On Wednesday, we will be watching Dickââ,¬â"¢s Sporting Goods (DKS) for a Sinker reaction move to Tuesdayââ,¬â"¢s Fast Ball/Line Drive move to new highs. The key to at the potential retracements will be in the volume. So a close look at the early tape and the retail sector should offer a clue as to the efficacy of the setup.
We will also be looking at Lennar Corp (LEN) and Ryland Group (RYL) if the homebuilders (HGX.X) find strength again.
Precision Cast Parts (PCP) will be on the radar for a move in either direction on Wednesday, as the stock shows promise for a Fast Ball follow through, but is positioned at multi-year highs and seems to be a good post expansion sinker candidate as well.
Dickââ,¬â"¢s Sporting Goods Inc.

Lennar Corp

Ryland Group

Precision Cast Parts

Adrian Manz is the author of Around The Horn: A Trader's Guide To Consistently Scoring In The Markets and is co-founder of TraderInsight.com. Email him at adrian@traderinsight.com.