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TJX broke under the 50 day and finished on it…but it was a sell as it hit stops…no blood on that one. We also sold ROST at the right time and made good cheese on DLTR before it topped. Seems some of these discounters could be done for now.

 

AMZN continues to kick…and if you havent noticed, we dont even consider selling. Until we see a break or until we see some extended climactic action, we hold.

 

EL did move above pivot. Wish there was volume…but still looks ok.

 

I am a little more leery on overall market here. Nothing is wrong…just that the world now turning bullish. That said:

 

Low risk entry in MON here as it moves out. Remember, right now, if pivot holds…good…if it tucks back into base…we are done. No reason to wait for breakdowns.

 

I have a few other names I am watching…may add back WFM and actually looking at FB as it moved back above 50 day. More in the morning.