Tricky Monday

Trade candidates for the day
Note: no new Bullish Call buying until market follows through!!
PCR: wait until August 7 Earnings report. JC: Last bar seemed like an inverted hammer! Testing support of 50 day SMA!
RIO: sell if it falls below 46,68 on volume or 30 July time close!
TEX: JC: inverted hammer. Testing support of 50 day SMA!
WFT: Testing support of 50 day SMA!

Trade session notes
Note: Market in correction!
FTSE...6223.40...+8.20...+0.1%.
DAX...7454.10...+2.42...+0.0%.
Nikkei...17289.30...+5.49...+0.0%.
Hang Seng...22739.90...+169.49...+0.8%.
VIX closing last Friday

CBOE VIX

24.17

+3.43

10:09:09 AM Market open: mixed (VIX down, Nasdaq Decliner leading, NYSE A/D even)

CBOE VIX

22.79

-1.38

Market	Adv	Decl	Unch
Nasdaq	2,392	2,786	188
NYSE	1,454	1,389	111

11:52:31 AM MS: mixed to bearish

CBOE VIX

22.82

-1.35

Market	Adv	Decl	Unch
Nasdaq	2,399	3,317	188
NYSE	1,365	1,659	102

Put on a 0.05 points down from .2 last trailing stop for the RIO position as planned (due to time exit set at the time of trading).

12:26:03 PM MS: slightly bearish

CBOE VIX

23.02

-1.15

Market	Adv	Decl	Unch
Nasdaq	2,264	3,536	216
NYSE	1,273	1,772	102

1:07:54 PM MS: improving to bullish

CBOE VIX

22.21

-1.96

Market	Adv	Decl	Unch
Nasdaq	3,084	2,835	196
NYSE	1,643	1,425	94