The US stock market is poised to trade lower this morning. Based on the past trading sessions, the uptrend pattern is broken now. We need to be very cautious now. Bears are back now.
UP Stocks:
(SQQQ) - bear trade, we can guess why this ETF is up.
(NFLX) - Dead cat bounced from the recent selloffs. I think it is going to trader below $100 soon.
Down Stocks:
(WPRT) - high beta stock from recent strong gains to head lower, self correcting and keep your eyes on this when the bulls are back.
(LOGI) - The blood never stops on this company. More bad news regarding lower guidance from the company.
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