My bias is kinda neutral at the moment, with the SPY forming an inside day yesterday after it went no where. The trend is still up and this small down move is nothing but a pullback on the higher timeframe. I am in stand aside mode at the moment unless the market becomes clear as its not worth the risk. In times of uncertainty it is to do nothing.
Longs:
SBUX: A long with room to go. Price has to go above 31.00
Breakouts:
COST> 66.00 long.
LLTC < 31.00
MO< 24.50
KSS< 50.80
Shorts:
ABT: A sell short that is obvious with room to go.
UNH: Weak stock that formed a top the became range bound for about a month before it broke down on above average volume. Price also managed to close below the 50 SMA which further emphasises UNH's weakness
Thats it! Short list today is the market isn't obvious!
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