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Begin part 2 of 3

NOTE: PART 2 PRECEDES PART 1 THIS EVENING. VIDEO MARKET SUMMARY IS AVAILABLE AT THE FOLLOWING LINK:

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Upside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAPL 07/08 Rolling 165.29 -2.91 138.55 149.91 17M 23M 162.92
Current. Surged intraday but rolled back with higher volume to close below the 18 day EMA (165.92). Key level to hold here for any option positions and that may be hard to do the worst month of the year begins.

AAPL 04/15 Test 20 165.29 -2.91 119.69 132.77 17M 25M 162.92
Current.

AKS 07/23 Test 18 19.55 -0.77 19.65 23.55 9.8M 12M 19.11
Current. Pretty big move up intraday but rolled back with volume as the dollar rallied hard. Key level to hold here at the 50 day EMA (19.20) to keep the uptrend in good shape. Holding for now so we are going to see if it can work higher on Wednesday.

AKS 07/13 Test 50 19.55 -0.77 17.24 20.58 9.8M 12M 19.11
Current.

ANSS 08/22 Pennant 34.59 -0.55 36.20 41.95 442K 775K 34.58
Current. Tried for gains intraday but faded back to close negative on the day. Not looking very strong here at all at the next support will be at the gap up level and June peak just under 34. Would really like to see it turn here.

ARO 08/31 Flag 38.28 -0.87 39.48 45.95 3.1M 4M 37.94
Buy Not Issued. Stepped lower with rising volume so we were not going to move in, but just going to be patient as it is still testing. Found support at the July peak and the 18 day EMA (38.17) at the bottom of this flag pattern so this is where we are looking for it to bounce from. May be against the current if it tries for upside on Wednesday, but we will see if it is a strong swimmer.

ASF 08/24 DB hdl 23.42 -0.72 24.60 29.88 275K 300K 23.72
Exited. Gapped a bit and tried to recover intraday so we cut the cord as it started to roll lower on volume. Breaking a key level with the move down so we are going to have to wait for it set back up.

BABY 08/19 Pennant 14.01 -0.24 14.03 16.92 170K 335K 13.77
Short step lower after reversing an intraday move up to the 10 day EMA (14.33). Would have liked it to hold the 18 day EMA as it did Monday, but with the pullback very tidy still we are going to see if it can hold and bounce at this level.

BBBB 08/19 Flag 34.02 -0.39 36.04 41.75 181K 425K 34.89
Current. Skipped a bit lower, rallied intraday, and then rolled lower to close. Holding some support levels over the April peak though so we are going to see if it can bounce here.

BEN 06/25 Test 50 90.50 -2.83 71.80 79.95 1.5M 3.4M 90.42
Current. Higher volume as BEN thumped down to the August lows as support. This is a key level to hold here over the 90 dollar mark and it needs keep holding on Wednesday or we may cut it loose.

BHP 08/10 Flag 61.43 -0.87 63.48 72.94 5.1M 7M 62.21
Current. Typical move with the intraday move higher that rolled back to close negative. Not helped at all here by the strengthening dollar but holding in the thick of the August trading range for now. There is support at 60 but we don't want to see a move down to that level before it turns.

BIDU 07/29 Flag 318.76 -11.30 355.11 388.45 2.4M 2.5M 335.88
Current. Scooped lower after reversing the intraday move higher on volume. We were looking for the reversal off the 50 day EMA (322.40) like we saw earlier in the month but that did not happen with September proving to be its typical self. Now we need the prior August low and the June peak to hold as support.

BIDU 07/08 Test 50 318.76 -11.30 281.68 307.85 2.4M 2.5M 346.88
Current.

BIG 08/03 Flag 24.92 -0.50 23.64 27.95 1.6M 3M 24.89
Current. Fell back from some intraday gains but still a low volume move down to hold support at the 10 day EMA (24.92) and prior August peak. Still a fairly orderly pullback, though a bit volatile Tuesday, and at a good level to hold as support Wednesday.

BLKB 08/19 Flag 18.94 -0.31 19.60 22.94 198K 240K 18.49
Current. Step lower to a doji that banged around both ways intraday before slipping a bit below the 18 day EMA (19.07) at the close. Not too worried that the moving average did not hold with the short up trendline from August looking to play as support. Looking for a bounce off this doji on Wednesday.

BOOM 08/26 Flat 15.66 -0.53 16.56 21.95 208K 450K 15.40
Buy Not Issued. Going to drop this one as it pulled back again. Still a pretty orderly move down but it is breaking below the key support at the August lows so we are not going to trust it.

BUCY 08/04 DB hdl 28.97 -0.88 31.68 37.94 2.1M 3.4M 31.03
Exited. Skipped higher intraday and we exited as it started to roll back on volume. Looking pretty weak here so we are going to see if it can set back up, but from a safe distance.

BWLD 07/16 Trnd Rv 40.25 -0.94 34.19 41.95 516K 925K 39.77
Current. Moved higher intraday but cooled off after getting to that level and it rolled back to close negative. Holding at the 10 day EMA (40.20) and early August peak so this is the first wave of support we are looking to keep coming into play.

CEDC 08/12 Flag 30.75 -1.45 32.15 39.55 931K 1.2M 29.78
Current. Bumped lower but volume faded back a bit so we are giving it a little more time. Holding the uptrend still though so we are going to look for it to turn a little higher from here.

CELG 08/29 Test BO 50.97 -1.20 53.48 64.95 3.8M 5M 51.11
Buy Not Hit. Gapped down a bit and then surged much higher before selling off on volume to close negative. Very weak action so we are dropping it.

CMG 08/29 Test 50 81.22 -2.66 86.68 99.85 644K 700K 82.92
Buy Not Hit. Gapped lower and then rolled back from an intraday surge higher so we are dropping it.

COP 08/29 Pennant 44.15 -0.88 45.96 55.95 15M 17M 43.89
Buy Not Hit. Wiped lower on volume to close below key support at the 200 day SMA (44.34). We do not have any stake in this one yet so we are going to see if it can recover with a bit of upside here as the 50 day EMA (43.75) is still holding as support.

CRY 08/29 Flag 7.44 -0.01 7.66 9.91 456K 500K 7.12
Buy Not Issued. Closed well off the intraday high and volume picked up some, though it is still below average. Holding light support at the 10 day EMA (7.39) at the bottom of the flag pattern though so we are going to see if it can manage the bounce still.

CRZO 07/23 Test 50 18.89 -0.44 20.56 24.97 728K 1M 20.11
Exited. Gapped a bit lower and then failed at the 50 day EMA (19.64) as resistance so we gave this one the axe. Giving it a bit of time to cool down and set back up now.

DRIV 08/05 Rolling 34.04 -1.28 35.77 40.91 767K 640K 33.78
Exited. Jumped lower on volume to give up the 18 day EMA (35.09) as light support. Moved out of it as it was a higher volume move lower. Held the July and August low as support but we are going to see if it holds here from a safe distance.

EQR 08/14 Flag 26.12 -1.19 27.39 34.87 6M 6.5M 25.91
Current. Higher volume slide lower to close as key support from the mid August low. We are leaving it with this level holding, but it needs to keep doing so on Wednesday.

ESRX 08/06 Test 50 71.71 -0.51 67.39 74.95 2.3M 3.5M 69.91
Current. Very short step lower after giving up the intraday gains, but holding light support at the 10 day EMA (71.39) and solid support at the July peak. Key level to hold here so we are going to see if it can bounce on Wednesday.

FLIR 08/25 Asc Tri 22.58 -0.44 23.31 27.45 2.5M 2.6M 22.24
Buy Not Issued. Knifed lower with volume but holding at key support at the 50 day EMA (22.50). Still in the uptrend, but this was quite a quick move down to the bottom of it. Key support to hold here to start back up from to keep the play alive.

FULT 08/31 Pennant 7.07 -0.27 7.62 9.31 2.2M 2.2M 7.09
Buy Not Hit. Volatile day as FULT reversed the intraday high to close lower on volume. Broke below the 200 day SMA (7.11) as key support but the August lows are still holding so we are going to give it a bit more time. Need it to hold and then bounce from this level.

GIS 08/10 Test BO 59.21 -0.52 58.59 67.42 2.4M 4M 57.91
Current. Very small step lower with just under average volume. Holding nicely over the 10 day EMA (59.09) and right in the midst of the July trading range so it is in ok shape for now. Going to let it run if it can keep stepping laterally like this.

HAL 08/27 Flag 23.51 -0.20 24.12 29.97 15M 18M 22.54
Buy Not Hit. Bit of a side step but gave up support at the 18 day EMA (23.71) at the close. Still hovering over the July peak though so we are going see if it can bounce here to keep the play alive.

HNT 08/20 BullRev 15.53 +0.21 15.21 18.45 2.9M 3.5M 14.92
Current. Gapped and surged higher and held onto a bit of gain after rolling back from the intraday levels. Still solidly in the uptrend, but not the strongest move. Going to see how it reacts to the action on Wednesday.

IBM 07/08 Rolling 116.69 -1.36 102.98 111.91 6.3M 10M 116.21
Current. Slipped a bit lower after giving up the intraday highs. Just under average volume and closing over the mid August lows so we are leaving it. Just a very small bit of room lower left and then it needs to turn back up.

IBOC 08/19 Test BO 14.99 -0.45 15.29 19.65 577K 650K 14.22
Current. Stepped back to hit support at the 18 day EMA (14.78) and bouncing modestly there. At a good level to hold to keep the late August lateral move in shape.

IDXX 06/08 Test BO 49.41 -1.35 45.64 51.95 390K 700K 49.11
Current. Bumped lower after giving up the intraday surge higher but we left it as support from the August low held. High volume move and looking weak but we are going to leave it if it can hold here and then turn back up.

IDXX 05/16 Test 20 49.41 -1.35 41.65 47.55 390K 700K 49.11

INT 07/24 DB hdl 44.13 -0.81 42.20 47.95 665K 700K 45.08
Current. Stepped lower, but bounced rigorously off the 50 day EMA (43.25) at the low. Bounced hard at good support so we left it. Time to see if it can do something with the test and bounce on Wednesday.

ITRI 08/31 Trnd Rv 55.28 +0.49 55.28 63.45 926K 750K 52.44
Entered today. Gave up a chunk off the intraday high but bounced firmly off the low at the 10 day EMA (54.06) so we moved in at the close. Positive action on a day when not much was seen so we like the action.

KLIC 08/14 Pennant 4.91 -0.35 5.58 6.92 962K 1.2M 5.16
Buy Not Issued. Sliced lower with volume to break below key support at 5 and the August lows. Not buying with this kind of action but it is holding support at the 50 day EMA (4.82) so we will see if it can bounce here.

LINE 08/22 ABCD Up 21.06 -0.23 21.88 25.95 925K 1.8M 20.55
Buy Not Issued. Stepped lower after reversing intraday gains so we were not moving in. Holding the 21 dollar mark as support as it did in August so we are going to give it a chance to bounce here.

LNN 08/22 Asc Tri 40.53 -0.98 46.62 53.75 319K 450K 43.64
Current. Still testing lower as it pulled back to test key support at the 50 day EMA (39.20) and May peak. Key level to hold and bounce from right here.

LPX 08/17 Flag 6.96 -0.57 5.80 7.88 3M 2.5M 6.98
Current. Thumped lower with over average volume to close at support from the 10 day EMA (6.97). This is really the level we would like to hold to keep the steep uptrend from August in shape.

LTD 08/14 Flag 14.75 -0.17 14.56 17.55 5.3M 5.8M 14.36
Current. Short step lower to fall below good support at the early August peak after reversing the intraday move higher. Still holding the uptrend though so we are going to give it a chance to hold and bounce.

MR 07/01 Test BO 30.66 -0.24 27.62 33.88 761K 1.2M 30.22
Current. A rare gap higher for Tuesday, but rolled back to close a bit negative. Not a strong move, but did show life by bouncing off the low to recover the August lows as support. This is the level we want to see hold on Wednesday.

MR 06/17 Test BO 30.66 -0.24 26.53 31.45 761K 1.5M 31.58
Current.

MRVL 05/26 Asc Bse 15.02 -0.23 11.85 14.00 13M 17M 13.91
Current. Short step lower after peeling back from the intraday surge higher. Held key support at 15 from the August '08 gap, and it needs to keep doing so on Wednesday or it will need to fill back more still.

NFLX 06/22 DB hdl 42.15 -1.48 41.38 49.95 1.6M 2.9M 43.91
Trailing Stop. Intraday surge much higher but reversed on volume so we closed it out. Fell below key support and has broken the up trendline so it will need a little time to set back up.

NKE 08/11 Cup hdl 54.36 -1.03 57.50 65.95 5M 4.5M 55.21
Exited. Gapped lower and we exited as it shied away from the intraday reversal higher. Closed below solid support at the August lows and late July gap higher so we will need to see what it can manage from here.

NOV 08/05 Rev HS 35.73 -0.62 37.14 42.88 6M 9M 37.89
Current. Fell back to close for a step lower after rallying to the 10 day EMA (37.23) and bouncing down from there as resistance. Closed just below the 50 day EMA (36.06) and that would be a good level to recover Wednesday as it holds the August low for support currently.

NTGR 07/28 Test BO 16.96 -0.11 17.05 19.95 259K 350K 16.07
Current. Bit of a lateral move here just under the early August highs after running out of gas during the intraday move higher and then falling back. Holding in the up trendline easily for right now so we are going to let it play.

NVTL 08/22 Cup hdl 9.32 -0.33 10.36 12.44 683K 900K 9.63
Buy Not Issued. Rolled back with volume from an intraday surge higher to break up the pattern so we are dropping it.

PH 08/07 DB hdl 47.93 -0.73 48.82 58.77 1.9M 2.6M 48.11
Exited. Short gap lower below support at the 18 day EMA (48.59) and we exited as it started to roll back from the intraday move higher. Has also broken the up trendline so we are going to forget it for now.

PMTI 07/25 Test 50 13.83 -0.05 14.63 17.88 200K 400K 14.55
Current. Side step to a doji that just held support at the 50 day EMA (13.82) after testing both ways intraday. Key level to hold and it needs to keep this up on Wednesday.

PNC 08/13 BullRev 40.42 -2.17 42.87 51.95 6M 8M 39.87
Current. Slumped lower with higher volume to hold support at the 50 day EMA (40.12) and mid August lows. This is pretty solid support so if it cannot hold Wednesday we will need to take a second look at this one.

PNRA 08/24 DB hdl 51.82 -0.39 53.75 62.45 562K 875K 51.77
Current. Small step lower after testing both ways intraday and holding solid support at the 200 day SMA (51.24). We were looking for the August lows to hold, but they did not so now it is up to the moving average to keep PNRA aloft.

PRFT 07/27 Asc Tri 7.51 -0.25 7.24 8.94 111K 220K 7.54
Stepped lower with lighter volume to hold at the up trendline from the May, June, and August lows. There is support below at the 50 day EMA (7.31) but we really do not want to see a move down to that level. Holding right here and turning would be ideal.

RIG 08/27 Pennant 74.93 -0.91 77.68 89.95 4M 5.5M 74.77
Buy Not Issued. Short gap lower and could not make the recovery back higher stick into the close. There is a bit of support around the 75 dollar mark that is holding right now and we need to see RIG turn up from here to keep the play alive.

RL 08/17 Flag 64.67 -1.71 66.04 74.95 1.4M 2.4M 64.89
Exited. Stepped lower again to close below strong support at 65 and the August lows. Breaking a key level here so we exited.

RS 08/27 Pennant 36.65 -0.29 37.55 44.75 1.5M 1.4M 34.92
Current. Baby step down after getting nervous with the intraday high and peeling back. Held support at the 50 day EMA (36.24) though and is still in the up trendline easily so we are leaving it. Not the strongest day but in ok shape overall to keep running.

SBUX 06/23 Test 50 18.56 -0.43 14.82 17.95 15M 18M 18.49
Current. Slipped lower and we are going to see if it can rebound off this dip. If not, you need to decide if you want to take the rest of the options, and maybe sell some calls ($20, 17.50 is aggressive) on the stock to buy back at 17ish.

SCHN 08/27 Asc Tri 52.79 -1.22 54.68 64.95 382K 875K 50.85
Current. Squirted lower after failing to make the intraday surge stick and rolling back. Held support at the 50 day EMA (52.89) though so we are leaving it for now as the uptrend is intact.

SGI 08/31 Flag 5.46 -0.03 5.66 7.48 339K 295K 5.31
Buy Not Hit. Side step with the typical move of a surge and reversal present as well. Held support at the early August highs though as well as the 18 day EMA (5.41) so the play is intact at the bottom of the flag pattern. Still waiting for the gains to stick before we move in though.

SLT 08/25 Pennant 12.95 -0.44 13.54 17.24 2.3M 3M 12.56
Buy Not Issued. Stepped lower as dollar rallied but holding the 50 day EMA (12.78) as support as it continues to test. Waiting for it to hold and bounce before we move in and this looks like a very good level for that to happen at.

SMTC 08/11 Test 50 17.63 -0.64 17.68 20.95 349K 850K 17.44
Current. Stumbled lower after running out of steam at the intraday high near the August highs and rolling down. In the uptrend still though and there is solid support under foot at the 50 day EMA (17.26) so we are letting it run.

SOHU 08/29 Asc Tri 60.30 -0.72 62.06 74.95 553K 1.3M 59.77
Buy Not Issued. Short step lower to continue testing down and at support that it needs to hold now. Not the strongest move after failing to make any of the intraday gains stick, but that was a chronic condition Tuesday so we are going to wait for to see if SOHU can bounce here Wednesday before judging too harshly.

STE 08/29 Asc Tri 28.28 -0.74 29.24 33.91 309K 625K 27.58
Buy Not Hit. Skipped lower with below average volume to hold in the short August uptrend. This would be a good place to turn higher from to keep the pattern intact.

SY 08/26 Test 50 34.66 -0.19 35.15 40.45 1.2M 2M 33.64
Current. Lateral move after fizzling out at the intraday high and reversing lower. Held support at the 18 day EMA (34.65) and is still in the uptrend though so we are going to see if it can show better action Wednesday.

TEX 07/30 Trnd Rv 16.00 -0.48 15.17 18.48 3.7M 4.2M 15.86
Current. Typical move with the surge, failure, and reversal to close negative. Held the 18 day EMA (15.98) as support and still in the uptrend though so we are going to wait for it to show strength Wednesday by pressing higher from here.

THC 08/24 Flag 4.39 -0.27 4.73 5.95 8.6M 12M 4.32
Current. Stepped lower with heavier trade to break below support at the 4.50 level. Held the early August highs at the close though so we are giving it more time but we need to see it hold this level on Wednesday as well.

TIBX 08/20 Pennant 8.67 -0.20 9.04 11.94 1.7M 3.2M 8.79
Buy Not Issued. Short step lower but pretty orderly and with falling volume. Did not hold the support from the August high like we had wanted so we did not move in, and it may now have to test back to around 8.50 before bouncing.

TITN 08/22 Cup 11.70 -0.35 12.95 16.68 172K 450K 12.32
Current. Slipped lower, but held the 200 day SMA (11.53) so we left it on. We cannot afford to see a move below here or we will give it the axe. Looking for a bit of a bounce Wednesday.

TYC 07/10 Test 50 31.18 -0.51 26.75 31.95 3.6M 5.5M 30.78
Current. Step lower after an intraday surge that failed to stick. Held the 18 day EMA (31.22) as support however to keep in the uptrend so we left it. Looking for a bit of a bounce from this level on Wednesday but it may need to test further.

UTHR 08/07 Flag 91.19 -0.32 92.66 103.94 264K 875K 88.82
Current. Lateral move to hold the 18 day EMA (91.25) with very low volume after coming down from an intraday move higher. A weak move but holding where it needs to and we are going to see what happens Wednesday with the after hours 2:1 stock split.

WFT 08/13 Cup 19.70 -0.25 20.85 23.98 11M 15M 19.39
Current. Short step lower to keep testing with below average volume. Held some support at the early August high and is also finding support at the 50 day EMA (19.30). Not a bad test but this is where we would like it to make a stand and start higher from.

WRLD 08/26 DB hdl 25.46 -0.57 26.88 31.75 235K 550K 25.11
Buy Not Issued. Not moving in here after WRLD peaked intraday and then sold off a bit to close negative. Did see some signs off life as it recovered off the low to close at the 18 day EMA (25.50) though. Going to see if it can keep the uptrend going and then we will look for our entry.

XLNX 08/25 Flag 21.65 -0.59 22.46 26.95 6.3M 8.5M 21.54
Entered today. May have to let XLNX go after the good early move reversed. That is why we only took a partial position. We will see though.

Downside Plays
Stock Date Play Close +/- Pivot Tgt Vol TgtV Stop
AAP 08/20 BearFla 41.54 -0.76 42.62 38.85 1.7M 2.2M 42.91
Current. Came back from the intraday surge higher to break below the 42 level we wanted. Going to make sure it does not reverse on us Wednesday and then it should be set to break well lower.

AMZN 08/19 BearFla 79.16 -2.03 82.73 75.58 6.2M 7.5M 82.22
Current. Tested higher intraday but fell lower on volume to close negative. Broke below pretty crucial support at 80 with the August lows so we are going to see if AMZN can keep falling from here now.

AVAV 08/01 BearFla 28.46 +0.33 28.04 25.11 117K 250K 28.88
Current. Short step higher with low volume even after giving up a chunk off the intraday high. Resistance from the 50 day EMA (28.75) is holding but AVAV still refuses to fall. Going to give it just a little more time to make the break though.

BKE 08/22 Put 26.51 +0.06 26.18 23.22 1.4M 1.8M 27.66
Current. Side step after finding resistance overhead at the 18 day EMA (27.29) and coming back to close. Still holding the 26 dollar mark and that is what we are focused on now as we wait for BKE to break below that level.

EEM 08/31 Dbl Top 34.64 -0.67 35.54 33.04 96M 80M 36.11
Sold off to close at support from the 50 day EMA (34.53). Going to see if it can test up a little here and then fail to break below the moving average to get an entry.

FFIV 08/24 HdShldr 33.95 -0.55 34.66 30.88 1.3M 3M 35.72
Buy Not Issued. Short step lower but support at 34 from the August lows held so we did not move in. this is the level we would like to see broken, or softened up, before we buy this one.

HCBK 08/14 Dbl Top 12.63 -0.49 13.44 11.42 14M 9M 13.26
Current. Moved over key resistance at the 200 day SMA (13.10) intraday but stalled out and rolled back to close negative at the August lows. Now it is time to keep this action up with a move lower from here.

ICE 07/16 Put 91.36 -2.44 89.65 81.45 1.3M 2.8M 89.44
Current. Got the test higher to the 50 day EMA (94.49) we wanted and then saw ICE melt lower from there. Good test here so we may get the break lower we were looking for.

IM 08/31 Put 16.34 -0.42 16.37 14.04 1.7M 2M 17.06
Entered today. Tested higher intraday and then rolled lower with volume so we moved in. Looking good after failing to fill the gap last week so it is primed to continue lower.

IWM 08/25 Put 55.92 -1.28 57.81 55.05 77M 50M 58.28
Stepped lower again with very heavy trade to keep the rollover from the late August highs going. Not showing any signs of slowing yet and the first sign of support will be at the 55 mark from the August lows. We will see what IWM can do from there.

JNPR 08/19 Put 22.69 -0.38 23.90 23.32 11M 12M 23.91
Current. Hopped lower after surging higher and then selling off on volume. Closed below the August lows and that could have been pretty good support so JNPR looks ripe to fall.

LMT 08/05 Put 75.60 +0.62 74.54 70.04 5.3M 3.6M 75.66
Current. Stepped higher to a doji that failed and bounced down from the 200 day SMA (76.70) as resistance. Do not want it to continue higher, but this could be a good test to start a strong break lower.

NTAP 08/29 HdShldr 22.15 -0.60 22.76 20.72 6.1M 9.5M 23.32
Current. Nice move down after reversing the intraday gains. Moving in the right direction now though there is support underneath at the 50 day EMA (21.70) that may come into play. Still looking good to keep rolling lower so NTAP will be hard pressed to hold the moving average.

PALM 08/31 Dbl Top 13.34 +0.01 13.08 11.04 10M 14M 14.11
Buy Not Hit. Gapped higher, surged, and then rolled back to close for a lateral move. Stalling out here at the 50 day EMA (13.75) and now we are just waiting for the fall from here before we move in.

PETM 08/31 Put 20.64 -0.27 20.69 18.64 3.1M 3.2M 21.44
Buy Not Issued. Stepped lower and we thought about entering but we held off as it was coming up off the low. If it keeps going to 21 on Wednesday and fails we can look at entering there.

PG 08/11 BearFla 53.02 -1.09 52.87 49.55 14M 12M 54.11
Current. Got the reversal on volume we needed to close below the 200 day SMA (53.57) to keep us in the play. Failed where we needed it to so now we see if it can keep moving in the right direction.

RHB 08/12 BearFla 21.00 +0.01 21.51 17.86 115K 285K 22.11
Current. Lateral move after banging around intraday before closing flat. Held right at the mid August lows for support and this is the level we need to see broke to keep the downside going. Failing at light resistance at the 10 day EMA (21.38) so it is looking weak.

SHLD 08/26 Put 61.52 -1.93 64.25 59.24 1.5M 1.5M 64.88
Current. Nice step down with rising volume to close below the late August lows and break key support. This could start the downside really rolling in so we will see if it keeps heading this direction or tests back a bit before failing again.

SMH 08/14 BearRev 24.84 -0.61 23.96 22.08 16M 15M 24.41
Current. Sold lower with volume after an intraday surge to close at support at the 18 day EMA (24.85). Still coming back nicely from the gap and rollover from Friday so now we see if it can keep heading in this direction.

SPG 08/29 ABCD Dw 60.17 -3.45 64.44 59.21 6M 5.5M 62.22
Higher volume move as SPG ducked down to close at the 60 dollar mark. Coming down from a lower high so we are looking for this action to hold into Wednesday.

SPY 08/18 Rollove 100.20 -2.26 98.94 95.03 321M 225M 100.41
Current. Sold off on volume to close at 100 at the early August lows. Coming back from a gap and rollover to look really weak. This is a pretty key level to break lower from to keep the downside going.

End part 2 of 3

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