Keep an eye on commodity stocks like ACI, MON, POT and X for oversold bounce setups.
Friday, September 05, 2008
The Commodity Trade
Commodities are extremely oversold. This sets up one of my favorite trades, the oversold bounce trade. I will likely go long a commodity or two if we get more weakness tomorrow. These will be short term setups. The downtrend is still down, and a few days of bounce would setup short plays again.
Keep an eye on commodity stocks like ACI, MON, POT and X for oversold bounce setups.
Keep an eye on commodity stocks like ACI, MON, POT and X for oversold bounce setups.
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