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One of the hardest parts about investing, is staying with the constant rotation of sectors. Amazon is already down more than $100 since the high last week. Gulp! While it's only 10%, $100 a share is an ouch. As the Nasdaq 100 has been a little soft of late, I thought I would look for oversold stocks that are starting to improve on the weekly. There are a lot of them in energy... Read More
Southern Co (SO) is a utility company with a pretty intriguing chart this week. THe SCTR got very low and is starting to move above 30, which is one style of trade I like. The Relative strength is clearly out of favor, so that is a major drawback. The price action has oscillated above and below the $48.50 level for the last year and this week closed back above it. What I like most... Read More
Last week it looked as if the market was beginning to form a top, but that result still hasn't been realized. SPY continued to churn sideways, and the daily PMO came within a hair of crossing down through its signal line. There is still evidence that there is a top in the making, and we'll be looking at that below. The DecisionPoint Weekly Wrap presents an end-of-week assessment of Read More