BUY PQ $5.97
BUY PAET $3.78
BUY SRI $6.75
BUY RODM $6.10
Back from my vacation last week and markets fire back with real strength after a few days of weakness last week. I scaled out of some positions last week and looking to reload on some solid names as we see this market bounce. There are many stocks that have had solid rallies and are now pulling back to their trendlines, which create low risk/high reward trades if this market bounces further.
I like oil related names here as Oil looks to bounce higher with US$ weakness and political concerns out of Iran. Gold looks poised to break higher as well with US$ weakness, as it provides good inflationary protection. Gold is still in the period of seasonal strength and should continue to hold the breakout levels here. It is retesting the June high and if it holds here, we should see Gold trade higher in the coming weeks.
BUY PAET $3.78
BUY SRI $6.75
BUY RODM $6.10
Back from my vacation last week and markets fire back with real strength after a few days of weakness last week. I scaled out of some positions last week and looking to reload on some solid names as we see this market bounce. There are many stocks that have had solid rallies and are now pulling back to their trendlines, which create low risk/high reward trades if this market bounces further.
I like oil related names here as Oil looks to bounce higher with US$ weakness and political concerns out of Iran. Gold looks poised to break higher as well with US$ weakness, as it provides good inflationary protection. Gold is still in the period of seasonal strength and should continue to hold the breakout levels here. It is retesting the June high and if it holds here, we should see Gold trade higher in the coming weeks.
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