In a Lonely Place

I have spent the better part of this week toiling away at refining the running list of names holding up and acting best in this mixed market, without putting fresh capital to work, just yet. As I noted earlier, despite the chips rallying hard today we have yet to see the rest of the tape become truly excited by the likes of INTC LRCX TXN XLNX. 

That said, on the 15-minute intraday chart of QQQ, ETF for the top-100 Nasdaq stocks, below, if bulls can push up through $163 into the bell the setup or a gap-and-go higher day tomorrow should not be discounted. In that event, we have a basket of stocks to turn to on the long side. 

Also note OSTK, the controversial retail play with heavy crypto exposure, which happens to be one of the most shorted names in the entire market, is squeezing over $15 today. It has been over a year since the crypto bubble came apart at the seams, and I would not be surprised if beaten-down, high beta proxies like OSTK enjoy a reprieve.