Markets Close Green, These Are The Plays
The markets are attempting to recover from massive losses today. If the markets are able to squeeze out a flat close or slightly positive, many major stocks look to be amazing buys. The key to going long is the massive fear in the markets and the reversal signal of capitulation in the markets today, should a flat or positive close occur.
The first stocks to pop will be large cap players that were at or near their 52 week highs just weeks ago. Many of these stocks are performing well today. Possible plays will be 3M Company (NYSE:MMM), Caterpillar Inc. (NYSE:CAT), International Business Machines Corp. (NYSE:IBM). Other plays would also be Bank of America Corporation (NYSE:BAC) and Cisco Systems, Inc. (NASDAQ:CSCO).
The key is to see if this market closes flat or green today. That will be the signal of a high probability reversal in the markets.