Market Recap

The market still has a lot of work to do but we are seeing some better action recently.

The Nazzy has bounced mainly due to some short-covering and dip buyers stepping up. Still, a ways away from its 50-day moving average, but you have to start somewhere.

I added BROS as a new long today. Broke out of a falling wedge a couple of weeks ago, now flagging bullishly.

I mentioned TECK as a setup last night and today It broke resistance so watch for a follow-through higher.

This morning I mentioned FB as a trade idea from an oversold bounce. It popped $11 today.

Another possible oversold trade bounce, similar to FB would be PYPL, so take a look at that one in the morning. It’s been murdered. Stop around 117-118 if you play it.

P&L here


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