|
PureBytes Links
Trading Reference Links
|
Another note on Fri's hammer. Retail index put in a very nice hammer, it
has already retraced >50% from the bottom, and the hammer held on the 50%
retracement. That index is outperforming the market at the moment. On Mon.
the group gapped higher. On Fri. WMT in fact closed higher on the day, and
gapped up on Mon and closed higher. So another way to select the best stocks
is to go with the best current group, and the best performing stocks in the
group.
(OTOH WMT looks like a good short right now to at least fill the gap.)
-Styk
|