I sat tight for most of the day, there is little on my watchlist, and I did not like the overall price action. Oil at $55 baffles me, it should in theory bounce at a strong level such as this, but so far nothing. I guess war is next.
Gold looks terrible as well, and made it as one of the worst performing industries on the day. I have no interest in the metal here.
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Some names on my radar from the hybrid screen include: GSAT, COUP, NOW, ANGI, & ZOES. But, nothing really stands out and says buy me. The energy patch still remains top focus for me, with a few names diverging from the underlying commodity. There will be some sweet gains to be had in the coming weeks, stay patient.
Here are some of today’s top individual hybrid movers:
