Right now we are all on top watch, but even though the taper is in full swing, and POMO is only going to be three days a week in July, the charts sure don’t look like a top to me. Both SPY and QQQ’s went back in buy mode for me this week, so I don’t feel like being a hero trying to catch a reversal, but looking to follow what the market is starting to recognize, and buy; basic materials.
I have been long gold and Silver Wheaton, and will remain so, and I posted a buy signal on NUGT on Thursday, and now I want to share some stocks that have high short interest (above 10), and are a buy now or hit my buy screen on Thursday and Friday. It is a good mix, and you will find some gems in here. Good trading.
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