Everyone was looking for the face ripping rally today, especially with it being Tuesday, but we didn’t get it. And, being that we didn’t get it, the market becomes a little more venerable as we hang around important moving averages.
Take a look at the small cap index, the $RUT, sitting on the 200 Day Moving Average:
And, the S&P 500 index sits right on 50 Day Moving Average:
I, myself. am looking for a dip to buy, and I have a bunch of statistics inside Exodus to help with the decision making process. Take a look at this screen below, which flags stocks that are being oversold:
I will be watching $GOOGL tomorrow for a possible option trade. I also like the idea of buying any and all weakness in $ROKU. And, $SNAP under $7, you have to be long for a $SNAP back.
Exodus members save the oversold screen HERE, and stay tuned for an option trade setting up here in $GOOGL: