Bottom Fishing

The Bottom fishing screen located inside The PPT is very helpful in catching inflection points in the market. Traditional, when we start to see inverse ETFs pop up on the screen it is a sign a caution. But, perhaps the biggest sign of caution was The PPT hybrid score flashing overbought at yesterday’s close.

Here are the current results for the bottom fishing screen:

For those interested in viewing charts of said screen, click here.On the long side, from the screen above, $URBN & $CREE look interesting.

Hand sitting for me at the moment.