Trade Ideas: ARXT, BGO, BMR, CDI, EVF, SPSS, CNW, CACB

Much better breadth in the market with today's 8 stocks covering a period of 3 minutes from the Trade Ideas scan. BGO and BMR were the only two stocks to appear twice during this period.





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S&P "Bull Trap"?

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"Black Candlesticks" are a concern for the S&P and Nasdaq

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Round 2 for the bearish "black" candlestick in S&P and Nasdaq

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The Nasdaq started brightly but ended up closing below its open price, but above yesterday's close. The S&P did something similar, although the intraday range is narrower. These two setups are somewhat complicated by the new 'buy' triggers in On-Balance-Volume for both the Nasdaq and S&P. And the new MACD trigger 'buy' for the S&P. Price action is key, so I would expect the candlestick to trump the technical picture; watch for lower prices tomorrow.
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