Longs: QCOM (SAT@53.25 & 200 DMA), SWN (SAT & 50 DMA), NEM (SAT@54.80), XOM (SAT@78.80), GG (SAT@200)
Breakouts: WAG<38.50, JPM<39.00, HON<52.00 (HBO), COST<77.00, COF<47.00 (HBO), ALTR<40.00
Shorts: NVDA (SAT@14.50)
Notes:
SPY is barely holding the 200 DMA which is one of the last lines of defence for the bulls. Should the level crack, I expect the bears to step up and send the market lower.
Not many setups after yesterdays open higher and sell off. Most of my charts are messed up. However, I am mostly bearish, I will wait for my break downs to form before tipping my hand in this market.
At the time of this writing gold made a new recort high of $ 1634.68.
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