Video: https://youtu.be/6lAiIO3lhqoYesterday we got our first significant down move in quite a while, with SPY down 1% and breaking the steep up trend. They key now is to watch for continuation or reversal. The down move is invalidated if the upside gap fills. While the market tanked, there was a group of stocks like FB and SQ that showed strength or put in hammers. We will keep an eye on these stocks if the market gives us a long reversal signal. UVXY is now 20% above our entry level. At this point stop is moved up to entry, so it either becomes a big win or break even trade.Stocks showing strength on Tuesday: SW, WTW, MDGL, WATT, FB, TWTR, BABA, BRZUFocus List: M, KSS, BKE, URBN, OLED, GWPH, NVDA, FB, TSLA, LABU, ERX, X, LN BIDU, FCX, XMetals/Commodities and Retail list (long or short): FCX, CENX, AA, ARCH, BTU, FCX, X, JNUG, NUGT, KALU, ANF, EXP, AEO, ROST, GPS, URBN, RACE, LULUCurrent Positions: RACE (short), LULU (short), UVXY, SQQQ
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