It started off solid for the bulls this morning but quickly faded as the bears took control and added to Friday’s downside.
I don’t see any reason to buy any stocks at this moment, but as we’ve seen in recent past, the bulls have no problem buying the dip. But wait for them to start doing that, and when it becomes clear that’s taking place, find those stocks that are bouncing off of support after previously breaking out, from the list below.
The oil and gas industry has some great names that are holding up well to the selling pressures and I’d focus on those names first – and as always know the earnings dates for any stocks you consider trading.
[Update]: Looks like they are doing a pretty good job this afternoon of buying the dip 🙂
Here’s the week’s bullish list of trade setups to follow:
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