SPX holding the 38.2 fib from the morning low to afternoon high.

Apart from the question of whether there is a solid long trigger on the daily (there isn't), UNG is a lousy instrument because of the slippage due to the nature of ETFs, with UNG being a particularly egregious example. So, given the slippage when holding, I would not want to hold UNG for a long time unless I have a clear trend reversal to positive, with a higher low to use as a stop. I'd even rather hold a long-dated call or call spread.

Internals better than 2 to 1 positive. Watching SPY for a higher low trigger on 5 min chart. Candle trigger would be 1. hammer, 2. engulfing, 3. close above high of low candle. Also watching the 38% retrace area around 211.42.

Ah - another good look at FB. Stalled at the 50 dma right now, which is 81.22.

Sorry, I just saw this or I would have posted earlier. FB break out of an inverse head and shoulders. The measured move corresponds with the upper Bollinger band on the daily chart.

Nice chart! As a cup and handle swing trade, it's not too late to get in based on my understanding of when this pattern triggers. I.e., trigger is a break (and hold EOD) over the high of the handle. So, couldn't you get in tomorrow if it doesn't gap?

Yesterday was a lower high - I'm not at all optimistic. Sold 1/2 my position around 132 last week, sold the rest today. We will see, but I'm not holding at this point given the chart.

Ha! that wouldn't surprise me. The guy is a machine.

AKS - moving up on good volume. I'm long.

CAT up pre-market on earnings. Here's some interesting stats. Price should close around 89.50 based on average up move of 1.9% over pre-market.

CAT is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in CAT indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.

Last 12 Qtrs Positive Only Price Reactions:

Percent of time added to extended-hours gains: 25%

Over the prior three fiscal years (12 quarters), when shares of CAT rose in the extended-hours session in reaction to its earnings announcement, history shows that 25.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 1.9%.Average next regular session additional gain: 1.9%

already extended from yesterday's breakout, though.

TSLA - high volume breakout.

YELP finally getting going, above the 50ma and moving into the gap.

Anemic volume, and this is a move first thing in the morning. I like the chart overall, but I may take some profits. 

FEYE - low risk long if you use the 50ma as a support reference. FEYE regained the 50ma for the second time in the last 2 weeks. If it holds EOD, I may buy with a stop just below Friday's lows.

FB continues up on good volume.

JASN: BPT trade idea looks good for another move up.

thank you!

LOCO: a cool cup and handle fractal pattern has developed on the hourly. I have a buy stop just over 28.40.

FB very strong this morning.