John Carter Market Analysis: QQQ, IWM, MMM, KO, CHRW, TLT

The QQQ looks like it is bumping up against resistance and is a good opportunity to take some off the table or sell call spreads. The only index that really gives Carter some concern is the IWM Daily Chart as some sellers appears to be stepping in. The IWM is watched as a first mover and buying puts may be a good idea as a hedge. Transports look a bit overextended as well. Carter is holding onto longer-term longs in the Transports and shorter term taking some profits. He is still holding onto the August MMM call options. Coca-Cola continues to have a powerful Monthly Squeeze, but a little pressure on the Daily. C.H. Robinson Worldwide is another Monthly Squeeze play and Carter is holding the November position. Finally, he reviews levels in TLT.