CGNX - This is an ugly inverse head and shoulders pattern developing. The stock is bounce off the 50ma with regularity. I'm not extremely hopeful for a powerful breakout based on its decreasing volume but the the lack of overhead resistance might make a breakout possible if the market is strong.
XLU - This ETF trades off the utility sector. Today's action bounced off resistance. Looking for a breakout. I've included the sector's index which this ETF trades from.