As mentioned in
earlier articles, when the top tier leader stocks are peaked out,
we look for laggards in the sectors as the last bastion of money flow. The bird
flu stock ( BCRX | Quote | Chart | News | PowerRating) has been on a next leg breakout tear lately. This leads us
to looking for a reasonable laggard play. ( NVAX | Quote | Chart | News | PowerRating) is another bird flu play
that has been basing the stinky 5’s support levels for 5 days and setting up a
daily pup and mini pup pattern. 4.40 is a solid support on NVAX with upside to
daily upper Bollinger bands 4.80 x 5+ prior gap fill highs.

As far as the general market is concerned,
earnings will likely dictate the pace. The key levels to pay attention to on the
Nasdaq 100 eminis is the 1760 which is the daily 5 x 1721.50 the daily 15s. If
we can’t break back over the 1760 then a tightening to the daily 15 is likely
setting up. Filter tightly in earnings season. I will go over gapper/dumper
setups in the next article.

Jea Yu