Pullback Buying Opportunity

Posted by Joe Duffy | Jul 31, 2023 | Joe Duffy's Trading Advantage | 0 |

My two picks for last weekend were Qualcom (QCOM) and Zoom Video (ZM). Both did very well. Hopefully you got them because I did not. A bad case of Vertigo Monday and Tuesday unfortunately left me empty handed.

For the coming week, I am watching OXY (Occidental) which I have enjoyed some success with this year. Oil company earnings last week were not met with any enthusiasm by buyers, so we might get a chance to buy this stock on a pullback.

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Other than that, the market doesn’t look set to rotate into another sector, as far as I can see, so I generally have a more cautious attitude toward longs to start the week. I think we get a pullback.

Thanks,

Joe

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Joe Duffy

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