SPY rejected at the resistance and back to middle of the range. Range bound action so far, buy support, sell resistance, China news, tweet , alogo's will determine market direction in coming days. Although action in small caps, IWM remain worrisome as it rejected 50 MA and has a look of potential bear flag. Small cap index was the canary bird in last correction as it was the first one to crack and the rest followed. Watch list contains both long and short ideas . Be nimble if there is a choppy range bound market. Here is my stock watch list for tomorrow:
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ZBRA Breaking down below strong support and 200 MA. Short watch, ideally on green to red type of move at open.
VSLR Flagging after a big run. Watching over 6.60.
SY Recent IPO. Watching over 16.60 for a dead cat bounce.
SOXS Semi Conductor short ETF. Range breakout watch over 6.30.
TVIX Holding support. Keeping an eye if market continues to weaken.
MRTX Watching over 76.60 for a run to 80.
KL Strong gold stock. If market continues to weaken, this should be in play.