Big market rally day from deeply oversold.
SPY up 1.54%, QQQ up1.35%.
My Nifty50 Stock list shifted with today’s rally from 42 stocks on sells signals, 26 oversold, to eleven new buys making the total buys 19 with none as yet overbought.
New buy signals came on $HFC, $DO, $WFT, $FSLR, $TAN (the solar energy ETF), $ITCI, $CNQ, $APC $MSFT, $JKS and $NFLX. On the selected charts below the signals are marked for today’s close but for the purposes of this blog these are all buys on tomorrow’s open with appropriate protective stops (no one should follow any of these suggestions any time without doing one’s own due diligence.)
(click on the charts for a larger image)