There has been no follow-through to the Dow's opening 500 point gap down. That would normally be a bullish pattern with the market finding strong support early in the session. The charts sent out yesterday say otherwise, as each index reacted to touching their respective Fibonacci levels by gapping down, follow-through or not. WIth two hours still to go in today's session, anything is possible. The following stocks are close to triggering Short, so any weakness that takes out today's lows could generate the following Sell Signals: EEM, HYG, IWM, MGM, RCL, and a VXX Buy Two hours can also leave enough time for other stocks to join the above group. If the market weakens significantly between now and the close, stand-by for the possibility of new signals.
