The arrows are where we entered these positions today, the lines are the bases against which we bought. Futures gapping up -- looks good for tomorrow with the exception of QCOM which is going to hurt (down AH due to earnings). Thankfully it's 1 out of 18 positions we have on: if we get some real strength on good breadth we'll be adding, not selling, to all the commodity positions.
In extremely oversold conditions grow a pair and put your hands into the fire:
Note the time-stamp of 2:19 PM:
Update next day: we sold everything into the gap-up this morning. We didn't like the Ag action (POT warned)/ lack of overwhelming strong breadth and wanted to flatten out and re-assess.
Succinct Summation of Week’s Events 5.7.6
2 hours ago