NOV is one of my favorite energy sector plays. If the first, weaker support line breaks down in the upper $130’s, the next buy point is at $125. I’d like to see the stock work off the overbought readings a bit.
CROX looked like it might be ready to end it’s amazing run, but has persevered. It looks good on a pullback to support.
PCU has a pattern lots of focus list stocks are exhibiting. The overbought readings make it tough to enter until it pulls back to $115.
Watch out for that reversal on FCX, engulfing bars like this one are seldom good.>>Overall, I think the conditions are ripe for a market reversal/pullback today, so I am keeping a close eye on QID and SDS.>>Good luck.>>>TC
My mental stop is in the $102.50-.90 range. I’m cool with the price movement unless it nears that number.