The Bullish Percent chart of the financials has turned back up and the CFC charts appears to have put in a bottom, at least temporarily. Our target of $15 proved a tad too aggressive for the panic that set in on Thursday the 16th. We will monitor this position closely and aim to close it out on Monday around the $21 mark.
SYY - This will be the week where we either declare victory on this one, or wave it goodbye. There is clearly resistance at the $34 level but usually when a stock knocks this many times on that proverbial door, it is going to bust through. Stick with the short trade until $35 is hit.
MEDX looks ready to bust out to the upside.
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