Monday starts off with a little something for everyone: panic at the open rewarding the bears; then monster rally off the lows rewarding the bulls. This is exactly what you wanted to see if we were to find a tradable low, and while I don’t want to jinx it…ahh hell, I wont say anything more. I’ll let FED speak tomorrow, which will likely come with misdirection, then maybe we trend higher into the end of the week. We are due:
Stocklabs Oversold/Overbought Readings
As for today’s momentum scan, cannabis lands on the list, as does China. Here’s a look at Monday’s momentum scan: CLICK HERE FOR CHARTS
My favorite charts to swing this week, from the momentum scan above, include:
