Whenever the market stages a sharp selloff it is usually worth noting stocks displaying relative strength.
I discussed the outperformance by tanker TK on Monday. In addition, note the relative strength by PLCE and XRX as well, both seen below on their respective daily timeframes. If buyers immediately stem the tide on Tuesday, typically the relative strength names should fare quite well. In addition, both PLCE XRX have solid overall technical setups, beyond Monday’s action.
That said, I will be back later tonight with short ideas.
Drop me your top tickers overnight.
_______________________________________________________________
_______________________________________________________________
HDGE
You guys rock. The fly is 10x funnier than Letterman and solid on his picks and you send out late night technical analysis when we need it after a big potential game changing day. Thanks mucho.
I don’t see anything game changing about today. It was a mere 1% drop. Wait till the DOW is down about 500 or 600 points in a day then you can talk about game changers.