Just for $TWTR fans: $TWTR surges almost 6% ($2) so that those who bought at $52 are only sitting on a 30% loss

• For investors: $TWTR faces major upside resistance.  Don't touch it unless it fits into your trading plan or unless you see some upside momentum because there are better investments out there.

$VIX shoots up like a bottle rocket into a resistance zone $VIX $SPX $SPY

• $VIX and the market as defined by $SPX and $SPY are negatively correlated
• 

Trading Plan - Today's market drop reinforces why your trading plan is important $SPX $SPY $DJIA

• Your trading plan should tell you what to do not only when the market is rising, but also when it drops
• Remember that the market always goes down faster than it goes up
• Your reaction to the market should be automatic
• If you find yourself paralyzed not knowing what to do your trading is not working
• If you find yourself thinking too much about your next move then you need a new trading plan
• Here is an example of a trading plan rule:
•  Identify support and resistance levels.  Exit 50% of your positions if the market falls 1% below your 1st major support level.  Exit the remaining 50% if it falls 1% below your 2nd support level.
• If you followed the above rules you would exit 1/2 of your positions at $201 and 1/2 at $198.
• You should also have rules to tell you when to enter the market which could be the opposite of the above or whatever rules that work for you.
• The above is just an example. Your trading plan and rules should fit your investment style and personality.
• Happy Trading!

$SPX falls out of the cloud with major support looming and a break below it will be wearisome

$FDX is at a support level in a bullish uptrend

$XLE is trying to stabilize around support

$UAL may be at a support level after falling over 20%

Dividend paying stocks like REITs and Utilities are declining due to rising bond yields

$AAPL is trading sideways in a support zone

• Future cloud is flat illustrating flat trading
• $AAPL is bullish overall so this may be an opportunity to pick up some shares if it fits your trading plan

$TWTR has been inching downward, but may have support around $34

• Thick future bearish cloud implies very little upside in the near term

$BABA falls below support and the cloud and faces major resistance

• Sentiment is bearish
• Major resistance around $86.41 and $92.50

Oil is trading sideways with a future bearish cloud

• Thick future bearish cloud implies that there may not be a lot of upside in the near-term

$VIX is right at an initial resistance level with a thinning future Kumo

• 200-day EMA is the next level of resistance
• A cross of the 200-day may lead to a decline in stocks
• Investors should be watchful of their portfolios and be prepared to adjust if necessary

Divergent performance of $DJT weighs on $DJIA

$UGA is bearish with a think future Kumo waiting indicating resistance

$XLF in support zone which may be a buying opportunity since overall trend is bullish

$VNQ reaches support zone

• That's the only compelling reason to buy if you must have real estate in your portfolio
• The overall trend for $VNQ is still bearish

$IWM reaches support zone after 3 black crows

• Although 3 black crows are a bearish candlestick patter, the overall trend for $IWM is bullish
• Aggressive Investors can treat this as a dip and scale in when price is in the support zone
• Nimble investors should wait until a bounce off support to ensure 3 black crows are not a trend reversal

$DIA is trading sideways

S&P 500 falls to support

$MCD is showing bullish signs, but caution is advised due to flat future Kumo

$RVX indicates $RUT and $IWM may have peaked

$VIX may be setting up to rise since future Kumo is thinning

This is bearish for the market.

$QQQ is bumping up against resistance

Investors should protect gains by tightening stops.

$IWM may have reached resistance at 128 and could be overbought

• Investors would wise to tighten stops in case of a pullback
• Investors waiting to jump on can target a price below 127 while keeping initial support in mind which is around 126

Let's see if the $DJIA bounces off support around 18,000 next week

$XLF pulls back in a bullish uptrend

$XLK pulls back to support, but overall trend is bullish

$XLP breaks above the cloud, but future Kumo is bearish

Caution is advised.

$XLE is at support and offers a potential counter trend trade

• This could be a potential counter trend trade with resistance at 78
• With a stop at 75.33 it has a potential 1-to-3 risk/reward ratio

• 

$XLI has been in a consolidation trend since November

$XLY reached some resistance right below 78

$XLU bumped up against resistance and may be moving downward toward support

$XLV is bullish so wait for a pullback to enter

$XLB is trendless

• Trading within the cloud
• Very tight support and resistance

$BABA is at a support level and could bounce, but keep expectations low

There are better opportunities out there and there is strong resistant at $92.50.

$VNQ is near resistance and may be a good short opportunity

• With the Fed raising interest rates albeit gradually $VNQ is bearish
• With $VNQ near resistance the rally may be short-lived creating a shorting opportunity
• Stop loss at 79.61 results in a risk/reward ratio of 1-to-2.15

Year-to-date performance of major airlines $DAL $LUV $AAL $ALK $UAL

$LUV turns up and has a potential of a 1-to-3 risk/reward ratio

• Airlines are turning up and $LUV is no exception
• Price is currently at around major support at $34
• Next resistance levels are at $36 and $38
• A risk/reward ratio of 1-to-3 at the current price of $34.22 equates to a stop at $33.63 and target at $35.99
• A trailing stop can be used also

$DAL gaps up from major support to the next support/resistance level

• Traded around major support at $40.39 for 9 bars
• Gaps to $41.99 which was resistance and is now support
• Next resistance level is $43.47
• A 1-to-3 risk reward ratio exists at the current price of $41.99, stop loss at $41.49, and profit target at $43.47
• The stop is tight since $DAL is below the cloud
• A trailing stop at $0.49 can be used to ride the upward trend

Airlines may be getting ready to bounce up

Airline index is at support which seems to be strong around $217.

SPY Ichimoku Cloud Multi-Timeframe Analysis

$BRENT oil is currently trading in the $64-$67.5 per barrel range

$GOLD, $SILVER, and $COPPER are underwater

$XLY trades in a tight channel

$UGA Gas prices are steadily rising

Weekly Unleaded Gasoline Spot Price

$UGA Weekly

$AAL is in a bearish state of mind

$DAL seems to have support around $41

Look for a close above $42 for upward momentum

$BABA tested $92.50 and failed

$IWM reaches decision point with resistance at $126-$127 and Doji