There were plays today, but harder to keep from stopping out unless you were conservative and entered something like WWY.
From our commentary for Friday....
The market internals were decidedly negative (Thursday), and the screened stock ratio was a negative 8 to 3 favoring shorts. It is usual for the market to trade with fits and starts after it has made a bottom, however, I'm concerned that what we may have is atypical because of the election results, and the market downturn may be more serious. I think "lite" mode is the safest position until some of the uncertainty is cleared up.
With that warning.....
Longs: SVU, ISIP, GPSI, CEFT, BCHE, PFCB and WWY.
Shorts: RSH, ESRX, PCS, JDEC, EMKR and GERN.
Good Trading!!
Sam
savvy-trader.com |
