If the market bounces further on Tuesday, I like Del Frisco’s as a long idea. We have been on this steakhouse chain for a while now due to its relative strength. The first daily chart shows an orderly pullback of late, attempting to resolve higher. I suggest a stop-loss below $26.
And on the short side, I favor TIF into weakness below $84, as this is yet another consumer play under pressure. The second daily chart shows a descending triangle pattern.
Drop me your top tickers overnight.
_______________________________________________________
_______________________________________________________
Looking at $CBS chart ; many of may calls added today
May be I am reading wrong, Data posted an inverted hammer and oversold, may be a quick bounce to 8 EMA, also DDD oversold is n’t it too oversold?
As another retail short play may I offer $UA. I love the company and missed an easy double since 50-55, but under a 100 I think this can give a good 10% on the downside.
A Silver take would be much appreciated. This thing looks ready for a huge move. Spike or death dump. Thanks.
CORN took a beating overnight. Looking to add on weakness?