Any Port in a Storm

With the day-to-day swings and rotations we have seen, so too, by inference, do the seemingly correct plays of whether to place your money. Overall, we remain rangebound, as the Nasdaq-100 ETF daily chart depicts below, between those light blue lines. FEYE and TWTR are getting some cheer from longs who have likely been tapped in those names for a while. But they still remain damaged charts, with TWTR reporting tonight and FEYE next week. UA is reversing lower to red as I write this, but still remains as impressive as any leader in the tape. And GMCR continues lower in its downtrend. As far as fresh money trades for me, I see oil is stemming the tide of yesterday's sell-off. I have a few little short squeeze plays on my radar in the energy patch, such as BAS. But, once again, these are damaged charts which means they are usually only good for quick scalps. TLT is also at an interesting spot here, where I may consider a short attempt below that 20-day moving average.