The Futures Ain't What They Used to Be

After reversing the reversal of a reversal (probably off another reversal) off the futures last night, the cash market today is back in the red as I write this, with small cap stocks leading lower. 

Bears likely need to start pressing soon, or we are likely to see yet another late-day bump, as we have been seeing of late. Overall, the market is short-term trendless even as the intermediate and longer-term bull trends are under heavy pressure. 

In the cybersecurity space today, FEYE is a glaring laggard again, while CYBR and IMPV outperform but are not overly compelling charts for longs, themselves. 

Headed into the afternoon, I am looking to see if housing retail giant LOW (under $68) follows the likes of SHW lower. SHW has been a recurring short idea for Members since it topped out in the early-summer months. Also note homebuilders themselves took a hit this week after holding up well, especially after LEN earnings.