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Surprisingly, the market is NOT bearish as of right now. A breakout on the daily and hourly charts would really press down hard on the accelerator and push the general market to unbelievable all time high heights. At least that's the bullish case! IF negative divergence on the daily and hourly charts continues holding firm then the market will have to pullback.

Subtle sell signals on the daily charts are beginning to form but so far it is not of the nasty kind. In other words that market is STILL healthy.

Despite the 'boring' action this week, so far, the market continues to grind higher with no visual cracks to reports of on the charts as of right now. We see strength in stocks like AAPL [$94.21], LNKD [$163.57], FB [$65.58], AMZN [$332.27] and the Social Media ETF SOCL [$18.36] suggesting that tech is playing catch up after lagging the general market over the last few weeks. At the moment AAPL [$94.21] is holding nicely above previous monthly closing highs at $91.48. A good market could take it to $110 - $120 in the coming months. The Nasdaq index [4333.74] does need to breakout and hold above 4336.22 on the weekly if it is to advance well beyond current levels. Right now this breakout is stalling. Remember failed breakouts are notorious for igniting sell offs. Should GLD [$121.33] and GDX [$22.855] hold above $120ish and $22.50ish respectively on the weekly charts then this might be time for gold bugs to add to their positions with stops at the support levels mentioned above. I also mention FMCC [$4.41], SWHC [$17.11], SPWR [$33.73], KNDI [$12.39] and SWIR [$19.62].

Both Bulls and Bears have good reasons to be encouraged by this past weeks sell off. The monthly charts are starting to look VERY BEARISH yet the daily and the weekly charts are not broken???

Because I am not sure which direction the market is leaning short-term I discuss rebound, breakout and short candidates. As long as the Dow Jones Industrials [16,484] and the SPX [1,877] can hold above 16,478.41 and 1,878.04 respectively then stocks should should be stable if not bullish otherwise if the breakouts fail on the weekly charts then the bearish case will get louder. CSIQ [$30.66] and STMP [$34.27] are REBOUND stocks that can be bought around here with a 5% to 8% protective stop. PQ [$6.00] can be owned above $5.72 on the weekly chart and GOL [$5.95] above $5.60 on the daily chart look like good BREAKOUTcandidates IF the market stays strong. GWPH [69.15] and HLF [57.52] are SHORT candidates at current levels. Kindly watch the video for price target guesstimates.

The general market continues to creep higher... Well, Duh! BUT, here is why I believe it is staying strong...

Is this options expiration trickery for maximum pain for option participants OR is the market just tired and finally poised to collapse???

The US general market and also world markets look like they want to pull back. The new month should also add a new dimension to this markets direction.

SWHC [$16.09] is a potential buy if it can now stay above the previous 52-week weekly closing high at $15.88.

None of the bullish ideas mentioned in this video will work if the market's most recent breakouts on the weekly charts stalls. MGN [$1.37] remains a buy above $1.36 on it's monthly chart. RLD [$12.20] is a buy above $11.59 on it's weekly chart. BRDT [$0.3775] is a SPECULATIVE buy at current levels. GS [$154.76] is to sold (or, is a short) ONLY when and IF it moves below $1.52.72 on it's weekly chart. Kindly refer to the video for guesstimate price targets.

I think we can hold off on any aggressive buying based on short-term chart formations. Sometimes the best thing to do is to RELAX and wait for trades to come to you. The market stays strong as long as the SPX [1,966] is above 69.10 on it's weekly chart and the NASDAQ [4,393] is above 4,357.97 (March daily closing highs) on its daily chart.

AAPL [$93.58] is a buy now that it's above $92.22, FB [$67.90] is a buy when it moves above $68.48, SBGL [10.91] is a buy if it stays above $10.96, and those who own KNDI can move their stops to $14.09 (a recent daily closing high). And, oh, those VERY SPECULATIVE Cannabis stocks like GWPH [$109.02] GRNH [$0.28] and ATTBF [0.585] are or have recently been on the move which means others like TRTC [$0.50] and BRDT [$0.39] might soon join them in spiking higher. Puff, Puff Give!

What a difference one or two weeks can make in the market - not only did the market find downside support about two weeks ago now it is looking to breakout. IF the Dow Jones Industrials [16,516] and the SPX [1,879] can hold above 16,478.41 and 1,878.04 respectively then this market could actually surprise us all with a strong move? Consider PRMW [$4.50] a breakout candidate IF it holds above $4.21 on it's weekly chart. I believe IF the general market holds above the breakout levels mentioned above that PRMW can touch 9 - 10 bucks by the end of the year. KNDI [$13.17] can be considered a rebound candidate at current levels with an initial price target of about $19 - $20.

Shorting Gold [1,268] could be in play so long as DSLV [$51.30] stays above $51.00 which is a recent weekly closing high. Otherwise this sell-off in gold could be yet another trap for gold bears. As long as DSLV is above $51.00 then following ETFs are in play: DZZ [$6.78], DGLD [$68.00], and DUST [$28.49].

General market analysis seems to indicate no significant change in positive tone to market out look. Stock picks mentioned include rebound candidates PLUG [$4.68] and KNDI [$13.12] right here around $13. On the breakout front FB [67.07] is mentioned should it move above $68.46 on it's monthly chart and WUBA [$51.58] is a brand new stock pick addition as it seeks to hold above the daily breakout of $47.03 or the monthly breakout of $47.29. AAPL [$90.53] could also bounce now that it has held the 90 dollar area.

I believe that DDD [$46.58] and YELP [$53.61] are rebound candidates at current prices. You can set your stops at around $45 for DDD and at around 52 for YELP.

I do believe that one can consider former high flyers SCTY [$57.23] and FEYE [$47.34] as REBOUND CANDIDATES at current levels.

So long as the SPX is holding above 1881.14 then some of the recent leadership stocks might recover to test recent highs. Take a look at BCRX [8.77] and PLUG* which is now at $4.39. *PLUG does need to confirm momentum by clearing $4.49 (a recent daily closing high).

BGMD [$1.64] continues to be a buy above $1.52 on it's weekly chart. For anyone looking to own one that has yet to gain momentum then consider MJNA [$0.312] RIGHT HERE. MJNA's ideal buy point is during any breakout above $0.3673 on it's monthly chart. MWIP [$0.46] is also mentioned.

This video is a quick follow up to the one I sent you mid afternoon. I spend some time looking at the downside possibility and what to look for over the coming days for confirmation of market failure or support.

SVXY [$55.90] is a short below $$56.26 on the weekly and monthly. EUM [$28.35] is a buy above $28.65 on the monthly, BZQ [$99.63] is a buy IF and when it jumps above $102.54 on the monthly chart and EEV [$23.17] is a buy should it slice through $23.62.

As pointed out earlier today it seems that hourly charts are suggesting the general market will pull back - at least short-term. OXBT [$6.47], the speculative biotech stock mentioned this weekend could be a buy around here with a tight stop. Once can also ideally choose to wait for it to push above $6.91 on the weekly before making a purchase.