The general market tone looks to be “Risk On” going into Month End.
IBB is always a favorite and can be bought with a stop below Friday’s close, looking for a rally into the end of the week.
OXY…88.80 is resistance and the closing upside pivot for another couple of percent.
NFLX…has basically hit my upside objective. Closing a couple of days over this area will lead to another big swing higher.
IBM..shows a bottoming pattern. As long as this remains above 184.50, look for a retest of 188.25 followed be 190.50.
The game is to pick stocks which are the recent darlings of the hedge funds. These are the names that will get marked up into month end.
The board is setting up to be a light volume back and forth technical trade.
