The market is off to a crazy start with oil and small caps leading the way.

I’ve added one new position to the portfolio this morning and going to sit on my hands the rest of the day. I’ve got a long position in Alibaba (BABA) that I came into the week long with about 2% in gains, only to see those getting whacked today as other names like Walmart (WMT) and Amazon (AMZN) continue to drag it down. 

But there are a lot of good trade setups like DaVita (DVA) that are making a big move today as is the defense sector in names like Lockheed (LMT) and Northrop Grumman (NOC). 

I’ve got my position in Square (SQ) doing fabulous for me so far today, and hoping to hold on to that throughout this week for a nice bounce. 

Take a look at the bullish watch-list below: