SD: Outlined in the video lesson, my favorite play for this week. Oversold RSI, testing previous 52 week lows, tons of selling. These are the text book bottom bouncers that you can capture 20%+ type of gains on if played right. As I say in DVD and Video Lessons, be patient and wait for confirmation. Close watch here, ideally 1.17 to hold as the bottom
CLF: Possible bottom here staying above the 50 DMA for now, $5.50s held nicely, lets see if it is continued support here.
HK: Slow and painful blood bath here, Lets see if 1.18-1.20 holds as support here as we hit an oversold RSI. Need confirmation before buying as there is no end in sight yet, we will see how it sets up this week.
ACI: Looks like new 52 week lows are coming here, RSI getting near an oversold level but the trend has been lower lows so I am expecting to see .80 fall. From there it’ll be a free fall where we need confirmation but ACI likes total trend reverses so when I see confirmation I’ll ride a trend.
XOMA: Nice pullback here after a nice spike. Ideally looking at the mid $3.20s to hold up as support and see a move off of that level.