As discussed in last week’s executive summary there are some big threats to the current highs we are at on the US indexes. We discussed the importance of watching whether the S&P 500 broke below the trading range of the first day of September and at the beginning of this week we saw exactly that. This indicates that we may very well see a further sell off throughout the next couple of weeks as the market arches its back down.
In this executive summary we review two potential long setups on some stocks moving to the beat of their own drum as well as two possible shorts on stocks breaking down through support in weak sectors along with insider selling.
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