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This is just a repeat of the observation that the market stay stable to strong. Also, there is continued evidence that emerging markets continue to look strong(er).

1203 PCLN, HLF [$49.46] 49.54, LL [$57.92] 54.22 X [$39.89], LNKD 227.54 Here are some short ideas. All price target guesstimates are projected 3 to 6 months out. PCLN [$1190] is a short now that it is below a recent monthly closing low of $1203. It could touch $900 in a down market. HLF [$49.46] remains a short more so when it is breaking below the 52-week weekly closing low of $49.54. Price target = ~$33. LL [$57.92] is a short right here. Alternatively, wait for it to break below the current 52-week monthly closing lows at $54.22. I can see it trading in the lower 30's. X is a short at current levels and especially should it turn negative for the month. My initial price target would be in the higher 20's. LNKD is also a short at current levels with an initial price target of ~ $180ish.

Patience it being tested here as the market refuses to take a pause from bullish action. I discuss the short-term set ups and what the Airline index and Dow Transports index could be saying. We should also keep in mind that with a long labor day weekend coming up this weekend the market could very well end the week with the SPX [2002.26] above 2000.

Everywhere across the major world markets it seems like we are due for a pullback in the coming week(s). If the resistance on the daily charts is cleared then we might have another fantastic short-term spike in prices. If you have any of the emerging market ETFs them make sure to have stops in place (5% to 8% from your purchase price is always ideal) because some of them are failing to hold their weekly buy points as discussed here; https://www.youtube.com/watch?v=R0wvg8Go8Zc Some other stocks like ANET [$75.62], FB [$74.57], and KNDI [$19.28] are seemingly finding it difficult to hold above their specific breakout entry prices so stops are needed there too.

Lets see if both the NASDAQ and the Airline index drop below 50 on their daily charts. If they BOTH do so today then expect a big down day into the close.

I am sure most of you have seen the spikes today in WIN [$11.75], FTR [$6.73], CTL [$40.22] and so on. I don't follow the fundamental side of stocks but here is an article about the situation (for your convenience): http://www.morningstar.com/topics/t/95043841/win-ftr-ctl-soar-on-reit-news-at-t-verizon-sprint-gain.htm I think as a SPECULATIVE idea FTR is a buy right here at around $6.73 WITH A 5% STOP Below your purchase price or at most don't own the stock below the lows of the day at $6.21. I also did an educational video earlier today as regards to WIN's lift-off today: https://www.youtube.com/watch?v=ztjUbvyJ91w

I think the GOLD index @ ~$1290 or the GLD @ ~ $124.02 is a buy right here if you are patient enough to hold for many many months. The GDX [$26.66] gives you multiple view point options of how to trade it with the relevant breakout price points to watch being $27.73 on the weekly and $26.45 and $27.87 on the monthly chart. SSRI [$9.45] is either a buy at current levels or ideally when it jumps above $10.31 on it's monthly chart. SAND [$5.93] is a buy here if you looking for a mining/commodity stock that has yet to move significantly and one that is off recent highs. GROW [$3.80] has a great looking chart with a buy point at $3.61 on it's monthly chart but the issue with stock is that it has very low daily volume.

I still think this market could spike from around here. If this is correct then the time to act is now.

The market has yet to give up monthly support so we do remain in a strong market. This video also discusses some charts locally and world wide that have turned somewhat bearish.

Hour to hour she has been setting up to recover from this mornings lows...

With everyone seemingly getting out of the 'Gold' [$1,291] trade I would use this opportunity (based on the technical reasons discussed in the video) to consider GLD [$124.18] (and by extension the other 'Metal's related instruments) a buy as long as it (GLD) does not violate the lows for the day at $123.90. On the other hand the general market (for example with the Dow Jones @ ~17,090) in my opinion is prepaying to pullback short-term and as such there is no need to rush to buy long side stocks or ETFs. That is not to say the market is broken since we have yet to see any major broad market sell signals. The time to short the general market will come but not before the sell signs are witnessed all over the place.

Weekly charts are calling for a down week while hourly charts indicate a short-term bounce. Monthly charts remain solid. These opposing forces do suggest instability or volatility with the high likelihood of a down week net net. So, we might need to be observers here and not be aggressive in either direction.

The most critical, actionable and noticeable set up for the general market is IF this is week's closing highs remain intact then the Dow Jones [17,137] is painting a meaningful reversal picture. Hour to hour though the charts look ready to advance higher and if you couple that with strong monthly charts then we are at the mercy of market bulls. Generally, world wide markets also show that they could stall around current levels - especially the European markets. Some markets like China and even Brazil look great on monthly charts and in some ways one wonders if they are the next true leadership many months down the road. AAPL looks safe as long as it can stay above $97.49 the previous weekly closing high and also as long as it holds above 50 on it's daily RSI. The solar ETF TAN [$45.36] could get very bullish should it breakout above $46.70 on it's monthly chart. There is also discussion on a sample of individual names like FB, TWTR, GPRO, NFLX, LNKD,KNDI, PLUG, BAC and BIOF.

ANET [$81.71] above $76.41 on it's weekly chart, BBRY [$10.26] ONLY WHEN IT IS ABOVE $10.24 as we have discussed before and also take a look at BLUE [$37.82] as it sets up to potentially take out the current monthly closing high @ $38.57.

In this video we take a look at gold, silver, miner, steel and natural gas. FCX [$37.81] has a monthly buy price of $37.06, SLX [$48.81] has a monthly buy point of either $47.85 or $49.72 (depending on how you look at it) and UNG [24.00] could easily breakdown below the current strong support level around $24.00. Natural gas bear ETF's are one way to play any drop in the price of UNG which means one can consider DGAZ [$3.29] and KOLD [$42.19] here.

We are still observing daily chart resistance and this continues to take some time as the acceleration of the general market to upside has slowed down somewhat over the last week or so. Only a powerful general market spike can break above the current daily chart RSI resistance. It would make more visual sense,though, if the next actionable move in the market is lower. I WAS WRONG on my call on commodities especially in regards to the GLD [$121.48], GDX [$24.88] and individual names SSRI [$8.03] and, SAND [$5.22]. I show that even though the main EFT commodities are down this week (including UNG [$20.89] and USO [$35.40]) their charts are NOT broken on weekly charts YET. UNG, USO, GDX and GLD could recover week to week from current levels. Set a stop for BBRY [$10.51] below the ideal buy price of $10.24 because it looks like the daily is signalling short-term reversal signals lower. Of course if you own it you want it to successfully defend $10.24.

Looks like the US market continues to defy gravity.

One wonders if we have seen important highs in the current bull market rally. This video gives us a visual landscape of how things are developing early on in the week - especially IF this ends up being a big down week. UNG [$23.20] is cracking below critical support at $24 which makes DGAZ [$3.60] a potential rebound candidate. DGAZ is already up 11.11% for the day.

Just in case we have a market that has legs then take a look at our recent breakout candidate PQ [$6.90] with a stop under $6.60.

It has been months since we initiated any short position. That has generally been a bad idea. So here we go with the first set of short/sell ideas. This is also a way to test the internals of the general market. IF these stocks trend lower in the coming weeks and months then we are looking at a market that could correct significantly. VSI [$39.90] is to be sold now that it is below $42.12 on its monthly chart. The stock can conceivably trade in the mid 20's or lower within 6 - 9 months. MX [$12.01] is a short now that it is below $12.41 on it's monthly chart with a potential price target of $5 - $7 in 6 to 9 months. WFM [$38.99] is a short RIGHT HERE and more so when it clips below the current monthly closing high of $38.12 . In 6 to 9 months out the stock could be trading in the mid to lower 20's. LVS [$67.56] is a short as long as it continues trading below the recent recent weekly closing low of $68.13. It could be signalling an intention to trade in the 40's in 6 to 9 months out. WYNN [$195.25] is now breaking below the recent monthly closing low of $201.34 and looks set to initially trade in the ~$160 area which is the most recent successful weekly breakout level. Set an alert for HLF [$50.48] should it ever break below the current recent weekly closing low of $49.54. A break of $49.54 could see it trade in the 30s within 6 to 9 months. Of course price targets are always going to guesstimates at best.

The daily charts NOW are surprisingly showing that the general market wants to move higher day to day. This is confirmed by the massive plug of the VIX on Friday. The Brazilian market seems to have cleared some serious resistance and even the monthly chart for the EWZ is looking solid at the moment. The EWZ [$50.30] is a buy as long as it can hold above $49.05 on it's weekly chart. For those who still own PQ [$6.66] then continue holding unless is moves below the 200 day moving average or around $6.51.

In this video we look at some charts we have not considered lately. They all, in my opinion, currently suggest a down market is very likely. I discuss the NYSE Composite, EWZ, EDC, UUP, ERX,FAS, TNA, OIH, and XRT (retail index). Personally, I am even beginning to wonder if we are trading at serious market highs because of the weekly chart formations. The following stocks are to be considered as short / sell candidates at CURRENT levels or once they break the following monthly lows (so kindly set alerts as needed): ADHD [$16.24] now that it is below the previous monthly closing low of $17.11, LL [$57.03] below $54.22, RGR [$50.68] below $49.52, SILC [$30.52] below $26.84, and WFM [$38.81] below $38.12. Good luck.

I think we get some pause in bullish action around here with Dow Jones around 16,930, NASDAQ around 4,521 and SPX around 1981. I suggest we hold back on aggressive buys for now.