Buyers and Sellers Have Found Equilibrium

In the last two weeks, the sellers and buyers have found an equilibrium, neither has been able to do anything without any conviction.  Dips to $187 on the SPY are being bought, and rallies to $192 are being sold.  Currently, the IWM is holding up slightly better than the Nasdaq Composite and the Nasdaq 100.

$FB $GOOGL $MSFT $AMZN are some of the Nasdaq 100 names of interest for me if they can turn green on the day.  $CREE on any pullback that does not break yesterday's low is also a stock of interest,  $SXCP, $WING $GLBL round out the list if and only IF they can get through yesterday's high.

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 fzorrilla@zorcapital.com or 646-480-7463.

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