3 Bounce Plays For A Market Bounce
Even with a very strong and bullish open, the bears, nevertheless, took it as another shorting opportunity. I am watching 1134 on the S&P to see whether we can hold those intraday lows. We break that I think we will likely fill the morning gap up.
I've provided a few bounce plays, two of which are in the most hated sectors (tech and financials). But should this market give us a legitimate bounce in the days and weeks ahead, these plays could see a major upside reversal.
LONG: Red Hat (RHT)
LONG: Coach (COH)LONG: Hartford Financial Services (HIG)