The US market's uptrend seems to be weakening, with a Head and Shoulder very likely to formed if the market does pullback next week. If that happens, the neckline breakdown is something that everybody will be watching very closely. A break under that line could be quite devastating.

From the Sectors view, the Energy sector seems to be ready for a down side breakout. Might initiate a trade if it really does that.

 

 

 

JNJ seems to be ready for a big pop up.
Will monitor it. If it manage to break out upwards and stay above the breakout for the closing session, will enter trade, and set stop at around $55.

 

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