In the last two weeks, the sellers and buyers have found an equilibrium, neither has been able to do anything without any conviction.  Dips to $187 on the SPY are being bought, and rallies to $192 are being sold.  Currently, the IWM is holding up slightly better than the Nasdaq Composite and the Nasdaq 100.

$FB $GOOGL $MSFT $AMZN are some of the Nasdaq 100 names of interest for me if they can turn green on the day.  $CREE on any pullback that does not break yesterday’s low is also a stock of interest,  $SXCP, $WING $GLBL round out the list if and only IF they can get through yesterday’s high.

Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at or 646-480-7463.


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