The Markets are dropping (Nothing you didn't know already). The SPY ha broken 206, 204 and 202 support lines.
THE QQQ and DIA are holding up a little better. The IWM which has been lagging the other 3 for most of this uptrend is teetering on dropping again.
With the choppiness of the current markets I am looking to put on more bearish than bullish trade. Be nimble and keep risk in check. I always use a bull abs bear list because you never know when you need to make a quick change (At Least in the short term).
Bull List:
HD,ISRG,UNH,AGN,CVS,HUM,AET,FFIV,WLP,UPS
Bear List: PCLN,GOOG,CAT,NFLX,AMZX,TSLA,XOM,MCD,EOR,PBYI,WMT,IMB,WYNN,CMI,PXD,KSU,NCS,CVX
I hope to see you Thursday for our coaching session @ 7 pm EST