The Wrap 6/4/12-Stocks That May Have Had Their Crash

{+++}This tape is still dangerous guys, so in an effort not to randomly pick a bottom in stocks right here, I have looked for names, most that I have traded in the past in similar situations.

Many names are now oversold and their technicals are in the dirt, some may have put in their own bottoms. The action today was better, but by no means is an all clear to buy. What will get me bullish is some type of coordinated solution in Europe. That could happen soon, but more pain may be needed first.

Here are some names that I am looking to enter that meet that criteria. My strong recommendation is to phase into these names as the tape is still dangerous. Smaller starter positions. When the tape turns there will be plenty of time to get long. Right now though is not bad time to start small positions.

Crude long-UCO
Crude long-UCO

 

QSII
QSII

 

XME
XME

 

 

 

 

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