It is possible QQQ is just testing the upper trendline. Not a breakout everyone is calling for. Keep it on watch.
IWM losing the 13 EMA, bearish sign. Traded in the wedge for a while, but looking to retest lower trendline. Target $133.
Home builders are weak. BZH PHM TOL KBH all down considerably Friday. Short the ETF to get them all. Upper trendline safe short spot, break below 34 and there is a solid move down to 33.47 and below. Playing via puts.
USD/JPY into the .618 fib retracement from Jun15 highs to Oct16 lows. Should be good for a pullback here to 114. Would like to see lower.
IYT putting in a doji here on the daily. Look for a pullback to ~165
Staying in channel. RSI way oversold should be good for a bounce to 120+. Pending Fed of course.
$TSLA losing trend line. Nasdaq super weak
Short back to 211
