The stock market was flat to down today, with the Nasdaq again leading the way to the downside, while the Dow and S&P were essentially flat. The big move in the markets today was Gold, which sold off early in the morning, before bouncing off of its lows. This was on the back of some Dollar strength overnight. Crude Oil rallied another dollar and change, and looks to be poised to test the upper limits of its recent trading range.
Based on recent market action, the market is due for a bit of a bounce, or at least some consolidation. As such, the directional bias is very modestly tilted to the upside.
Potential long day trades for Tuesday include CNX, ANSS, SQM, ACI, BEXP, and GTI, among others.
Potential short trades include WHR and COPA
Good trading!
Scott Cole
www.bestdaytradingstocks.com
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