Play Editor's Note: Be careful. Don't be seduced by the 485-point bounce. We remain in a bear market and any rescue plan isn't going to fix the economic outlook. Consumer spending is already slowing and the fourth quarter is shaping up to be a very tough quarter. I would expect the bounce to struggle.
FYI: A few stocks I'm watching...CAKE might be a bearish play if shares hit a new low under $13.69. HAS created a bearish head-and-shoulders pattern. I would consider new bearish plays under $33.00 or under its 200-dma near $32.50. The H&S pattern is forecasting a $26 target. One of the few stocks that looks potentially bullish is Campbell soup (CPB).
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