Good evening. We are not releasing new trades tonight. The S&P 500 is in no man's land without a break above 1,100 or below 1,070, which is where the SPX closed after the late day sell off today. The market is being driven by news and the volatility is making it almost impossible to manage swing trades unless you are trading intraday. We'll release more trades tomorrow assuming we have a better sense of market direction. I have listed a trade set-up below for those that are interested:
Long NCR - The stock is approaching a prior resistance and support area from January and February, respectively. In addition, the stock is approaching a recent upward trend line and its 20-day and 200-day SMA's from above. All of this should provide good support for a move higher.