Another distribution day for the major markets which all sold off on accelerating volume. The NASDAQ held at gap support, but the rounded top foreshadows further downside to come. Gap closure, should provide short-term support on the NAZ. The S&P tried to bounce off of support but only managed a shallow intraday retracement before the bears took over the close.
I expect prices to find a short-term bottom tomorrow, after which we fall into the OPEX trade. So I will be looking at key support levels such as POT $105-106 for long entries in early trade tomorrow morning. If POT carves out a reversal stick in my spot, I then target 108-110 as a retracement trade. Don't force it, don't chase it, and don't try to catch a falling knife.
AMGN early strength on analyst upgrade with new target of $65. Also like the daily here as a defensive sector play on potential market weakness.
RIMM was a failed BO. I should have shorted the failure but I thought with earnings out 
CNQ gap turned into a fade - short the h pattern.
SOHU was a HCPG target trade.
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