The market continues to remain short-term overbought, and therefore the Power Dip is not establishing very many new positions.
There is one new position for Wednesday’s open, and that is Fomento Economico Mexicano SAB (ADR) [[FMX]] .
Also, Gray Television, Inc. [[GTN]] finally received a sell signal after yesterday’s move. This is another stock that should be watched in the premarket. It might be worth holding it for a few minutes after the open as it may be a gapper. Based on the triangle it has formed, it may be getting ready to make a much bigger move. Regardless, I will sell it here and take my profits.
Good luck trading today!
