Morning GAME PLAN and TELLS

ES/NQ are gapping up into 1st res levels ( refer to posted charts). The trading world is keying off of the IWM this morning. After getting back above the 200 with a high of 157.5 and the breaking below yesterday testing the 8 day with a low of 154.91 and further downside support is 154.11. Continued weakness could affect the whole market so I will be watching it closely. The XLF held 26.29 and with hearings today and earnings coming up – that price action will be a tell. FANG had its bounce.. AAPL topped out at 202.85 and is below yesterdays low pre- open of 199.23. Below there is good support around 195.30.

TELLS

IWM – mentioned up top

XLF – levels are 26.29 yl and 26.7 pivot high. 26.19 area is support and 27.10 is year high.

CL and XLE – Crude came into res ( refer to chart posted) but held up well. This morning the 10.30 number might be a mover. prior high 64.79 and support around 63.07. The XLE came off from its breakout with alow of 66.87. Pivot high is 68.25.

SMH- semis saw some selling. 110.56 needs to hold. There is an open gap below at 109.3.

XLK had in inside day. See if it makes a move today.

IBB – got sold. See if 1121.31 holds.

IYT – support 190.86

Stay flexible… still uptrend.. take profits

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