Macke: How to Trade an Oversold Rally


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.

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