With the market in correction mode, not much to update. Bounce opportunities are available, but you must have zero loyalty/emotional attachment to be successful at these. A bounce indicates the stock was recently falling. That implies a bounce will fall right back down, if not lower, than where it bounced from. If you buy thinking you are special and can predict bottoms because, “it is so low, it can’t go any lower,” then you are not likely to have a long tenure as a trader. The overall market direction and sector direction will usually dictate the stock direction, so keep that in mind with any bounce trades you are apart of.
Cheniere Energy (AMEX:LNG) Bounce Trade Opportunity
Updates to Exelixis (NASDAQ:EXEL) Biotech Trade
