Stocks In These Sectors Setting Up…
While
you may have to squint to see it, the market has bounced a little
over the last few days. As the bounce is finally happening, it appears to be a
good time to explore potential shorts. A good way to do this is to look at
those groups that are also bouncing and see if there are solid candidates within
those groups.Â
The Semiconductors pulled back
weakly and may be poised to head lower.
The Drugs also look primed to
roll over.
Although no signal appears
imminent,
Hanna Money Flow System traders will also note the relatively extreme
REIS rankings of these groups and the significance of that should the market
begin a new leg down.
If you’ve been waiting for an
opportunity to get short, make sure you do your homework tonight, as I expect
many stocks, particularly in those groups mentioned above, will be setting up.
I’ll be back on Wednesday with
my complete month-end market breakdown.
Best of luck with your trading,
Rob
P.S. Email of the day:
Hi Rob,
I’ve read your system. You have done a fantastic job!
It’s a good read as it is very logical. The stats are
great, the number of trades and the consistency of the
system year by year are really convincing. I
especially like that the system is based on very
simple ideas and
is not optimized. (It’s easy
to believe as there are
not many parameters to optimize which I think is one
of the signs that it is a great system.) …
Â
Rob, I must thank you again. I haven’t seen such an
informative and worthwhile reading on trading for a
very long time.
Thank you, V.
To further understand what the
hubbub is about, click here to read the introduction to the
Hanna ETF Money Flow System!
Â