5/19 - watchlist scan

• most stocks have long bullish tails
• many stocks that have fallen hard have found support today from a prior low...many of these lows are from the 999 pt down day
• can only see 1 long setup (FDO)
• no great short setups either
• freefalling of charts in last few days make for ugly patterns
• financials are strongest....many banks are positive and have been all day
• seeing some head and shoulder's top...but are messy patterns...might just be consolidation
• solar continues to be one of the weakest sectors

bottom line: maybe not the best time to go short or long...not much room to move down...and nothing really strong and ready to move up yet...unless things change, probably won't find any ideal setups today...feels like a change of trend is underway...BUT trend is still the bears friend at the moment...not aligned with bulls yet...still safer to short than long if need to choose between the two