Headed into Tuesday’s session, further strength in the tape would see me looking at Goodrich Petrol Corp. as a long idea, out of the high and tight daily chart bull flag seen below. I may pair this off with an ERY long (triple-short the energy stocks) if profit-taking sets in for the energy sector as a whole, given that it is a now-famous rotation beneficiary.
I am also looking to see if the precious metals and miners can follow-through on Monday’s late-day upside reversal, especially the junior gold miners. If so, JNUG NUGT are back on my radar, perhaps even the lowly silver long ETF’s, too.
Drop me your top tickers overnight.
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Extra good picture.
Italia
Amazing how bad the Nikkei is trading in 2014. Fucking zombie.
The IBM or AAPL as a country.
Chess, which restaurant in the picture?
Good question…