

apc 75 long

cnq 80 long

hans 44 long

mtb 85 long

vmw 55 long

ice 105.09 reversal/support buy on 50 day MA

pot 114.23 reversal/support buy on 50 day MA