Another weak opening for the market with futures struggling similar to yesterday’s pre-market action. Right now the Dow Futures is down 68 points, Nasdaq down 11, and S&P down 8. Overnight Asian markets were mixed but on average down about 0.4%, and European markets are trading down about 1% currently. No economic reports to watch for today, but the Dell earnings report is definitely not helping matters at all.
A few days of selling doesn’t seem to have any one panicking, and at some point in the near future I’m guessing the bulls are going to pick it up at some point, in order to take advantage of this rare sell-off.
Here are Today’s Trade Setups…
Bullish Candle Setups: None
Bearish Candle Setups: SEP, ALV, PRGN, ITWO
Stocks Ready to Bounce: ESE, IGD
Stocks Ready to Pullback: LLY, BKS
Breakout Stocks: TU, KG
Breakdown Stocks: VIVO, HELE, MUR, EWJ, MR