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It remains to be seen how far this little sell-off takes us down, but 2 sectors that look strong to me are the Oil and Telecom sectors. Both have broken out of areas of congestion and their 60 minute charts are very bullish. As long as these can stay above their respective levels of support indicated by the top of the box, when/if the Nasdaq bounces and starts to head higher, then I would look within these sectors for leaders. Pay special attention to the italicized words.
Leaders in oil I like: RIG TDW
