Oversold List
GREEN!!!!GREEN!!!!GREEN!!!!
Headfake or just an oversold bounce.....I hate to say it, but I feel it's not going to be sustainable....Looks like it's going to be a short term sqeeze on the greedy shorts who forgot to take profits yesterday....A small rally could be on it's way.....I give it three days and it falls apart late Thursday before the PCE defliator(I Think thats what they call it)...
Here's what I'm watching today....All of these stocks are in the most beat down sectors recently, but had a Relative Timing 2 weeks ago above 1.35 and had a red day yesterday....
Sectors are Transports, Steel, Petroleum, Paper, Mining, Metal, Financial, Chemical
$COSTAverageMAN
GREEN!!!!GREEN!!!!GREEN!!!!
Headfake or just an oversold bounce.....I hate to say it, but I feel it's not going to be sustainable....Looks like it's going to be a short term sqeeze on the greedy shorts who forgot to take profits yesterday....A small rally could be on it's way.....I give it three days and it falls apart late Thursday before the PCE defliator(I Think thats what they call it)...
Here's what I'm watching today....All of these stocks are in the most beat down sectors recently, but had a Relative Timing 2 weeks ago above 1.35 and had a red day yesterday....
Sectors are Transports, Steel, Petroleum, Paper, Mining, Metal, Financial, Chemical
$COSTAverageMAN