Yes, we’re in a buy-the-dip type of market. You just have to know which dips to buy. I remembered today why I prefer trading ETFs over stocks. I knew SOHU had already run up strong today, but thought it might have some more in it. I bought what I thought was a base breakout, but ended up selling it an hour later for a 10 cent loss. During that same time, QLD broke it’s high of the day, and ripped higher. The market was moving, and I had chosen stocks that weren’t moving. SOL was another one I was in, but looks good for tomorrow.

It seems the next barrier to break for the Nasdaq is the 200 dma currently at 2517. It will get there, but it will still be choppy action I imagine.

I’ve been trading off the morning gappers lately, but a few that look interesting tonight include CENX, STV, NYX, SOL, VIT, and STLD.

As expected, we had more unwinding and choppy action in the market today. A few stocks on my list to watch tomorrow include EOG, DIVX, MON, EQIX, and DUG.

EOG reversed yesterday’s down bar, and is close to breaking the high from three weeks ago.

DIVX broke out of a 2-month base, and closed near it’s high after pulling back yesterday.

MON has taken out that wide range red bar. Ag stocks have been strong.

I’m thinking EQIX could be a short here if yesterday’s low of 87.12 fails. Note the topping tails. Also, a second gap higher is usually novice driven.

One day oil stocks will reverse. DUG is on my watrch list every day in anticipation of that event.