The broader market is only moved halfway back in it’s range, off lows from the week. Stocks that are near highs (the stocks we look to get long) should have no troubles breaking out to new highs as the broader market moves to old highs.
Stocks to Watch on 11/4:
Longs: BBBY, BIIB, DECK, DLTR
Shorts: AEM, HSP
Going into the weekend we will look to stocks like VXX, FAZ, and TLT to hedge some of our long delta risk. These names make an easy go to if you need to balance your portfolio with a short.
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