Marketbeat Lunch Update: Friday Aug 22nd

Good day traders! Well the markets opened up higher this morning with the ES (S&P E-Mini Futures) opening up near the R1 Pivot. The market has slowly crept higher intra-day sitting near the highs as of this writing. The internals are backing up this move with the NYSE breath sitting at 2.4 to 1, and the NASDAQ breath sitting at 3.8 to 1. With the market taking a little breather at the 11 o'clock reversal period. Commodities and Gaming are looking weak today with brokers, builders, and tech moving higher. Core Sector list 12 over 4 to the bulls.

Some stocks im watching are:

• AMZN - Gap up today, nice trigger for swing bounce play
• WYNN - Diverging from other gaming stocks today, starting to fill in right shoulder in H&S pattern
• NIHD - H&S right shoulder continuing
  

Pivot Points:

• ES (S&P e-mini futures) - PP: 1273 / R1: 1283 / S1:1265
• NQ (NASDAQ futures) - R1: 1926 / S1: 1886

Daiz'on End

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