Palladium (PALL) only fell 1.17% on the week but should soon play catchup and fall hard.
Palladium is actually an interesting short to me here. I'd consider a short here with stops at $810, but I think it's inevitable that palladium drops hard. A break of this uptrend line should quickly take us down to $740.
We're still in a dangerous market, but many stocks are showing me tradable lows. The most recent member letter is 41 pages of nice trade setups. You can find out more about what I do for members at www.wizzentrading.com.
At the time of publication, the author held no positions in any of the stocks mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.