The Wrap 8/8/12 and 3 New Names

{+++}

We find ourselves on day 3 of a sideways move in the S&P. So far it looks healthy and may just be digesting overbought conditions. If it does decide to take another leg up, look for 1415-1425 as the next probable target.

There really isn’t any great news out there, but its the summer doldrums, volume is thin, and it is pretty easy for the quants to paint the tape. But ours is not t reason why, but to trade it.

I took some profits on some of the P&L names today and two of the stocks from last night triggered, TIF & CELG.

3 new long set ups tonight, please see the P&L for entries and stops

ATI 

SEE

TIE

Good luck tomorrow and I’ll see you on the chat room tomorrow