Refuse To Lose
When you see a stock shrugging off bad news, then refusing to go down with
the rest of the overall market, take note of it. These situations have the
potential to take off when the market turns.
09:42:45
Intraday Setup Alert
KLA-Tencor (KLAC)
has reversed back to the upside through its opening print. The stock opened
lower on negative news, but appears to be shrugging it off. KLAC is down 0.57 to
29.98.
The stock did not go up much farther after the alert, but trades
sideways and refuses to go down while the market sells off.
This puts it in prime position to move out of the Slim Jim when
the market starts to turn.
Learn to follow stocks that exhibit good intraday relative
strength. They are often the first to take off when the indices regain some of
their strength.
Until tomorrow,