A great man once said, “It’s fun to play momentum until you get slapped in the face with it.” That is exactly what happened to me the past few days as I was left holding the bag on a few names.
The market is sick here, and needs time to heal. Just last week my watchlist was filled to the top with great looking setups, and today? Little to none. No sense in trying to rush any trades here, but if we do get another deep sell off I will be jumping into my favorite leveraged ETF, based upon the mathematical scores in The PPT.
A few names I want to accumulate on this dip: $SGY, $CCME, $GMCR, & $YGE.
For now, it’s multiple sandwiches in between sets of deadlifts. And, possibly a new 12631 video. Stay tuned.
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Gold stocks setting up. A lot of good charts in the sector.