On The Radar

Unfortunately, today didn't help to resolve much of anything for the S&P...

I'm expecting a bounce here for the dollar, as prices found support at the 5 dma late in the session. Here's how the UUP looks on the 30 day, 30 minute chart...

Besides dollar strength and oil weakness working against the bulls recently, the market is going to have to fight another headwind if the banks break down and begin another leg lower here...


Just in case the market decides to once again test the top of the range, here are a few breakout candidates...

WBD

MXIM


RHT


Additionally, FLS is looking toppy and may present a good short opportunity...

Click Any Chart To Enlarge

Stay nimble and be ready to react.