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Intraday Watch List for Tuesday, July 28th...

When periods of falling prices cause short term moving averages move below longer ones, market technicians refer to it as a 'death cross.'  The term itself is perhaps excessively draconian but the implication of these events can be substantial... especially when algorithms are executing trades on technical signals.

Last week, I posted that bearish 'technical factors are quantitatively stronger' when making the case for, what I believe will be, a market correction.  On Monday, the market produced another bearish signal as the 20 day moving average moved below the 100 day.  This death cross or mini-death cross - seeing as how it's only the 20 day - isn't a big deal by itself... but when taken in collection with other signals, it gives me further confidence in my market outlook.

The picks being produced by the factor model also bear out my expectations by their proportions alone.  Here they are for Tuesday:

LONGS

Breakouts:
AFSI
PM
CMG
EQIX
UA

Trends:
TSO
HFC
JBLU
BMRN
ALK
REGN
MBLY
BDX
IBB
AIG
MET
JS
JPM
FAS


SHORTS

Breakouts:
YELP
DD
APC
SODA
TTM
ARG - Pre market earnings
ACM
CVX
HES
NOV
SINA
BBBY
NUS
ETFC
Z
DDD
DNKN
HLF
TSLA
RAX
UNP

Trends:
FSLR
WDC
GMCR
WFM
FOSL
APOL
STX
KORS
WDC
CREE
IYR
AKAM
NTAP
IP
KSS
CSCO
YNDX
NOV
WYNN
LOW

Reversions:
LMT
CELG

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