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STOCKS WITH OVERSOLD RALLY

|Includes:AAPL, AAXJ, AMGN, DBA, DBB, DBV, DD, DJP, EEM, EFA, EPI, EWA, EWC, EWG, EWJ, EWT, EWY, EWZ, FCG, FXE, FXI, GAZ, GLD, IBB, IEF, INTC, IWM, IYR, IYT, JJC, MOO, QCOM, QQQ, RSX, SLV, SMH, SPDR S&P 500 Trust ETF (SPY), THD, TLT, UDN, USL, XLB, XLE, XLF, XLI, XME

  

 

There wasn't any consequential good news. Jobless Claims remain pitiful but some found a thin reed within the trade deficit data to rally on. But, as we posted Wednesday, the big reason to rally was the oversold McClellan Oscillator with a reading greater than -60. This usually signals a bounce and that's primarily what I take from Thursday...

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Stocks: SPY, IWM, QQQ, AAPL, SMH, INTC, QCOM, IBB, AMGN, XLB, DD, XLF, XLI, IYR, IYT, IEF, TLT, UDN, FXE, DBV, GLD, SLV, DJP, USL, GAZ, XLE, FCG, DBB, JJC, XME, DBA, MOO, EFA, EEM, EWJ, EWA, EWC, EWY, EWT, AAXJ, THD, EWG, EWZ, RSX, EPI, FXI