Update 12:24 : Just bought some QQQQ and DIA on the long side. This is a counter-trade going against my market timing system but the market appears extremely oversold and bearish sentiment is very high. The difficult trade here is to buy anything long. 3 stocks that I’m really focusing on are BIDU, CPNO, ISLN
Just wanted to tell you what I’m seeing on the markets. One of my main indicators is very stretched as far as downside momentum and now could be the time to start adding some longs that you may have been watching. As for now with my main indicator remaining bearish, these purchases would have to be considered trading shares until the longer term shapes up. I haven’t bought anything at this time but my watchlist of longs are as follow. As always, do your own research and always check the earnings date for any surprises.
CRM EW CPNO SO BVF IDT SATC TIBX VRX IHS VGR CRUS ARUN CIB VMED ROVI PWER PANL CHRW FFIV NTAP VMW RVBD ISLN LFL BIDU CTSH HLF MIPS OPEN
With the gap up in TLT today, it would have to pullback before I enter that trade now. Seems like I wasn’t the only one watching that.
