Good morning traders! Just as the bulls got trapped last Friday, so the bears will likely get trapped today in this "push-me, pull-you" market (see yesterday's post). We have an overhead gap to fill on the indices and that is likely to happen today as shorts get squeezed into submission. Our internal readings tell us that we are near a major bullish pivot point for the market going forward into the 4th Quarter, but not much is likely to happen until we get past next week's Fed announcement. Until then look for more chop chop...
Blessings and happy trading to all, TC
Stocks to consider:
(longs) GRMN, GSF, RADS, RIG (shorts): BEAV, ASML, GLBL
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