Waterfall Down; Opportunities Ahead

The morning swoon is holding into the afternoon here, as small caps continue to flash a red warning light. I will flesh this out more for Members in my Midday Video, as volatility is finally starting to perk and apparently not fading, just yet. 

However, we should not become too morose over this selling, as opportunities for names we have been patiently waiting to buy may very well come to fruition.

The materials miner CLF, on the first daily chart, below, is one such example, As is retail growth up-and-comer, OLLI, second below. 

Note that the likes of AMZN cannot always be leading the tape. So, even if there is a chance Amazon cools off a few weeks, if bulls can meet their burden of rotation we want to pay close attention to the likes of CLF for a lower risk entry into this consolidation.