The indices moved very little the last couple of trading days, on low volume, so my outlook is still pretty much the same as it was in the middle of last week. The S&P 500 is acting like it wants to go tag its upper Bollinger Band and that could happen pretty quickly. But I still have to defer to MMAs first, which still show the short-term group of averages trying to push through a wall of resistance defined by the long-term group.
As for individual stocks, I'm still finding more potential shorts than longs, but I'm also seeing a lot of strong upward moves, that I'd like to jump on after a consolidation (AAPL is a good example of that). I probably won't do much trading this week though for a few reasons, not the least of which is the light volume that I expect due to all the end of summer vacations. I'll still be here watching, and running my scans, but unless I see something really compelling I'll just be waiting for stops on my current positions to be hit.
