After a big bounce back rally yesterday from oversold conditions, I'm not looking to press it too hard. We could see the market try a continuation move today and then roll back over to test the bottom of the recent range, so we have to stay nimble.
The beaten down energy sector yielded a lot of bottoming type formations, and they're heavily shorted. But keep in mind they're beaten down for a reason.
Here are a few setups from last night's scan. As always, use stop losses or go broke.
Click on charts to enlarge view.
The beaten down energy sector yielded a lot of bottoming type formations, and they're heavily shorted. But keep in mind they're beaten down for a reason.
Here are a few setups from last night's scan. As always, use stop losses or go broke.
Click on charts to enlarge view.
No comments:
Post a Comment