hmm, i am a little surprise today at the lack of volume and follow through today in the markets considering the blast up we experienced yesterday. maybe it will come tomorrow/friday. at any rate, it doesn't say much for the bulls. that's why the watchlist i am presenting tonight is dominated by short candidates. big surprise, right?
AAPL - watch to make sure how AAPL opens up and behaves relative the red highlighted resistance line and the thin blue uptrend line... also notice the decreasing volume.
ATHR has fallen below the blue highlighted trend line and has retraced to its underside.
NVDA - the red box here highlights the candle and volume from wednesday march 14 when we saw such strength and volume in overall market. the volume here isn't so bad, and the price action is horrible. NVDA is now trading under its 200-day moving average.
NYX - this stock is no stranger to us... again pay attention to the red box highlighting wednesday's and thursday's action - not so hot compared to the rest of the market...
and finally i am going to present 3 charts of railroad stocks. they too are were lame relative to the overall markets. they have enjoyed a nice run up over the last many months so maybe it's time they give back some of those gains.
BNI
CSX
UNP
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