Ugly Picks
RBIN is breaking new all-time highs from good earnings news. It looks like a good one to buy and hold for a while when it comes back down to its 50dma or so. It is the strongest in the auto parts sector, but the sector is weak.
TRGL, one of the strongest stocks in the market, moved back over $10 with volume and looks strong.
ATLS, a recent IPO, looks very strong in the Oil & Gas sector.
ANT is another IPO that looks strong, making a new high today on earnings news.
SNDA, which I mentioned before, is moving up from its 20dma with volume.
Basically I was burnt on some (way too many) QQQ puts I own. I think I am going to have to set options trading aside for a while. The Nasdaq went up strong on big volume, busting through its 200dma, crossing CCI 100 bullishly, and coming right up to its down trend line since the beginning of the year. The up trendline that I thought was broken - I guess it wasn't. Everything points up. I have been a good contrarian indicator lately, so you may want to sell.
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