I wish I could improve things, but if you haven't been short you haven't been playing the right side of the trend. There continues to be stocks going against the trend and moving up, but it seems you stop out a few times to find that one good one.
We had our screened stock ratio hit a new low today, 10 to 1 favoring shorts. This indicates that the volume leaving the down stocks is much greater then the volume coming into the gaining stocks. However, the stocks on the short screen look way oversold, so be careful.
Longs: LLL, PEP, QLTI, NT, CEFT, EDMC, CMOS and EXBD.
Shorts: TKLC, BELM, CERN, STJ, IWOV and RSYS.
Good Trading!!
Sam
savvy-trader.com |
