Of the 2 long ideas I had on watch: $CLSN and $VECO...I touched none. $CLSN broke down so I lost interest. Although I still liked $VECO I wanted more confirmation plus clear signs of a reversal in the overall markets first. The close today was certainly a good start. So I will be looking to add long exposure tomorrow via $VECO and a few others tomorrow (if I get the confirmation I want).
**I want to highlight that I still believe that we are in a corrective phase and I am merely looking to play a snap back bounce within a down trend. I'm looking for 1 - 2 day moves at best and if I don't get my profit targets in that time frame...I'll be taking what ever I get and not sticking around!
Here's what I'll be looking at for tomorrow's session:
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