The most potent set-up in a market like this one today is the U&R. Watch names like NFLX and TTWO which have posted U&R set-ups after undercutting prior lows and rallying back above them. Note that MOMO has undercut its prior 36.91 and turned back to the upside.
Among beaten-down areas of potential new leadership, look at names previously discussed in recent VooDoo Reports, such as JAG and FRAC, for example.
Fair disclosure: We are long some of these names currently on the U&R set-ups in most cases.
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