iBankCoin
Joined Jan 27, 2008
7,061 Blog Posts

Turnaround Tuesday Didn’t Happen

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:

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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:

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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:

 

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