Hmmm maybe!!! As most of you know, I think somewhere here we will get a bounce going into earnings season. Earnings season usually have a bullish bias and as traders we should play it out inside the bigger picture. It is also very important to remember nothing goes in a straight line and thus a tradeable bounce here during earnings season would be great to reset some of the wonderful shorts we have riden down.
I have a few stocks up my sleeve when we do get confirmation of a bounce, I will send out trade calls on but one I really really love is ENER. Not a trade call here for tomorrow but keep on eye on it as I really love it. Currently trading @ $64.00 I can see this one going to $85 in a rush but I will send an email when I believe it is right to enter.
Keep on eye on the investment banks here for a bounce also. YES! they have been crushed and you all know my feelings about these stocks but I do believe they will get a sympathy bounce during earnings season especially LEH and GS. I am surely not betting the farm on longs here as we are looking very ugly here technically and at or close to the March lows on the indices.
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