Yesterday for the first time in a long time, the VIX and the TICK's moved in conjunction to confirm the down move in the SPY. The trend seems to have bended after yesterdays price action. However, we still remain in a strong bullish market. The 10 and 20 DMA are yet to cross over signaling just how strong this move really is. I will be open minded today to the direction that the market paints. I will wait for the opening range to form before making any decisions, I want to see how the markets will react after yesterdays sell off.
Longs:
SLB
XOM
UNH
ADBE
CIEN
Short:
KGC
GG
KSS
ABX
AUY
M
MWW
Breakouts:
CHK>28.00
AVP<28.35
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