23Mar2:59 pmEST

Afternoon Notes Indicating Several Leanings


GPRO may finally be ready for that "so bad it is now good" short squeeze rally higher, potentially up just above $45 this week. I would key off the 5, 10, and 30-miute charts to see if it can flag out intraday for a series of higher lows on those timeframes. 

OAS looks like a breakdown candidate in the energy space, even with the USO crude ETF more than 2% and energy stocks slightly red/flat. 

FB and TWTR are still the stars of the show in terms of social stocks seeing some rotation away from biotechs since Friday morning. Tons of eyes are on them so I am looking to see if the breakouts continue to hold true, at least in the case of FB--TWTR has yet to clear $50. 

Precious metals and miners are suddenly acting very well, and I am re-stalking entires in JNUG NUGT this week, as well as the metals, if they can offer up a quality secondary entry. 

I have a few steels in mind into the final hour for longs, more on this in a bit if I get my entry.


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