Opening Take on the Wintry Coliseum

We have a mixed tape in the early going, with big moves lower in JAKK and rallies in GOGO (off the Delta - DAL - news, but earnings are tomorrow) and EYES catching the interest of momentum traders. 

Oil is also squishy at $49 as we near the EIA inventory report any minute now. My positions are mixed, too, with AKS and ERY in the green but BTU in the red. However, my theses for those trades remain intact, which is why I am retaining them. UNG and UGA, as well as silver, still have my interest on the long side if they can sustain strength throughout the morning. 

And HPQ is at an interesting monthtly chart technical juncture, seen below. After being left for dead in 2012, the mature tech stock staged an impressive comeback only to find overhead supply at the $40 level (light blue line). Now the stock is at the support trendline (lower purple line) of its multi-year uptrend. If bulls cannot defend the stock into the end of week/end of month here, I expect HPQ to just be getting going to the downside for a much deeper correction.