James Taulman
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Market Mixed – Short Set Up Near Trigger

Support held yesterday in the Dow and the S&P 500 as they both traded higher after falling intraday to their respective 50-day moving averages.

As long as the Dow and S&P 500 maintain this important technical level, will have to give this rally the benefit of the doubt.

The Nasdaq is having a harder time though, as its 50 DMA is acting as resistance.

As far as set ups…

On the SHORT side, CI is getting closer to triggering a short sale. Please see the table below for its specific trading criteria.

Here is a one stock that is currently on my TrendLine SetUps WatchList, which am I monitoring for a buyable breakout.