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Trend still negative, despite early bounce

Overall, Minor bounce in equities continuing this am in Europe, Asia and in US Futures, but structurally the trend remains negative for US given the pullback earlier this week and until we can see prices regain trendlines which were broken, it pays to consider selling into this bounce-   Not much volatility this am in either US Dollar or TY Yields , and most are watching the developments ahead of the key Healthcare vote-  A defensive stance still looks preferred, and buying Utilities looks to be right in the short run while yields are pulling back and near-term momentum is negative for stocks-   Support on pullbacks lies near yesterday's lows- 2332-3 and then 2324-5, with 2308-10 not out of question before this bottoms out-  On the upside- 2350-2 area remains important as resistance near where stocks broke down from and a logical place to consider selling dips-  Premkt gainers:  BEBE, DHT, FIVE, PVH, FEYE, EGLT, SNAP, RACE, CHK and on downside-   KEYS, ACN, QUIK, RARE, OEC, HTBX-  Let me know if you have questions