Greetings! This is my first post in a few days, but I am back in gear!
The stock market posted a decent rally on Monday, with most strength in the techs as the Nasdaq lead the way. The market rose in spite of weak housing numbers reported at 10 am, which caused the market to turn negative for a while. However, Crude Oil was weak all day, crashing through $130 per barrel to the downside. This gave stocks enough reason for an oversold rally.
With that in mind, some stocks look ready to pop again. Potential day and swing trades for Tuesday include WLT, MEE, CNX, GGB and WLL. I did not see many decent candidates for shorting due to the weakness all last week.
Good Trading!
Scott Cole
www.bestdaytradingstocks.com
www.kungfutrader.com
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