Markets are slowing down a little today but are still above rising 5 DMAs so it is still “innocent til proven guilty” in the intermediate term.

Relative to the broad markets, some individual sticks are underperforming and some of our stops have been hit. This could signal the market may need to rest further.

CDAY long 5050 1/3 +0.50 balance stopped +0.24
MAS long 3939 1/3 + 0.16 stop on balance to 3941
BHC long 2522 sell 1/3 2550+ stop remains 2465
CHGG 3856 1/3 +0.40 stopped balance 3813 (-0.41) average -0.17
FNSR long 2376 1/3 +0.10 stop 2342
YEXT and ETSY weak from the start, remove from list

ELAN 3298 1/3 +0.41 stop 3241
FLDM 1362 1/3 +0.13 stopped 1321 -0.41, average -0.23
CVI 4226 1/3 +0.37 stop 4152
CUBE, MTCH, SMAR weak from the start, remove from list
UNFI short 1300 stop 1356
VZ still good above 5941, but unlikely today