Flat day for SPY but it is not telling the whole story. Small cap, biotech, financials all dragging lower, along with awful price action in majority stocks.
SPY printing out s small bear flag. Needs a close over 8 EMA for any bounce action. Again slim pickings as far as daily chart setups. Keep an eye on intra day runners. Stocks like XPO, ADIL, QD offering nice range for day trades.
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[caption id="attachment_53053" align="aligncenter" width="800"]
GOOS This might test 200 MA. Short watch on a green to red type move.[/caption][caption id="attachment_53054" align="aligncenter" width="800"]
LABD Weak action in biotech. Keeping an eye on this biotech short ETF.[/caption][caption id="attachment_53058" align="aligncenter" width="800"]
TZA Small cap remains weak. Keeping an eye on this small cap short ETF.[/caption][caption id="attachment_53055" align="aligncenter" width="800"]
NTEC Watching over 8 for a pop.[/caption][caption id="attachment_53056" align="aligncenter" width="800"]
NVDA If market breaks down again, this will be our go-to short.[/caption][caption id="attachment_53057" align="aligncenter" width="800"]
REZI Range breakout watch over 22.30.[/caption]
