Swing Trading Strategies & Stock Picks Since 2003

Very little happening on the long side. One potential candidate is Shutterfly (SFLY). The stock broke through $8.24 resistance on heavier volume a few days ago and has since retraced back to this now support, closing yesterday at $8.27. I have created a Zignals YourCall (part of Zignals Stock Charts) for a push to $10.89 with a stop at $7.79; let see how it plays

On the market front I am keeping an eye on the Transports; still clinging to November lows as support. Since my last comment there has been a fresh distribution day but it came on the back of a weakening bear trend.

The other interesting point is the divergence between the S&P and Nasdaq. Closing prices of the S&P have been pinned by 50-day MA resistance

But have held as support in the Nasdaq

However, in each case money flow has been good (bullish). When you throw in the semiconductors, things look a little better for the Nasdaq

But for bulls it all feels like swimming against the tide. Can they do it?