This market remains tricky to trade, don't put on your bear suits yet. Most of the stocks I
looked at are currently in a very defensive position....there is just no clear change in trend yet. So the best strategy is still to follow the market and try not to think too much.
On the smaller time frame, to get really bearish....SPY 90 needs to be broken. Other wise expect some sideways action that will bore you a little....Theoretically, this market should bounce if stochastics turn up.
JPM could be going sideways again, all will not be clear until June 8.
Neutral on OIH.
Neutral on AMZN
GS could be a great buy soon if it holds up, my view will switch to Neutral if 132.58 is broken.
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