Two Different Horses in the Race

Working through the mid-day portion of the trading session, here are two separate ideas, a long and a short. 

PACB, on the first daily chart, below, is one of the "cleaner" biotech charts out there, price basing tightly to compliment a strong buy volume pattern. If the market rallies back to green today I suspect this one should do well. 

And AXP continues to be a perennial short idea for Members, as the credit card brand has taken a hit in recent quarters and failed to adequately recover. I suspect, much like IBM, many trapped longs from higher prices refuse to acknowledge the deterioration here and will eventually be panicked out of the name much lower from here. 

Be sure to see my full analysis of the market, packed with ideas, for Members in my Midday Video coming up soon.