Most of the "major" banks seem to be holding up relatively well today (thanks to WB's multi-billion dollar mistreatment of perfectly good capital), but only by small change. The list I provided yesterday produced some amazing movements early on (SLF, XL, ZION, ACE, FAF), but most of them are a few percentage points off the lows. Legg Mason is the only candidate from that list blowing up today (+4%). Other than that, the list has been money, and should continue to bang out profits.

It also appears that the casinos have run out of steam, just like I said they would. I still prefer LVS and PENN against WYNN, and you can also add MGM to that list if you'd like.

Going back to this weeks watchlist, most of the "sell the rip" candidates are made up of retail, casinos, solars, and Belden Inc. All of which are performing very well. Looking at the bullish side, FCN, SII and CALM are up against resistance looking to breakout. Not to mention, IBKR is offering a nice dip here before it tests the highs.

This weeks list was fairly decent, considering the fact that the averages refuse to move. This is day three of a weak tape, so you should feel privileged to be making money here. From the sounds of it, not many are.