If (and it is still a big “if,” in my view) all things financial are truly going to sustain a durable capital rotation, then QIWI VOYA, seen on the weekly timeframes below, are as viable as any for long ideas. Both are in uptrends and trying to sustain breakouts higher yet.
And on the short side, I return to the REITs, which still look vulnerable within the context of a downtrend to breaking lower yet. I am considering SRS, the ultra-inverse ETF.
Drop me your top tickers overnight in my comments section.
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considering selling short DRN on a break of 38.29 dont know how many more times its going to bounce from that area thats been tested soooo many times thus far
Great point, thanks John Brown (a Civil War hero!).
also thinking about selling short UGL on a break of 45.60 gold looks weak and as if the bounce was just that from last week.
i have no idea what happens next but seeing momo names reverse so much lately GOOG AMZN CMG and then look at BIDU this week stopping short of its 52 high and you go hmm. tie that with today my screen of 52 highs was 79 versus 28 lows. Yesterday I had 339 NH versus 33 NL…. this after days and days of NH greatly outpacing NL… so i dunno makes me thing this time we get a wash out… and yet, , everytime we come to this point market acts like nothing happened so we will see lol btw great work as always Chess
I bought IPCI a couple of months back. I decided to hold despite yesterday’s mad run, mainly because I started small, but also because I didn’t see any indication of it letting up. I have no idea how to play this kind of momentum, really, but it seems like there are enough other candidates in the pipeline to fuel speculation…
Ummm… but what to make of the fact that yesterday’s volume was more than the listed shares outstanding?
The 30 min chart on GDX makes me think a move up might be worth following… cautiously.
BMRN should make a jump today after being halted yesterday..& FDA approval of drug plus they also have great pipeline of drugs.