Hello Everyone,

Some big swings overnight and early on today BUT still within the recent 100 point range on the SPX (discussed last week).  Energy is building and expecting a big move once the range breaks. ES support 3835 and 3820 with resistance above 3855 and 3875. 

We had some very nice trades today in the energy complex (XLE/OIH/XOP) and several individual names (all on the short side).  Will review below. 

Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 4-6 setups each night and put on front page along with existing trades.  My advice is to keep your total ideas to a manageable number (very few in volatile market).  Lastly, it's best to wait at times for valid setups to form - sometimes less is more.  Big moves tend to occur first and last hour and overnight sessions.

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.

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