We haven’t seen the type of sell-offs that struck fear into investors like that of February and October…
But the selling of the last three days have certainly caught the attention of everyone involved in this market. Mega cap stocks like Apple (AAPL) and Goldman Sachs (GS) are dragging the market lower and should today worsen even more than the 40 points that we are seeing so far, then talks of the October lows will run rampant.
What is even more interesting is that even with the selling seen so far today, SPX is still overbought in the short-term on the Stochastics.
I’ve put my bullish watch-list together, just in case the bulls do pull it together and decide to put in a new higher-low at some point this week. There are some hard bounce plays across some of your bigger names that could unfold, so definitely keep your eyes open.
Here’s the bullish watch-list to follow this week:
