Energy names are leading the day today with the $OIH and $XLE leading the way for the bulls. I’m eying a possible position in $DNR, and also like $SM, $REXX, & $OAS.
The action in the overall market looks terrible, but I’m still seeing pockets of strength which prevents me from hitting the panic sell on current positions.
When in a bull market such as this, I find it (most of the time) beneficial to wait for the close before making any rash decisions on swing trades– so I will do just that.
If this selloff does indeed turn south or the speed changes, I may trim down a few positions. It always helps to have a hedge in the portfolio, mine is $BIS. We are long from 31.92, and I have no intentions of selling it.
Here’s a look at today’s hybrid movers, however only those with positive free cash flow:
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Need a bounce and need it now, STEP UP buyers.
that $DNR is off
nice rotation into energy, bulls needed that big time
indeed. Things are starting to cultivate.
praying its short lived. need lower energy prices
VDE……….+1.22
GPRO…….+1.12
VTI…………-1.56
MSFT……..-3.36
So goes January, so goes the rest of the year and that’s why I am only interested in beat down companies. Otherwise, money will be lost trying to time the market.
Love it.
BIS……. +8.7%
CHK….. +1.7%
DNR….. +1.5%
BABA… -1.2%
AA…….. -1.9%
ASTI….. -2.3%
FSLR…. -1.0%
LNKD… – 1.8%
LOCO… -1.3%