The market is taking a hit from the weaker than expected GDP growth reading this morning.

Keep an eye on crude oil to determine where the averages are going. We've had some stabilization in crude this morning after yesterdays monster rally. I still like anchoring fibonacci retracements on the high/low of the September crude futures contract. As you can see, prices have stalled at an interesting level.

With the volatility that is taking place in all things energy, it might be best to look for a less volatile group, or stock to trade. In fact, you might consider trading ETF options for a while to get less volatility, cheaper options, and a more liquid options market. If you still like energy, try XLE or OIH as opposed to an individual stock. Speaking of which, both are getting manhandled this morning.

If you are looking to play a few hot groups at the open, you must keep an eye on solar and agriculture. I think there might be a few good dip opportunities for solar stocks if the market stabilizes, and if it doesn't- agriculture looks to be having a hard time holding on to yesterdays gains. Long Biotech/Drugs and short Tech are also a few good themes this morning.

I will add a few charts later this morning once prices have stabilized.