Longs: TJX, KSS (47.85)
Breakouts: x>29.00, CHK>24.00 (HBO), CDE>26.00 (HBO), NEM>63.00,HON>56.00,UNH>51.75 (HBO), BA>74.75, VIAB<45.35, QCOM>55.75, TRV<58.85,
Shorts: POT (SAT@44.00 & 50 SMA), ESRX (47.25).
Notes:
VIX@23.00
USD premarket is up for the day with the EUR/USD selling off
Commodities and energy were strongest yesterday followed by the financials. The retail sector was weakest with consumor staples and discretionary selling off. SMH and tech in general was convincing yesterday with a sell off likely today.
Sentiment for the day is choppy/bearish. Any breakouts will be traded with extreme caution.
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