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John Carter Markets Analysis: Picking and Choosing Your Spots

A break down in this sector doesn't mean the entire market is going to fall apart.

Stock indexes finally started to show some weakness on Tuesday, following what we've been seeing in the transports for the past several weeks. A break down in this sector doesn't mean the entire market is going to fall apart, it just means you want to be careful with bullish exposure. There will be a few "honey badgers" out there, stocks that continue to do well despite the overall market. Ambarella (AMBA) fits the criteria for this kind of ticker and while we haven't been filled in the closing order for our call debit spread just yet we're in a great position for decay and a bit more upside. Cyberark Software (AMBA) and Medtronic (MDT) were moving with the market, CYBR still looks fine on the daily chart. MDT will be something I'm willing to hold through earnings.

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