Action Points

I suspect the market is on the verge of a full blown crash. It's impossible to call a bottom so I'm not even going to make an attempt at it. If the decline does continue, I'll adjust my stops as we push lower until I'm taken out.....really simple stuff. I've added a handful of fresh setups that I think are low risk trading opportunities. In an effort to reduce the noise, all of my comments are located on the charts. I'll try to make a post(s) during the week if I have the time. If you're interested in knowing when I make one, take the time by signing up for the "Email Service. "

Breakout Setups (Click on Symbol for Annotated Chart) REVU Princeton Review ODSY Odyssey Healthcare ITP Intertape Polymer OTIV On Track Innovations OPNT Opnet Technologies TRGL Toreador Resources QLTY Quality Distribution AWBC American West Bancorp RMTR Ramtron RURL Rural/Metro IPGP IPG Photonics PMTI Palomar Medical Technologies CSCX Cardiac Sciences CHS Chicos FAS CLXS Collexis Holdings FOLD Amicus Therapeutics ALLI Allion Healthcare VVUS Vivus BSX Boston Scientific FIRE Sourcefire AUTH AuthenTec ETF Setups (Click on Symbol for Annotated Chart) FXY CurrencyShares Japanese Yen IAI iShares U.S. Broker-Dealers QLD Ultra QQQ ProShares TWM ProShares UltraShort Russell 2000 UYG ProShares Ultra Financials GSG Commodity iShares USO United States Oil Fund GLD streetTRACKS Gold Trust IYT iShares Transports ITB iShares U.S. Home Construction DXO PowerShares Crude Oil Double Long Short Setups (Click on Symbol for Annotated Chart) CHD Church & Dwight BDE Bois