Looking For Relative Strength

Last week, I posted that the market was getting heavily oversold, and that it should experience a nice bounce this week.

I think that we are seeing the start of that today, as the market is rallying. I put a lot of cash to work last week, and this morning I added a few extra trading longs to my personal account.

These are just short-term trades, to take advantage of what I think will be a tradeable bounce. I was looking for strong stocks that held up well during the recent market selloff. Some of the stocks that came up on my screen were:

• POT, RIG, LRCX, WFR, VSEA, CLB, LVS, PRXL, SPWR, BRCM

Here is a quick link to the CandleGlance charts for these stocks. Happy trading-

long POT, RIG, BRCM