The bulls are finally showing some indecision about where they want this market to go. It doesn’t mean that the current run is over (hopefully it is), but it does mean that the bulls are thinking twice about how much more capital they want to commit to this market, and how much longer they want their profits to run for. With that said, Asian markets were down about 1% to 1.5% , while European markets are currently trading flat with a slight negative bias. In the States, we currently have the Dow, S&P and NASDAQ futures all trading slightly in the red.

As for the setups here they are…

Long Setups: DPZ, KNOL, MEA, NSH, SYMM, VIT, HOGS

Short Setups: AXE, CTB, JNJ, SL, SLIM

HAPPY TRADING!

You Might Like

  • Stop Trying to Hit Home Runs: Start Trading Within Your Means

  • How to Trade Breakouts Without Getting Trapped

  • Managing Headline Risk: How to Survive the News Cycle Without Losing Your Mind