Dow is up by a little over 180 points as well as NASDAQ, S&P 500, and even gold. Is Dow's correction already done? It's hard to tell but we can expect PHISIX to start up strong today.
1.) Most people are stuck with stocks that went down yesterday and if these stocks will surge early, it is an opportunity to get out.
2.) Another reason why PHISIX will surge is the entry of traders. Because of Dow's +180.05, it will prompt buying. It may be short lived because such traders may exit on initial rallies.
3.) Another possibility is PHISIX surging until close. Ideal game plan for this one is to sell on rallies and buy back during the retracement. However, monitor if the market will indicate some strength near close (like IP yesterday).
A special case is IP and other stocks that surged. These stocks are candidates for gap ups. In IP's case, it may reach 3.87 during the initial surge. IP is a stock that is worth monitoring because if it breaches 3.87, it may surge ahead to 4 or even higher. CLOUD may follow IP but must be sold on initial high.
DFNN may follow IP and CLOUD after these two stocks lose their momentum.
Pick blue chips selectively. I think that we are already on a confirmed bull run. This may continue to do so until December.
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