Based on my plan, If anything Bullish trade from Tech, This will be my first choice
Comments
SPYderCrusher
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check out REITs (though lower beta) and Biotech/Pharma/Health lotta good setups in those respective sectors which still have strong breadth even in spite of the recent market weakness.
A-shot
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Even at 52 weeks top?
UDAY_C_Santhakumar
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Its at top of the Strength Rank (based on that particular sector & Industry Group). If it breaks lower, I will re-evaluate my long entry, Will not short the strongest stock in a sector.
Refer to the TSO vs XOP post I made. If it breaks lower, Re-evaluate the entry and catch the major bounce.
Even the worst sector, A strongest stock is strong for a reason, All it needs is a crappy reason to rally. It could be a crazy / funny post on seeking alpha. Try trading the small caps, you will understand the power of hype. [PLUG], I think the other one was VISN, and way too many. Spotted with RSI breakout, and banked. Small caps have the First quarter of every year to have the best season in their favor.