Hubert Senters here.
Let’s take a look at FLT. It’s not a bracket trade but it did sell-off into the cloud and it’s bouncing some pretty good and has taken off it’s up 7 percent on $17.66. It’s a higher dollar equity trading at $266 but it looks pretty good so add this thing to your watch list. The chart looks really good.
It did respect the cloud and just bounced right out there and see if you can get some follow through on tomorrow for a potential long with a target of $280 to $300.
Now, it won’t hit $280 to $300 tomorrow or probably it’ll hit several weeks to do that but that’s a big move and it’s going to have to digest that and it may actually retrace a little bit.
If it does retrace or trace about 50 percent of that that it had today which would be riding here at $248.50 so take a look at that. Add that to your watch list for long things.
Mark Helweg is doing a special webinar on ‘’How to Profit from Wall Street’s Secret Research without analyzing charts for hours.’’ Webinar is going to take place Wednesday, May 8th at 8PM EST. That’s tonight at 8PM. You can read the bullet points here. Register for the webinar. I’ll open up the room about 15 minutes early so you can grab a seat.
Good luck. Hope it helps. And I’ll see you on the next video.