I am in cash at the moment but paying attention to pockets of strength.

Gold is showing strength, GLD is on track to form a pocket pivot today along with cousin instruments DGP, DGC, UGL.

These leading stocks may show pocket pivots at the end of day:
CMG, NFLX, SINA, FRX, SWN, HAL, VRX, BHI.

TZA, RWM, TWM, SRTY, RTSA (small cap inverse ETFs) are also showing pocket pivot action.

Pocket Pivots as defined by Chris Kacher (Dr. K) are when a stock bounces off of or trades up through the 10-day or 50-day moving average with volume greater than the largest down volume over the prior 10 trading days.