Post feed7 Reasons Why I Dont Care if the Market Goes Up Tomorrow
After doing my trade research for the week I have 7 reasons why I dont care if the market goes up tomorrow...Reason #1: EOG
Strong fundamental company, recent declines came on weak volume. Potential support bounce, strong group, good upside potential.
Reason #2: NBL
Similar to EOG...same group. Technically, a recent breakout on heavy volume...now the price has come to re-test old resistance as new support and bouncing from this level. Nice.
Reason #3: SFY
If you didn't like reason 1 or 2, this is another correlated company with strong numbers. Support bounce, good momentum picking up.
NOTE: REFRAIN FROM TRADING REASON 1,2 and 3 SIMULTANEOUSLY.
Reason #4: UNH
Finally a new group! A market rally is just what UNH needs to get back to higher price levels. Good company, strong numbers, and Health Care is trying to make a comeback.
Reason #5: COP
Different group, potentially a bounce play. Great fundamentals, watch out for resistance.
Reason #6: GLG
Like the group, love the pattern. Getting to the apex of this ascending triangle. Watch for a break of resistance to confirm a good upward move.
Reason #7: MRO
Awesome fundamentals, same group as 1, 2 & 3. This just gives you variety of finding the right company with the best upside if this group makes the move that it looks like it will make.
