Looks like we won't get any relief from this down market tomorrow either, judging from the reaction to LU's warning and YHOO's conference call. The internals are still bad, but keep a tight stop on those shorts too, they may bounce when you're not expecting it.
Remember to let the stock hit 1/4 above the previous day's high to alert a potential buy on longs or 1/4 below the previous days low for shorts.
Longs: BCE (again), ICN (again), UNM (again), ILMN (risky but has possibilities), UTI, VTS, HUM, WLP, SGP and GRP.
Short: ADAM, CVC, MSLV, Q, RSYS and VZ.
Good Trading!!
Sam
savvy-trader.com |
