Despite Tech stocks getting absolutely crushed today, the S&P 500 nearly closed green for the day. We also had 100+ movers on our Exodus hybrid screen– meaning there was a little buying beneath the surface.
As we do on Monday’s, let’s take a look at that very list: The Hybrid Screen
$RIG takes the top spot when sorting by volume from the screen above. I can appreciate this move as I am long the $RIG, and have been pounding the table as it traded in the single digits. My oil stocks were the only thing that kept me alive today, because $OLED & $FSLR surely didn’t do it for me.
Other tickers from Monday’s screen that I find interesting include: WFT, KMI, AUY, EGO, FIT, CRZO, SODA, & DECK
I’ll be watching closely tomorrow for inflection points. Opportunity is abound.
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Thanks for sharing your take RC. The moves in the oil drillers have been quite impressive the last couple days. I’ll be very curious to see if energy stocks can keep running.
Seems like they are due for a pause. DECK is nice.