This list of ‘charts I’m watching today’ is long but far from comprehensive. Starting out with the broad markets, I’m still awaiting a break below 2865 for a minor sell signal on /ES and 7519 on /NQ as the divergences continue to build. 60-minute charts:

On a closely-related note (due to the correlation between crude & the stock market), I’m awaiting an impulsive break below 61.55 on /CL for the next sell signal on crude oil. 60-minute chart:

CL 60-min April 5th

CL 60-min April 5th

CORN is starting to look sweet following the recent false breakdown/stop clearly move & divergent low while DBA still looks like a nice “one-size-fits-all” addition to diversify one’s portfolio by adding exposure to the increasingly bullish agricultural commodity arena.

CPB (Campbell Soup Co.) is starting to look mmm, mmm good following this breakout above the primary downtrend line following the divergence low & would look even better on a backtest of the 36ish support level. CPB on watch as a potential Growth & Income Trade idea.

CPB 2-day April 4th close

CPB 2-day April 4th close

Five of the six auto parts stocks that have been recently highlighted as long-side trading opps have either hit their first target (resistance) yesterday or are close & will likely hit them today. As such, the odds for a reaction here soon is good, followed by another leg up to the next targets.