For big picture, market rally for a long time and get extreme bullish ( most recent long term sell signal) on early March this year. Since then there is correction on RUT and NASDAQ while SPY/DJ maintain well. Overall market is stuck in the range for 6 months with no serious correction or able to move higher.
Today we see close to 300 selling, a lot of side-way pattern is broken. T2108 is in bounce zone while all breath indicator in bearish mode and have room to further down. As we are quit QE, this time it has higher possibility for serious correction. Now with primary indicator bearish, I should just sit with cash until it proves me wrong. If real correction is coming, stay focus for better opportunity.
[Anticipation List]
STRA CHUY PTRY LEAF FOLD SCLN ALNY LPSN DEPO HE ROST
Lots of b/d from yesterday Anticipation List
ANN CLUB GLMD LTM MANH MED MFRM VEEV
[Good Swing setups in last 5 days]
Go though the list in TC2000: c/c4>1.08 and v>100000
Or go through the list in finviz: Weekly 10%+ move with voloume>100K
(1) FNHC, need to be sold yesterday
(2) LMOS
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