John Carter Analysis: SPY, AAPL, GPRO, MBLY, LNKD & VMW

In today’s market update, we're reviewing the action to start the new quarter which has been exceedingly volatile. Although start of quarter buying is usually a reliable bet, the market saw a flush in the other direction. Fridays's employment numbers could provide a catalyst for a reversal, but for now the short-term trend is clearly downward. Taking a look at individual names, AAPL is a stock that is holding up better than the markets. GPRO has continued to rip higher regardless of fundamentals, and we're focusing on price action with moves to the 21-ema on the intraday chart as areas of potential entry. Stocks that are ignoring the market should be focused on for long setups, for example MBLY. Short setups I'm watching are LNKD and VMW. LNKD has come down already but has consolidated sideways and is setting up to potentially break lower, while VMW is attractive for selling call spreads.