What We're Reading

Provided without commentary.   Fee free to add your own.

On down days such as this, one could easily assume some profits are being taken ahead of the Alibaba IPO the third week of September.  Some will look for signs of a market top (as they nervously do each day).  We could also sit and ponder if the dollar strength is weighing or over seas tensions are bothering the market but in truth, it doesn't matter.

Best thing to do is to check your stops, adjust as necessary and take note of just "who" is holding up amongst the selling.  I'm not referring sectors per se or to laggards or beaten up names, but what one could consider leaders with more "room to run" and not being sold first by finds. Funds, after all, know more than we do.

Better to explain it, those who may be seeing selling BUT are stil holding up (green) as eager buyers are there to scoop up what's being sold.  Today, such names to be kept on your radar are NFLX, TSLA, DECK, FB, JD, JKS, GOOG, MDVN, TWTR.

**If** we head higher, these names would be expected to lead.  Of course, i