NO BIG CHANGE

The markets didn't move much in either direction today, but there seems to be some pressure building on that 950 level on the S&P 500. With the VIX moving down today and the S&P 500 pushing against that resistance, a breakout could be coming. I spend the day building up some small trades in anticipation of a breakout in the next few days. Who knows...it could break in the opposite direction. The dollar moved back down today and some energy stocks started to look good. I particularly like the natural gas stocks (APA, APC, CHK, NGS, and EOG). NRS is a good way to play nuclear energy and I like that pattern. Also, check back on the agricultural chemical stocks (POT, MOS, AGU, CF, IPI, and SQM). I talked about these last week but we didn't get any confirmation and they made another move down. They are showing up on my scan again and I do like the patterns...even better than last week. The coal stocks also still look good. If you want to wait for confirmation on any of these patterns, wait to see if we breakout above 950 on the S&P 500. Also, check the UUP to see if the dollar is still trending downward. MRVL broke out big and CREE looks good again after its pullback. Look at BX. It has a nice pullback pattern and should do well if this uptrend continues. A break above the resistance around $11.50 could give some nice confirmation. Bottom line...if we get the breakout, almost anything you pick should go up in value. These are just some of the higher probability patterns.