Video blog looking at setups in the S&P 500 (SPY), Russell 2000 (IWM), Apple (NASDAQ: AAPL), Alcoa (NYSE: AA), Delta Airlines (NYSE: DAL), Wells Fargo (NYSE: WFC), Bank of America (NYSE: BAC), Coca-Cola Co (NYSE: KO), BlackBerry Ltd (NASDAQ: BBRY), and Twitter (NYSE: TWTR). A few additional points: these are ideas and tendencies based on current market structure. There are a number of key economic releases scheduled tomorrow (US GDP and the FOMC Announcement) that could be significant catalysts for this complacent summer market. Know your risk and manage your risk.
(Note: In editing the video for brevity, I removed comments about GDP, FOMC, and TWTR from the clip and moved them to the comments above. The point about TWTR earnings probably should have been left in the clip: after a positive result and a large gap up, the bigger picture chart context is not automatically invalid. Price action on the first day following earnings is critical–watch the direction off the regular session open print.)