Mixed Start

BNI was ripe to sell at the open. The stock has lagged behind its peer group and if earnings and a decent open in the broad market can't propel it higher, then I don't know what will. It has since come off strongly. GOOG is holding solid here and showing further relative strength. I'd buy it for a trade on the day. Two days relative strength makes me think twice about the two days of weakness it had after earnings. ZMH is stalling out as is OSIP and OSTK. Pharma (the PPH) was solid on the open and is holding steady but not moving too hard to the upside.

Financials are fluctuating back and forth from slightly up to about a percent down which is a negative in my opinion. That action seems to be holding the market back from really turning up the heat. If they turn strongly positive and can hold (which has not been the case as of yet) then I might say get long for a trade. There was a good entry in the financials around 21 to 21.40 after the XLF's downtrend broke. The market has since faded a bit.

I'm looking at ESLR. That stock gaps up on news and then not too long after gaps right back down. Well, now its a couple days after gapping down and it looks to be slowing its decline. I think it's a pretty good risk reward setup-10% or so upside and stop out not too below. I'd wait on good entries, it can be a good trading vehicle as well.

Lastly, LO is always a decent bet when it's down 2% on the day which it is now. The 2.5% down has been like a floor on most days and it always seems to come back to life later on. I'd watch it close and take a good look at entering into that on the long side.