Nothing material has changed about the market. Rallies are still getting faded and big drops seem to get lightly rallied. Lot of reversals happening in the market on a daily basis which makes it hard to swingtrade.
Watchlist from this week is still pretty much valid. Keep tight stops.
If we gap up today and the rally starts to fade. Keep an eye on $aig
It was rejected by its 50dma yesterday. I will watch it for a low vol bounce towards it today. If the rally starts to fade. I will unload a short in the 27.6-28 area with stop right above.
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