The market is showing an upward bias at the moment with commodity and financial stocks leading the gains. Let's take a look at what is working on the long and short side of the market.


HMO Plays

: Shares of





(CI) - Get Cigna Corporation Report





UnitedHealth Group

(UNH) - Get UnitedHealth Group Incorporated Report

are all nicely higher on the health care talk coming out of Washington.

Image placeholder title



Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. (GS) Report


JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. (JPM) Report


Bank of America

(BAC) - Get Bank of America Corp Report

have taken the early lead as traders like the feel of these names today on the long side.


(BLK) - Get BlackRock, Inc. Report

is showing signs of bouncing as well.

Commodity Plays


Freeport McMoRan

(FCX) - Get Freeport-McMoRan, Inc. (FCX) Report


BHP Billiton

(BHP) - Get BHP Group Ltd Sponsored ADR Report


U.S. Steel

(X) - Get United States Steel Corporation Report

are all showing signs of working off the recent slump.


(AZO) - Get AutoZone, Inc. Report

: Bouncing higher on news of the company's share buyback initiative.



J.M. Smucker Company

(SJM) - Get J.M. Smucker Company (SJM) Report


Discover Financial Services

(DFS) - Get Discover Financial Services Report

are both trading higher after reporting results.


: Shares of





(PEP) - Get PepsiCo, Inc. Report


Procter & Gamble

(PG) - Get Procter & Gamble Company Report

are doing well here.

TheStreet Recommends


(FDX) - Get FedEx Corporation Report

: Trying to recover after yesterday's poor guidance. Contributing to the rise in the


(IYT) - Get iShares Transportation Average ETF Report


Intercontinental Exchange

(ICE) - Get Intercontinental Exchange, Inc. (ICE) Report

: Seeing a pop so far today.



(TLT) - Get iShares 20+ Year Treasury Bond ETF Report

: Trading lower today. We missed entering this trade yesterday and have avoided shorting it still this morning. A missed opportunity, but if readers did execute the move, we would be lowering the trailing stop to lock in more of the downside profitable move.


CF Industries

(CF) - Get CF Industries Holdings, Inc. Report




continue to struggle today, following yesterday's sector drubbing.

Gold/Gold Mining

: Weakness in the

SPDR Gold Shares

(GLD) - Get SPDR Gold Trust Report

and mining plays we follow --

Agnico-Eagle Mines

(AEM) - Get Agnico Eagle Mines Limited Report


RandGold Resources

(GOLD) - Get Barrick Gold Corporation Report


Silver/Silver Mining

: Weakness in the

Silver ETF

(SLV) - Get iShares Silver Trust Report


Pan American Silver Corp.

(PAAS) - Get Pan American Silver Corp. Report


Silver Standard Resources Inc.


. All of them are down on fairly heavy volume.

Traders are leaning fairly long right now and are a bit frustrated with the market's inability to head higher this week. We had been cautioning for the last week that the market may need to consolidate and we are seeing it here. Options expiration is also adding another layer to the equation as well.

We are closely watching tech here --


(GOOG) - Get Alphabet Inc. Class C Report



(BIDU) - Get Baidu, Inc. Sponsored ADR Class A Report


Shanda Interactive




(AAPL) - Get Apple Inc. (AAPL) Report

. We believe these names may offer some good short-term upside once the selling is out of the way.

Stay disciplined and do not force a trade if you are not seeing the proper risk/reward set-up.

Be sure to visit our complete

recommended list of the Best Dividend Stocks

as well as a

detailed explanation of our ratings system


At the time of publication, the author had no positions in stocks mentioned, although positions may change at any time.

Tom Reese and Paul Rubillo are senior editors of Visit for more dividend stock ratings, picks, news, and analysis for long-term and income-seeking investors.