As the overall market starts to tag oversold levels on the overall hybrid score. Let’s continue to view the 5 day oversold screen within Exodus for trading ideas. Here is tonight’s list:
___Tickers of interest from the screen above include: CELG & TSLA. It’s also worth noting that the biotech index, via IBB, made the list today. Here was the screen from earlier in the week— SCTY, MOS, & SPLK— all still worth a look here.
With both TSLA & SCTY making the screen this week, it looks like Elon Musk is due for a bounce, according to raw statistics anyway.
indeud.
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If i was to pick 1 or 2 momentum trading indicators to watch closely what would you suggest & on what timeframe?
Do you ever trade w/ futures for leverage?
Stay clear of Musk for a while.. The luster is coming off his companies. They were priced to perfection, now they need to be priced for full risk.