If we're gonna get a pop for a 4th wave and then down for 5 but UP for 2 of P3 then now is the time to look at some short term plays on some stocks that got pummeled these last two weeks. As I go thru updating my chartbook, I'll throw out the best of what I find here.
Right now four Alternative Energy plays look like they may be worth looking at. If trends hold true these all look almost ripe for picking. Ne patient and let them come to you and set your stops.
See the charts below.
This last chart compares PBW (Alt Energy Index) to $WTIC (LT sweet crude). They tend to follow each other around and when these get to far apart they correct. Now, this is not saying they both can't correct straight down, but given the possibility of the potential pop due in the market, I'm guessing the near term correction id for alt energy to pop up.