These are a few of the charts I shared on the twittersphere today. If this is a tradeable bottom, we've got plenty of quality options.
Let's start with the NYSE stock only advance-decline line. This thing is more stretched below the lower bollinger band than it's EVER been. Have we all just lost our minds? Or is it a sign of a strong new trend? Maybe both? All I gather from it is we have high probability for a meaningful bounce. Feel free to chime in @atmcharts.
Netflix is at a huuuge support level and trying to plant a firm reversal today. If so that sets up a clear exit for anybody looking to trade long. Unfortunately, there's not a lot to like about the chart, but does that even matter to an investor if you have such well defined risk?
COPA is bouncing today at this long term pivot area. It's been thrown out with everything else in Latin America, but it's an airline and the largest holding in the CUBA ETF. In case you don't know CUBA is up on news of vastly improved US relations.
INFN has traded in a tight range for over a month after a monster bottom base break.
We see this 14's area was a resistance in 2008. If that goes, next stop 20's?
ZLTQ has shown great relative strength and consolidates tightly near the highs.
Trade 'em well
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