Yesterday's reversal in the markets created the first lower high in the indices and in many stocks across all sectors. Bears will look to use this first lower high as an area to initiate short positions and we could potentially see the first real down move in the markets since before the March low. Today's focus will be in the financial sector. The banks led us higher and will have to lead the market lower if there is to be any significant downside. Keep an eye on JPM and WFC, as they have better short setups than some of other banks. Yesterday's winners include MON, JPM, SKF and APC

See how T3 is trading the open at

www.t3live.com