It has been a very interesting week in the markets thus far, and the bounce we saw off the lower gap gives us a sense of the demand present for equities. I don’t like many charts out going into Friday, but a few stand out.
I bought shares of TSLA – I want to see the stock rise soon as we’re dealing with a momentum situation. Without momentum this name gets dangerous fast.
I like China stocks of the burrito variety. They shrugged this correction off well as a whole. My favorite is HMIN and I bought more.
I’m still about 50 percent cash, but I want to get involved in case the market decides it wants to test the all-time high again. Hey, I’ve seen crazier.
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