Lackluster trading as depicted in the three stocks traded today. MON broke out of a high,tight flag and floundered.
PCLN was basing on $405.00, setting up for a fast move lower, but turned into a big disappointment.
TCK was a HCPG pick at $58.50, but I didn't like the opening range, so I put it aside. Eventually, it formed a solid base at $59.00 with NR7 as the trigger.
The Ag sector is well positioned to move higher, but needs to time to consolidate recent gains. I like AGU and POT going forward, but I want to see some sideways action for the next few days, as we are too extended here.
FFIV is coiling in a bearish inverted saucer pattern. 1st target is $130.00.
LVS is in a down sloping channel. The MAs are converging over price signaling more downside to come. I suspect we'll go back and completely fill the gap on the 15 min. timeframe below.