Looking For Inflection Points

When looking for an edge in effort to find the next directional move, I always turn to the bottom fishing screen inside The Almighty PPT.

When the screen lights up with nothing but inverse ETFs, it’s normally a sign to move to cash or look for shorts. However, today’s results are supporting the buy the dip theme here, with tons of individual names popping up on the screen.

I’ve imported today’s results into finviz for your viewing pleasure, and THE CHARTS CAN BE FOUND HERE BY CLICKING THIS HERE LINK.

Upon clicking the above link you will notice nothing but Semiconductors stocks on the list, which bodes well for the general market. Obviously, it will all depend on who is elected (so they say), but this particular screen is screaming, “Buy the dip!”