Going through 1000s of charts last night, there was a common theme amongst the group, topping patterns. Today, however, there was enough blood to buy a few names for a relief rally.
The bulls are fighting for the 200 day moving average, which I feel over time, meaning this month, will be lost. For now though, buy the blood in your favorite names, or to be specific, names that are oversold.
Here was an oversold list provided by Exodus this morning, all backed by statistical data, which gives us a great place to start our research when looking for a relief rally:
_____
In other news, I’m closing on a new home today at 4:00pm. The UHaul will be packed tonight, and the move will happen tomorrow. I will be out of pocket as I make this transition to my new “castle”, as my daughter likes to call it. Utilities are scheduled to be installed tomorrow, so by tomorrow night I should be up and running.
While I’m out, go buy something. I, personally, like the MHR here.
If you enjoy the content at iBankCoin, please follow us on Twitter
Congrats RC! New construction?
no, just bigger before the new child arrives. My next home I will build. Happy to leave this little starter home.
Congrats and good luck RC. All the best in the new place.
Best of Luck and Life in the new digs.
Congratulations good sir. I would help you but move, but only if you moved to cali. Lolz
Good for you RC. You’re living the good life. Take care.
Don’t worry, RC, you haven’t missed anything in the market!