10 Day Chart Updated

Lets pull up the same, 10 day, chart from yesterday of the S&P 500:

As you can see now, we are struggling with the recent high made at the end of September, above this level and things can get really interesting for the bulls.

Developing…

Looks like $YHOO may have hit bottom, the 200 day is my short term target. The chart looks just like $GOOG did a few weeks back.

Looking at the 10 chart of the S&P 500, if we fall below today’s low, the next target will be 1,125, which would fill the gap from Sept. 24th.

Below that level and things can get dangerous. As of now, it’s just a healthy pullback. Although, I did add another block of VXX this am, and will do so one more time if we fall below 1,125.

I bought MGM @ $11.40. Watch for a breakout above the 200 day @ 11.54:

I bought PBR this morning, watch for an imminent breakout:

I bought CGA:

Provided we still see strength in the market, here are my stocks to watch:

ALY, ARCL, BAC, BKCC, BPOP, CBAK,  CERS, CFSG, CGA,  CNXT, COCO, COST, CRBC, CRZO, DGW,  DRYS, DVR, ENER, ERII, EXAR, EXK, F, FBC, FCEL, FEED, FORM, FQUI, GKK, GOOG, HBAN, LCC, LINC, LOPE, MGM, MLNX, MSTR, OWW, PBR, PCX, PLM, PMI, PWRD, PZG, RAX, RDWR, RIMM, SIMG, SRZ, THQI, TIE, TSTC, USTI, VISN, WFT, WH, XIDE, YHOO, ZGK

Provided the market breaks down this week, just take a look at VXX (it’s going to be a VXX halloween). Fly has has a great short screen in The PPT, called MOMO Shorts.

• Pre-Market Movers
• Notable Calls

We start to see signs of life in the financials? No one spoke much about $C on Friday, but the stock had a pretty significant breakout:

How about a little $BAC? I would love to buy a move above the 50 day moving average:

$HBAN looks very similiar. Watch for a “BTFO” move above the 50 day:

And, just so you know, I am still BPOP’n ovah here.