Chop Fest Continues

The chop fest continued today with a strong gap lower and move higher throughout the day. Oil and Gold are all over the place with strong rebounds following the sharp declines from the prior day. Tomorrow should be interesting with Oil Inventories due at 10:00am. Here is a look at the 60 minute QQQQ chart I've been following. It took out the rising trendline with a gap and fought it's way back to it by the end of the day. It pulled back off at the end of the day leaving a shooting star type candle. It will be interesting to see if Bulls can reclaim the trendline or if more weakness is in store.
Here are a few charts that may be decent buys if the markets end up turning around.

HAR is trading very narrow range candles and is oversold at this point. It is still looking quite bullish overall.
PYX has held up very well throughout December. It should be making some sort of move soon.
CROX has pulled back to support and could find support in this area.
LQDT is trading a loose bull pennant and is over the breakout area from the previous base. It could be finding traction here.


Good Luck,

DT