The market seems prime to bounce, which is a good reason why you don’t see me rushing this morning to sell my long position in QQQQ to regain my short bias. However, things can always change on the spur of the moment, so I must remain on my toes.
I’ve got for you the daily long & short setup below. If you want to play the inevitable bounce, Visa (V) isn’t a bad way to go, and tends to be crowd favorite when we get those strong bounces.
LONG: Visa (V)
SHORT:Nu Skin Enterprises (NUS)