A good jobs number last week prompted over-excitement, something that we generally look to sell and buy the dips. We are near Friday's low so that should be the point of reference for getting short. Big cap tech in particular looks very extended and any longs are not compelling in the sector. However, GOOG is gapping down near support and we may see the bulls defend that level. BIDU is starting to look parabolic after breaking strong resistance, but a slip under that level could lead to a sharp move down. Financials slowed down, most forming triangles that are now close to reaching their apex where they must resovle themselves. GS continued to be the leader and has made new pivot highs. In solar, FSLR is tightening up in its range and if it breaks below it could gather momentum through its gap. Set-ups have been working, but follow through has been rare so be meticulous in today's trading.
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