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Intraday Watch List for Friday, July 24th...

The band Radiohead has many classic songs, one of which is titled 'I Might Be Wrong.'  The scarcity of lyrics in it leaves much open to interpretation in regards to its meaning.  The title of the track, however, seems a bespoke fit for the resilience of the equity market. 

Greece sits on the perpetual verge of ruin and economic exile (which might also be its only shot at salvation, but I digress)... Natural resources and commodities are in freefall... Global high yield is being punished and the value of the US Dollar is heading back up to its highs.  I would think the cocktail of the factors would be enough to spook investors... but as Thom Yorke says, 'I might be wrong.'

Perhaps strong corporate earnings, the kind of which we saw from AMZN after the bell today, are enough to keep investors invested.

Regardless, here are the names to watch on Friday, but be mindful of any earnings announcements prior to the start of the session...


BREAKOUT LONGS:
ACN
TSO
AFSI
ICPT
ALXN
TRIP
SGEN
SRPT

BREAKOUT SHORTS:
ACM
CREE
SPWR
FLR
XOM
APD
FOSL
HES
FDX
OXY
LULU
BLL
LNG
GBX
HLF
RAX
KSS
UNP
NOV
 Z


TREND LONGS:
HCA
VLO
INCY
GS
GILD
EXPE
TGT
QLIK
DG


TREND SHORTS:
WDC
FSLR
CVX
APC
AKAM
GMCR
WYNN
SSYS
STX
LOW
KORS
IP
NUS
CVX
BBY

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