$SPY dropped nicely, but dip buyers came in to save the day for now. I noticed that there are some heay names that are not doing as well as they were about three days ago, and that worries me. I am not worried about the long run, I am worried about the short term, which matters the most for us day traders.
The $SPY for the day just broke the 140.54 2nd target that I had this morning., and as long as it can stay above the 140.45 (Pivot point) it should be good. Under that level and I will be looking at some shorts.
Her are some of my favourites,
$CAT under 87.24
$FCX under 35.72
$NUE under 40.61
$PXD under 100.85
$NFLX under 57.80
$SCCO under 33.45
$VALE under 18.69
$X under 23.13
May you all have a good continuation of your day.
