We have seen some decent deterioration underneath the surface, but to my surprise, I continue to find a lot of set ups. Whether or not these set-ups will work out is a different story, whether or not they will have any follow through is another story as well.
The major indices minus the NDX are trading below their respective 10,20, and 50-day moving averages. On the flip side, the liquid growth names FANG had a decent day yesterday suggesting that things are not that bad. Bottom line, the Bears are weak, and the bulls are weak.
BVX, FMSA, MOMO, AREX, WB, WLL, CTRL, ETSY, GUSH, MX, WPX, LN, NVRO, XLE, VMW, FSLR, COLL, AOSL, PXD, CHK, BRFS, TREE, NR, COTV, PAYC, COT, are the stocks of interest today if and only if they go through yesterday's high plus .10-cents, that should narrow the list.
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at email@example.com or 646-480-7463.
The information in this blog post represents my opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
Wednesday, October 19, 2016
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