Here's the chart; SPIKES IN 1-MONTH LOWS.
The hardest part about these quick sell-offs is finding stocks to buy that are technically set-up properly. The easiest thing to do is to buy the indices. You won't miss the bounce if you buy the SPY, QQQ, DIA, or IWM, and if you have some index ETF exposure you won't feel like the market is running away from you, your back won't be against the wall to put on some positions just to keep up with the Joneses (SP500). The index ETF's will give the necessary exposure you need until stocks technically set-up again which can be days to weeks later.
I only have a few stocks on my swing trading watch-list today, it looks like my index exposure will have to do for now.
I have an interest in the stocks above if and only if they can get through yesterday's high plus .10 cents.
STOCK OF THE WEEK RECAP
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at fzorrilla@zorcapital.com or 646-480-7463.
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