we've seen stocks work off an rsi with time, price, sideways motion. they overbought for significant amount of time without having that dramatic sell-off. if you like the stock and you believe it in, it's always prudent to shave a little bit off it if you have earnings on the stock already. don't be frightened just by the rsi. >> i've been atrocious on facebook. this stock rallied this month 20% here. it's off the charts. it's overbought. here's the thing. this is how i trade these things. when you have a story that's working for a reason then it pulls back to that prior breakout level, that would be right near that 50 day that kensho is telling us in the mid $90s. that's where you want to take a shot. it's up 20%. >> level 3 went from $42 to $52. it's not a crazy valuation. the move was too fast. 50% correction gets you to $47. you buy the $47. goldman put on the vix buy list $60 target. buy at $47. gets to $55. >>> two solar stocks with very different moves in the after hours. plunging 18% while first solar soaring 12%. morgan entrepreneur nan at hea

but there are doubts about whether he posed a real threat >> syrian civilians are dying in homs as rsi

when you look at the relative strength index or the rsi, an important momentum indicator as well as theage, he like what is he sees. both indicators are in positive territory. that's strong momentum plus the accumulation distribution line measures the slow of money flowing into and out of a given security. it's above it's 21 moving day average signal. that reflects positive money flow. healthy buying pressure. all of these indicators sow jest that the big boys are actually loading up while everything else is going down. so there's so much negative charter. if it can break out above the top of the flag at 3150, get this, 3750, smooth sailing. in fact, when you check out the chart of the biggest and best run oil service company when you know i like it you can see this break out. it has already happened to them. missed a little built todit tod holding in. it's been similar to the action in the oha. you can see the stock made a double bottom again. this is very important in late august and early october you can see that they make that flag pattern again. but unlike that they broke above the

the second mroe is rsi. not confirming that low, meaning it's bottoming at a higher level. sellers are getting exhausted. i think it's worth a shot. >> well, that was josh last week calling for a bottom. at least temporarily in that oil etf. the ieo. >> i'm going to keep it real with you. if you get that trade, you take it off. look at the thing happening in the names today. the easy money has been made. it's up as much as 17% from that day. now it's up only 15. opt out of this conversation. if you did the trade, it's over. it happened. take the money. buy your kids a pony. >> one of the mantras out there for everybody, know what you own when it comes to etf's. this is really a refinery etf. the ieo is conoco. >> there's a lot in there, but what do you think? >> well, i think have to get ready for a big lull when you go vertical like that. you buy an etf, it's focused on one sector, you know you're going to have crazy times. good days, bad days. might as well put on led zeppelin when you own it. >> you buy the three times leverage. up down. >> a reet will be a -- >> more th

. >> remember, this task force that did these studies that are in the document -- amy: rsi?naissance surveillance intelligence. you have to view it in the context of this is the pentagon trying to get all of the toys and to make themselves the boss of everything, and they largely are the boss of everything because of the biggest budget and most personnel. but what the point there is, there is this not-so-subtle agitation to start being able to do a lot more capturing. i think it is true what they're saying about the unreliability of it, but there is a turf for a play with the cia, so i think you have to take it with a grain of salt and read it in the context of that. of innocent issue civilians. i mean, there's also an issue of the people who they believe are absolutely guilty, whether or not, cora, the president should be the judge and the jury and executioner. ju this percentage that raised earlier ofan 90% innocents killed in a drone strike, explain further what you learned on who lives and who dies. >> it was aptly striking, the pentagon study, one of the documents that

middle of october it went into the rsi, oversold status. toyota motors might look good. i use the word optically might look good. but i think tesla is ratcheting up to spike higher. >> i'm going to guy. >> what? >> tesla -- are you with grasso on this one? >> i'm always with steve, by the way. it is a sicilian-italian thing. but i think there is a good test to the level. we talked about a move down to 180 and i think we may visit that unfortunately. >> and kate spade and michael kors both on deck. which comes out on top. it is not which handbags you think are better but which earnings. >> well then i don't know. i'm only here for handbags. michael kors and not because i think they will come out with better earnings but the sentiment is so bad that i think it is set up for a pop going into it. so dave seeberg sent me something from cowan and talked about michael kors is no longer the bag to have and kate spade is the bag to have. i prefer kate spade bags. but in terms of earnings i think you can be long kors going into it because of sentiment. >> till ahead. after a recor

jake>> and... t rsi oicl qutiinwh w wndor port into the downininof malaysian airlines flight 17. tuesday... a dutch - led investigation found the plane was shot down by a russian - made surface - to - air missile... fired from eastern ukraine. m - h - 17 crashed in the region last year... killing all 298 aboard. jake>> and be sure to check out siouxland news dot com all day at work and home for the latest

for all those who know their tech analysis can rsi above 70 means an asset is overboard.ing. we had the gdp data for the first quarter. by 8.5%, but it was not as much as economists forecast. manufacturing contracted for the third quarter come construction declining by the most since 2001. services rose. i know you have a big interview coming up any second now. with the eu commissioner. have a look at the european bond market. investors are getting very excited about the ecb meeting in december after mario draghi intimated there would be more qe. does he agree? betty: love that. you've just set up the interview. thank you so much, mark barton in london. we do want to stay on europe where growth has struggled. let's bring in the eu commissioner responsible for the europe dialogue -- you talk about monetary policy. he oversees the growing refugee crisis in europe. --t does threaten the growth commissioner, what about the ecb meeting that is coming up in december? awaiting there meeting. the you agree on more stimulus for eurozone? europeanof all, commission respects indepen

>> every time over the last four, five times we've seen the rsi readings this high and they start toe, you've had that pullback occur. so i think the odds are, yes, you'll get that pullback and you'll get a better entry point. >> all right. >> stock is still on a great up trend. >> even if the cubs win since they're an underarmor team. >> throwing the cubs back in it again. >> that's a long shot. thank you very much. relative strength index, fancy technical acronym. thank you very much. for more "trading nation," head to our website. another day, another scary episode of air rage. this time a fight over a reclining seat on a southwest airlines flight. given how miserable the flying experience, is we're guessing this won't be the last problem on a plane. seats are so darn small anyway and more and more problems, should airlines ban reclining seats? just make them nonreclinable. we want to hear from you right now. go to cnbc.com/vote. live voting is going to kick off. we'll see how america feels. ban the reclining seats to avoid fights by passengers. stick around. i just had a horrible

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you have the s&p trading with an rsi relative strength indicator, a measure of momentum at levels thatn since november of 2014. i just think the market right now has gotten back to a sense of calm, that's good because i think the markets were overreacting. i will be the first to tell you i don't think the market is that bad of a place. >> we will leave is there, but, ryan, before we let you go your top way to play this market right now or best ideas. >> i think if you think of the end of this week, consumer discretionary, tech, possibly energy, that's going to lead, right, so as we see some of these tech companies continue to report next week we get good numbers like we did this week, i think we see it again tomorrow. >> i have a question, broadly speaking let's say you have a majority of your 401(k) in some sort of stock fund, should you be reing tagt out? you have now recouped what losses you might have had year to date. should you ride it out a little longer? >> i think you ride it out. this can be back to 2100. if we can get the fed to step up in december and initialize a normaliza

is a you can see in the the victory there is a defeat for rsi a spoke to parents is sought a few issues summer just trying desperately to protect their children so this is for the digital files. some of them thought the school was providing the material. it is particularly volatile. because socially conservative parents that gate characters are portrayed sympathetically. are they thinking kids will be persuaded? profanity, said as it is as they do talk or think. but with parents some are portrayed as clueless but they were kids smack and racial slurs are certainly an issue. without recognizing there is in the anti-resist story in that book was challenged when it was first published in the massachusetts public library and the cousin of the low-grade morality and all through the pages there is a systematic use of that but it makes the story's real and compelling proposal wind the division between parents and communities put the book reading and those that oppose them more interesting. with the political divide of liberals and conservatives. there is the social conservative and also a diff