The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday.
As I noted in the first subsection, declaring a new, multi-year bear market at hand is premature.
Thus, it is worth keeping a list of certain stocks and sectors which have thus far been displaying impressive strength. Several growth names in the energy patch have seen buyers support them with vigor during this broad market correction. If, and only if, that continues to be the case, it is worth having these issues on your watchlists for long ideas should the market stabilize anytime soon.
FANG FTK MTDR TRGP are all basing nicely within the context of uptrends and have fairly impressive volume patterns, to boot.
As the correction develops in the broad market, it is instructive to maintain a list of stocks and sectors which remain resilient and do not, in fact, succumb to the correction.
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