Speaking Technicals

Emini S&P still holding down the risk levels we are looking at near the monthly range projection lows. We are still looking for the upswing from here on homerun size.

Why? Well the bonds completed their 13 sequential and combo and is now back above risk levels. If anything, we now know that this is very good for mean reversion on the long side in stocks.

AAPL held the risk levels from the 13 sequential

Banking stocks (XLF) sitting right at the risk levels from the TD Sequential risk levels from the lows that we created in May.

I am covering some energy shorts today because we are creating the first DeMARK 9 buy setup on the downside. We timed this one perfectly.

CCJ sitting right at TDST and close to the 9 buy setup. I'm waiting to buy this near 20 if it holds over the next couple of days.

I think Bayer is back in the cards near 16.

CRWD update, still looks good here while its holding 145 but more tricky. Relative strength in this one over the last few weeks which begs the question: does it continue to outperform or catch up to the downside? I'm holding it long from the 150 area but will stop out at breakeven.

I'm looking to short the copper names on pops again, but will be covering the commodity theme today to lock in some short profits.

One troubling chart I'm keeping an eye on is the DAX and ow it failed the 13500 area. We need to see a close above this week with all of the market near DeMARK risk levels.

Updated QQQ chart