Tonight's chart selection is WFR. I looked through so many charts and couldn't believe there was almost nothing looking good. That tells you the state the market's in lately. Too many stocks beaten down so much that time has to pass to make nice looking charts once again. WFR like it's peers has been selling off quite a bit for no good reason. The solar stocks group seems to follow the market quite well so that explains why they're so beaten down. WFR is currently in a box and the markets seem to be in a possible turnaround. If the market rallies, this group is poised to move higher. Also take into acount some short covering. WFR may be a safe bet if it can break through 68.50 on decent volume. If it falls through 62.25 then it may go even lower. Remember the market's oversold so this could be a good short term long play.
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