An Educational (and Actionable) Point

It is another uneven bounce attempt in the broad market today, albeit one where downside acceleration still seems like something akin to the Loch Ness Monster.

That said, given the Trump tweet yesterday morning which shocked markets to the upside (and oil to the downside), if those moves should fizzle out and equities head down to breach last Friday's lows, and oil last Friday's highs, you have to wonder if the market will have, unbelievably, finally started to tune out the President of the United States. 

As for actionable plays, coal and select solars are impressive, two groups we noted with Members in recent videos. 

Nextpower, below on the daily chart, is the best solar chart I see on the board. One educational note: The arrow highlights a brief dip in the context of NXT's ongoing base in an overall uptrend. When we see these dips occur on the righthand side of a base, it often is extra bullish as it signifies a shakeout which gets rid of tons of weak longs before the next breakout higher. After all, to see a hard shake as a base unfolds can indeed be scary in real-time. 

But when the recovery is quick and sturdy, it often means the bull setup is not only intact but gaining steam.