I’ve got about 70% of my capital committed at the moment to the long side. I may push that to 80% with one of the names listed below by the end of the day.
I think today’s action is extremely significant and resumes the uptrend that we have been on since April’s lows. This move I suspect could last 1-2 weeks, and while I think it isn’t likely, I wouldn’t rule out the possibility of the market hitting 1700 within that time frame.
Here are the three setups in Diamond Offshore Drilling (DO), Advance Auto Parts (AAP), and AES Corporation (AES).
Long: Diamond Offshore Drilling (DO)
Long; Advance Auto Parts (AAP)
Long: AES Corporation (AES)
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