With the economy cooling off, discretionary stocks such as dating site https://t.co/zPHZn5nJhM ($MTCH) and travel company Expedia ($EXPE) aren’t faring well, making them two of my top short trade ideas right now. — Roger Scott
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Consumer Staples ($XLP) is the weakest sector, but I wouldn’t count on it heading much lower. Momentum is bottoming out. We don’t reach these levels often, and when we do, it’s not long before it moves higher. — Roger Scott
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$XLC looks like it’s breaking out, but with 84% of stocks trading above the 50-day MA and just 32% above the 200, it doesn’t have a strong foundation and likely will soon come crashing down. — Roger Scott
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I’m being cautious and focusing on companies that provide people with things they need versus things they want. And energy favorite $OXY and health care name $CAH are among the strongest stocks in the market. — Roger Scott #stocks#trading#stockmarketquotes#stockmarkettips
We haven’t seen a Santa rally and it looks like this market is going to remain choppy. That’s why I’m staying defensive, and that means looking at sectors like Consumer Staples ($XLP) and Health Care ($XLV). — Roger Scott #stocks#trading#stockmarketquotes#stockmarkettips#NYSE