Blog post: 13th day of $QQQ short term down-trend; Revised OSB (oversold bounce) scan yields $GS and $BGFV


I revised my OSB scan. It detects stocks near a recent ATH that have bounced from an over-sold level. Here are two I think are promising as long as the bounce lows hold. Note the black and green dot signals. Did you know that GS has a PE=8!!! And GS has an IBD comp rating=98.


The GMI remains on a Red signal. Even though SPY and DIA are doing well, QQQ is weak. This is a very difficult time to be in the market profitably. Much easier to trade growth stocks when the GMI is Green and consistently  registering 5 or 6.

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