Monday, July 22, 2013

Quick Update

It's even probably still too early for opening indications with this morning's action, but ES continues to show a pretty decent inrtraday 1 min positive that was there in pre-market.

ES 1 min futures chart

There are some interesting stocks to watch this morning, I haven't made it through the entire watchlist, but MCP was interesting as we had half a position left over after half was closed last week.

Other interesting assets are XLF as it is breaking the range mentioned this weekend, IOC calls from Friday as they are up pretty well already, DDD is a bit suspenseful, but I think it will move toward opportunity, PCLN made the break above the $900 level which was a psychological magnet, volume was higher so it had the intended effect. Now does PCLN move toward $925 or is this it? I'll be watching for answers there. AAPL, for the potential position I mentioned last night, looks interesting.


Of course USO is always interesting, but especially now.

It's too soon to see what's going on with HYG, TLT seems to still have intraday support.


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