Spy bounced with 124.55 then 125.80 & 127.60 resistance, support 123.40, 122.60, 121.60 MACD cross down possible.

Strong:

BBBY (62, s 61), OSK (s 19.26), NTES (47, s 46), FCN (watch 42), GCO (60), s 59), TEVA (s 38.60), MON (73, s 71), PAYX (42, s 41), FCX (s39), TSLA/AEO/Z (potential earnings gaps).

Weak:

UNH (watch 46), RIG/PRU/WFM (earnings), AVGO, OTVI, LVLT, QCOM (novice potential/both ways).

Economic Calendar:

Jobless Claims
8:30 AM ET

Productivity and Costs
8:30 AM ET

Dennis Lockhart Speaks
8:30 AM ET

Bloomberg Consumer Comfort Index
9:45 AM ET

Factory Orders
10:00 AM ET

ISM Non-Mfg Index
10:00 AM ET

EIA Natural Gas Report
10:30 AM ET

Element Trading
Charles Vaccaro