×

Macke: How to Trade an Oversold Rally

graphic_fast_money.jpg


With equities making a dramatic late-day rally, and the Dow Industrials swinging over 600 points intraday, Jeff Macke said the time is right to buy retail and the financials for trades.

These “ridiculously oversold” groups still aren’t ripe for long-term investments but, with the Fed on their side, could be poised to skyrocket higher on any immediate countertrend rallies, according to Jeff.

______________________________________________________
Got something to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap! Prefer to keep it between us? You can still send questions and comments to fastmoney@cnbc.com.