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I wanted to do more, but held back. I’m playing CLF with June calls and a WLT June call spread based on an oversold trade. Again these are trades. I’m mostly in cash and these are speculative, but high odds pattern trades.

Materials/Energy is oversold and these are ideal bounce plays. I kept the index funds in cash.

Other potential plays I liked based on the patterns I’m looking at are SHLD, AXL, PCX, JWN, the copper ETN JJC – but I’d play FCX instead because it moves better, PCLN, TROW, USB.

All of these stocks in some way, depending on your time frame, have broken uptrend’s. These are trades maybe for a few days, maybe for all of next week. That is it.

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