Market Traction Update – May 10th Update 1


There’s a follow-through to the upside so far today which is nice given that we triggered on a few ideas yesterday, also had many bullish mentions moving up and were looking for this to happen save for news developments. So far, so good…

Bullish idea RSX could trigger today. It’s up very nicely after recovering yesterday. It joins ORCL and FXI in powering up again today. Hopefully they’ll keep going!

Virtually every bullish mention:

OIH, XLE, CVX, LUV, UAA, APA, LLY, BIDU, ZION, TRGP, AXP, BYD, and PUMP* is up today with the exception of ROST. (There’s always one!) Some energy names are up mildly today after spiking yesterday while others are doing a little more bullish work today than yesterday.

BIDU, LLY and BYD are all having very good days so far and are standouts today much like energy stood out for us yesterday. Here’s hoping this bullishness persists for a while and things elevate even more from here across the board.

We hope you decided on things and caught nice movement. It seems like we’re finally being rewarded for our patience and discipline after a few weeks of frustrating consolidation! At least we didn’t lose during that phase!

When warranted…Bank and Roll friends!

Naturally, no bearish ideas or mentions should be taken as the bullish scenario we sketched out in our webinar seems to be unfolding.

Thanks,

Wayne Razzi


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