The Retest. Gameplan for Stocks and Energy.

Please check yesterday's S&P Future Update Here

Bear market rally? We bottomed? Range Bound? These are questions that have no objective answer because we need to see how we will react to bottoming tests.

AAPL for example will complete the 13 as long as its below 145 (bar 8). What I am looking for there is a reaction to the upside after completion.

Same exact idea with GOOGL. The FANGs are telling you if you get a retst, the DeMARK 13 countdowns will complete and we will be fully bullish

With combos on XOM and XLE completing on the weekly and 13 sequentials kicking the week off with obviously bullish news, this is a sure sign of a top coming up in energy to me. We are at peak sentiment and the fundamentally sound trade is not to press for anymore upside pain to me. I am legging into medium dated puts on Energy names.

The gameplan today is very simple, wait and pick the good spots. Typically after this kind of bottoming consolidation and major market move lower, its very natural for the market to retest lows.

I'm taking profits on the BAYRY idea

Also reducing CCJ from the support zone we talked about

CVEO same deal

Crowdstrike at the top of my list for getting in near 150 with a stop at 130

QQQ looks like this is a medium term low to me and I am buying the 290 retest

Micron I am still holding.