Futures are off this morning on some early profit taking and weakness in Europe. The indices are over-extended and due a multi-day breather before we move higher. We are headed into op-ex tomorrow with some bearish divergence in the index charts so again, we can expect some chop chop ahead. But the good news is that the past 2 days have worked through a number of resistance levels and the way is mostly clear now to challenge the summer highs within the next couple of weeks. Market profits will be difficult to come by for swingers while things settle down, but they will return soon enough.
Other stocks to consider: (longs): ALVR, RIG, ACH (shorts): ATI
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