SPY: I like where we are here…sitting right on the 10sma…which held up yesterday as support. Market is on the sensitive side right now but my bias is bullish for today over that 10sma 177+ target. That being said, I am ready to play the other side too…if we filter under that 10sma and stay weak then 174 not out of question, especially if we con’t the heavy selling from power hour yesterday.
JCP: Beaten down badly last few months but I am watching this one close for a break up and potentially squeeze some shorts and put in a nice green candle. Thinking 8+ target if we do end up getting that break higher. Key 7.30s-7.40 & the 20sma support zone, below that and all bets are off long and we could even see a 7 test or even lower in my opinion.
GRPN: Nice hammer on Tuesday and nice hold at that support yesterday… Like GRPN off that $9 support area for a nice day trade today and even a potential swing trade. If we are strong today in the overall markets I will be in this one with a target of 9.75ish.
FSLR beat earnings so watch solars today RSOL, JASO, SPWR, etc.
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