The market finally showed a little volatility today, the SP500 broke its 2-week range to the downside. I believe that breadth gave us a heads up that the recent range was going to resolve itself to the downside; 1-month and 3-month lows were expanding, the advance-decline was also showing less participation, you can see the charts here–> Jul. 28 at 08:24 PM and here Jul. 28 at 08:16 PM.
Here is a possible roadmap for the SP500, H/T AlphaTrends
Underneath the surface, we still have some decent swing ideas that if the market cooperates they should do well. $MTW $ NTES $HLX $WBMD $AYI $YY $SGYP $MSM $CVGW are some of the stocks of interest on the long side if they are able to break through today’s high.