Updated Watchlist

We remain very oversold in the short term and I think any positive news could lead to pretty big bounce as shorts scramble to cover. A break of the November low could lead to some panic and could be a great spot to pick up some names at low risk spots. Here are some of the names that I feel could have significant bounces with support levels defined. Be sure to respect your stops as we remain in a downtrend. The bank ETFs will also be a place I will be following closely but purely as quick flips (UYG, FAS, etc.). I think these commodity names could see money coming into them as inflation continues to become a bigger issue over the coming months, as the government revisits their stance on the economy.



JAX