Highlights
- We are threading the needle between one more swing trade to the upside and wanting to short that rally ahead of what could be another market slide.
- On the long side, we still like the ideas in the innovative growth areas of the market, and we find several interesting setups there as a result of the current oversold market condition.
- Conversely, last week's price action left an "island reversal" and a heavy volume, six-day bearish engulfing pattern, characteristic of market tops, so we. . .