Too Much Drama, Not Enough Juice

{+++}It was a back and forth day, Advance-declines were about 2 ½ to 1 positive on New York, but less than 3 to 2 positive on Nasdaq.   Up/down volume was 3 to 1 positive on New York on lighter total volume of just over 1 billion.  Nasdaq traded 2.15 billion and had an 8 to 1 positive volume ratio. Here is a look at the sectors.

WATCHLIST

SHORT

EOG-SHORT AT 65.48 NEW NAME  NO TRIGGER YET

UPL-SHORT AT 38.96 NEW NAME NO TRIGGER YET

CNX-SHORT AT 33 NEW NAME NO TRIGGER YET

KRE-SHORT AT 17.72 NEW NAME NO TRIGGER YET

RTH-SHORT  AT 75.50 NEW NAME NO TRIGGER YET

CMA-SHORT 19.63 NEW NAME NO TRIGGER YET

JLL-SHORT AT 30.48-NEW NAME -NO TRIGGER YET

IYR-SHORT AT 30.50-NEW NAME -NO TRIGGER YET

EXISTING POSITIONS

GILD- LONG AT 46  STOP AT 45.25 45.50

As you can see, we are primarily looking at shorts, we’ll turn the boat quickly if things change.




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