Thought for 03/14/14

This market sucks right now with a lot of pressure from tensions in the Ukraine and sentiment of the market being topped out.

COO - watch this at the 132.71 level. There is some support there. This may bounce at this level or a little under it. If it dips lower on volume, this will test the 20day.

KR - This is bull flagging, but a lot of BFs have been getting creamed in this market. Notice the low end of the flag coincides with recent high. This may dip below this support level. See how RSI is overbought. Could test 42 if market is still weak.

TIP - This has support at 112.54 and 112. Might test these supports if market bounces back a little. Buys are above the high 112.87 or 113.30

CIT - Might be a good short if this tries to test 200 or 50day. They are almost the same since death cross. Could also short on a move with volume under 48.

LPI - Is it bear flagging? Watch the 25 test for a possible short entry or short under lod and volume. Death cross and more room to downside. Could test 24 easily.

NBL - may be a nice short under the 200 day or pop to 67.80ish or 20day.

REN - Looks like this might be tweezer bottoms. Tough call in such a crappy market. Could buy here with a stop under 7.61 lod. Or short under LOD to test 7.35. Notice that it is oversold though.

TAL - has room to go lower. Short on pops as this could test recent base low.