The market still has a lot of work to do but we are seeing some better action recently.
The Nazzy has bounced mainly due to some short-covering and dip buyers stepping up. Still, a ways away from its 50-day moving average, but you have to start somewhere.
I added BROS as a new long today. Broke out of a falling wedge a couple of weeks ago, now flagging bullishly.
I mentioned TECK as a setup last night and today It broke resistance so watch for a follow-through higher.
This morning I mentioned FB as a trade idea from an oversold bounce. It popped $11 today.
Another possible oversold trade bounce, similar to FB would be PYPL, so take a look at that one in the morning. It’s been murdered. Stop around 117-118 if you play it.
P&L here