Overall action in the general markets is still somewhat indecisive, but I think if this bounce from the deeply oversold levels is going to materialize, then certain industry groups will benefit more then the other.
Today we had a buy signal on the following ETFs for a short-term bounce (with tight stops): XBI, HACK, DXJ, FV, FDN, DBEF. Also on PFF - but this is more of a defensive oriented ETF that tracks Preferred stocks.
Charts mentioned above are located here.
Today we had a buy signal on the following ETFs for a short-term bounce (with tight stops): XBI, HACK, DXJ, FV, FDN, DBEF. Also on PFF - but this is more of a defensive oriented ETF that tracks Preferred stocks.
Charts mentioned above are located here.
Also see below for the general happenings in the market Charts are located here:
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