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, Joe Terranova said that he is watching PMI data from China. He thinks that it has to be above 50 this month to show that China is expanding.
Pete Najarian noticed some upside call options buying in
iShares MSCI Emerging Markets Indx (ETF)EEM. He believes that a short term move higher might be possible.
Josh Brown thinks that there might be a bottom in
iShares Dow Jones US Oil & Gas Exp.(ETF)IEO. He noticed a possible double bottom pattern on its chart and the RSI hasn't confirmed a recent move lower, which is, in Brown's opinion, a sign that sellers are getting exhausted. He would buy the stock, but he would use a stop loss.
Stephanie Link is watching crude oil and the industrial stocks. She thinks that if the energy stocks bottom, the industrials are going to bottom too.
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