We have a correcting market, while certain names are green, and the most telling is IBM. While the market should be correcting, this mofo is breaking out!
Some interesting set ups:
ATI - Oversold, and near lower end support. I was surprised to see the weakness yesterday, considering the aerospace industry trends. But an interview with the third largest lease operator CEO may have explained it. He puts into question the recent orders from emerging market airlines. Although, I was kinda perplexed by his comments because emerging market growth is where the vast majority of economic growth is coming from. So from a macro-economic perspective, the orders make sense.
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