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Momentum Stocks Tumble on Down Week, Euro Plays on the Dips

Alan Knuckman is the chief market strategist for BarChart Bullseye Options, and has been looking for some silver linings on an otherwise very down week for Wall St.

Alan Knuckman is the chief market strategist for BarChart Bullseye Options, and has been looking for some silver linings on an otherwise very down week for Wall St. Big momentum stocks that had made gains with the market's fall upswing took a big hit, coinciding with sliding oil prices, which hit Tesla stock. But elsewhere, Internet stocks including Amazon and Twitter took a hit too, leaving some traders looking for options optionality. Knuckman also has his eyes watching Euro rates, with repeated key reversals suggesting a technical base could finally be taking shape.

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