Just ran my scans.. Here is 5 candidates for scalping.

There was no sell signal because the bulls rallied the markets back up... soon, but in the mean time act as bear but behave as bull.. We will have to sell off from these overbought conditions at some point.

Our NYSE is continuing to show weakness.  Part of our conviction on the market moving down was the weak price action of the last couple of days. Today's morning sell-off followed by a rally back in the afternoon tells us this market is not ready to go down, at least not without a fight.

There were no sellers to see back into the rally.  So between the sellers that panicked at the drop and eventually bought back in, and the bears who started shorting like crazy and covering back like crazy this market had no where to go but up.   Hopefully there is not a fresh batch of bears that sold the close today, or were caught at the bottom.  A gap up tomorrow with a panicked short covering could propel us to a new height.  Hopefully the weakness we see in the new highs and our 10 day hi-low difference (+243 today) which is also down 4 days in a row is real and will manifest itself with a real correction.

The number of stocks above their 40 day moving average is above 85% which is way into overbought territory.  Historically a move of this indicator below its 21 day moving average has generated a successful sell signal.  Today we are closing in on the signal.. Stay tuned..