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Since the market was down the past several days, I expect that even the bullish stocks(triggered by some events) or stocks with good fundamentals will not last long in a bearish market. The primacy is MARKET -> SECTOR -> STOCKS. What I mean is when the market gets bearish, the strong sector will eventually get bearish and finally the individual bullish stocks. I believe that pattern is because of investor psychology or basically profit-taking or stops got triggered. Yesterday's closing ended on a positive note, so I thought that I can find now some stocks in the bearish scans that has a good potential to rebound. A fundamentally strong company has that potential. Using candlesticks, you will see a hammer or a kangaroo-tail were the tail acts like a spring and therefore it's next direction is to go up. Using trends, you will see this strategy as buying in dips and that is why the potential is there to reverse or go up as traders are taking that opportunity to buy. The following stocks were pick from the bearish scans filtered by good guru fundamental scores. Research and track recent price for the stocks by clicking the link.
EME,HOTT,STST,UNT,LECO,PCZ,IMO,ZEUS,TLM,FUQI,WIRE,TKR,CVX,WAB,MUR,EGN
A retreat by the shorters is a good sign that the market is bullish again. Track the ultra-shorts stock below to get a confirmation:
EEV,FXP,SCO,SCC,SMN,SSG,DXD,BGZ,DEE,DOG,FXB,FXF,MZZ,PLW,PSQ,QID,REW,RWM,SDS,SH,SIJ,SKF,SKK,TZA, BND,DTO,DUG,DZZ,EFU,ERY,FAZ,MYY,SRS,TWM,SJH
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