The stock they love to hate, $TSLA, was one of the few stocks I follow that had a positive day as we begin the month of October. On strength, watch for a move out of this range:
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$OKTA is another name that had a pretty large move in its Exodus score today. Watch for a dip to buy and use the $93 level to measure risk:
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Here’s a look at the momentum screen at the close. We still have inverse ETFs populating: $TVIX, $ERY, $DUG, $SPXU, & $SKF, and technicals still favor the downside. Let’s see if we can get some panic selling at the open to buy. I’m still not eager to do much here.
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And, here are some seasonally strong stocks to watch for October:
