Wolfdog,
The 20 dma will be the test, if gtw doesn't successfully test that resistance at just below 54, and close above it, then it would then be a good short. Of course, a breakout above the 50 dma would be shortlived and allow more downside. But, with all these stocks below their 200 dma, the 20 dma seems to be the surer, safer short. JMO.
The oil services rally seemed to run out of momentum toward the end of the day, but the sector certainly was in the forefront of fri-mon rally.
amzn, lcos, dclk, inkt, seek, xcit were all losers on this rally day. They will take the full short attack on the next "correction".
Good investing, stx |
