CTSH - Cognizant Tech Solutions - Base & Break / Bear Flag
CTSH was a HCPG watch list pick for today from last night's newsletter.
Today felt like a consolidation type day. We didn't seem to have a lot of momentum in either direction and it felt like we just grinded up & down all day.
My bearish bias towards the Ag sector held me back from placing some solid trades (MON, MOS) in the sector early in the day.
A lot of steel stocks pushed to new highs (X, NUE, CLF etc) or are setting themselves up to move higher.
Coal stocks are starting to push higher as well. Some have set new highs (WLT, JRCC) while others have printed NR7 hammer type bars today (FCL, FDG, MEE, PCX, ACI).
Keep an eye on Ag, Coal & Steel tomorrow for continuation.
Post a Comment