Let's See if It's in the Cards

The credit cards, that is.

My Visa short, seen below on the daily timeframe, is off to a solid start, as the highlighted bear flag looks to be breaking below. I will consider an add if the weakness holds after the Fed events later today. 

As for the broad market, we are seeing some mild weakness, with names like BABA GPRO failing to stage snapback rallies when they probably should be. I decided not to swing GPRO overnight, as I posted into the bell yesterday, to avoid this type of sluggish action today. 

Crude oil continues to drip lower, making UWTI a tough play as longs from higher levels are being slowly smashed to pieces. 

And RAD is a bright spot, a multi-year winner and acting quite well this morning. 

The final piece of my GOGO long is still threatening to squeeze shorts again, while I am close to cutting my coffee long (JO) if there is no upside movement soon.