Monday Preview

{+++}Futures are flat right now, no real movement all.  Most of the stocks and setups that I have been watching over the last few days are showing signs of deterioration. Friday showed horrible action, but it could have been just the quadruple witching effect on things. One thing is certain, momentum has definitely taken a break here. How long it will last is anyone’s guess.

Two groups that I will be watching are the financials and the semiconductors. Two groups that are showing relative strength.

I’m seeing a lot of bearishness out there, even though the market is down only nominally from the highs. which tells me we probably go up again.

Two semiconductor related stocks that look decent are $QUIK and $NVDA

I’ll have more tomorrow after the hangover from Friday’s action settles.



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