HTZ--- This chart is pretty overextended to the downside. It has had many red days in a row. Remember that we are now in a bear market so a green day does not HAVE to happen, however in my opinion if there was ever a set up for a bounce this would be it. Notice the small red candle that could not go much lower than the previous day. Meaning that selling seems to be slowing down. I do want to see strength at the open, a gap up and push with the market would also be nice.
SCTY---Similar concept compared to HTZ, has seen many down days and formed a doji candle at the bottom. Like I mentioned it doesnt HAVE to go up but I think if the market has a bounce SCTY is a strong potential for this. Looking for the long set up at the open. R/G, or nice strong push at the open.
SWN---This energy stock that could have showed some nice strength and is a prime candidate for a R/G move , also plenty of room on the daily for a move is market runs on Tuesday
SM---Originally I had this set up as an obvious Green to Red set up, but market looks like it is showing some signs of strength so if we do happen to bounce I believe this will be a strong potential. So either this is G/R or if oil bounces this could push strong out of the open which should be entered on the pullback.
AKAM---This one I see as a G/R move if market continues weak on Tuesday
WLL---Same scenario as SM potentially a G/R but could bounce with oil if it is the time and would like to see a strong push at the open for entry on pullbacks.
JOY---This one has a beautiful set up especially on the 30min chart if you care to look at it. I am looking for a R/G set up here, this is the set up I like the most. Any long set up that does not involve a massive gap up I will be happy with.
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