The Non-Farm Payroll numbers are due out at today at 8:30 am, this could be a market moving event and or perhaps will serve as a catalyst to resume the recent trend or as a direction changer. No one knows.
What I do know is that the selling has not been intense, and a lot of stocks are down multiple days in a row (3 or more) sitting on top of what can be possible support. If the market can start moving higher many stocks will offer great risk reward trades for the short term.
TNA, TQQQ, HLX, FMSA, BTE, YRD, CENX, PAH, NOW, AVH, R, SUN, PCAR, JCI, MANH, PAY, MPC, PSTG. Normally I only like to get involved in trades if they can get through their previous day high. However, most of these stocks are down multiple days in a row, what I'm looking for is a green candle, that would be the trigger and the previous day low will be the stop.
My opinion and outlook are subject to change as new information comes in.
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