Not many setups that I trust right now in either direction even w SPY pulling hard yesterday and more today in PM market has to provide more clues in order to gain some confidence. On a side note tho in the past weeks overall mkt looked tired and many long setup were lame or no follow thru so this pull was definitely expected, that being said going to watch some of the extended names for a short and also stick with some of the intra-day opportunities out there day in and day out
PRPO – any push towards 5 for a short looking for more unwind
NUE – maybe it’s time for a breath going to look for any failed follow thru vs 103 area
LEDS – pops against 10 for a short think this will slide way under 9
CLF – big rejection yesterday if will perk back towards 21.5 and will fail going to be interested for a short
Thank you, Emil!