Morning Thoughts July 24

We have mixed signals this morning from small and large cap stocks as Russell 2000 is now underperforming the S&P 500.  If you recall the reverse was in play two weeks ago and that made us bullish for a trade.  A follow-through up day in coming days would save the bulls.

Haliburton (HAL) looks good for upside to $33.

Individual stocks that need one more confirmation up day in order to be buyable for bucket 2:


The S&P 500 is still within its bear flag, which finally looks more orderly and not as steep. The russell 2000 has already broken out of it to the downside.

Gold and silver don’t look good.  Break below these levels and a short setup becomes playable;

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