07Jul3:25 pmEST

Now They Need Confirmation

An abundance of upside reversals across many sectors, including beaten-down and oversold energy names, gave rise to a spirited rally this afternoon. 

Of course, all of the reversal "candlesticks" needs upside confirmation in order to amount to anything of substance, namely in names like CHK which have been in steep downtrend and are only now trying for some type of tradable low.

Overall, I am still skeptical of a meaningful bottom, beyond a one-to-three day bounce. 

But I will cover those topics and plenty more, including actionable trade ideas in my full-length video market recap for Market Chess Subscription Service members as well as in the abbreviated version here after the bell.

See you there. 


Optical Illusions Taking Sha... Stock Market Recap 07/07/15 ...

 
BackToTop
 

This website is intended for educational purposes only. | © 2021 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site