Major averages finished roughly flat to lower yesterday on lower, below average volume. Futures are higher as the market uptrend may resume.
Focus List Review
AMZN is attempting to break out of its current tight consolidation, but volume was light yesterday. We would like to see more volume thrust on any move to highers, but the stock remains in a buyable position
BABA is pushing higher but continues to do so in volatile fashion, making it more prudent to look to buy the stock into any temporary pullbacks following a show of strength.
CC is holding tight just above its 10-dma as volume dries up to voodoo levels.
SQ continues to hold tight in a short three-week flag formation as it holds just above its 10-dma. Any pullbacks towards the 10-dma would offer optimal, lower-risk entry opportunities.
Zion broke below its 50-dma yesterday in al technical violation. This is a sell signal, as we discussed it would be in our Focus List Review this past weekend.
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