Stock trading is becoming the ultimate "survivor" series! Hope everyone is hanging in there, there has been trades to make, but a lot of watching and waiting too.
The good news is that as the NASDAQ has made a new low, there were many fewer NASDAQ stocks that made new lows. The bad news is that internals are still bad and the screened stock ration is very bad at 12 to 1 favoring selling. This is still very negative, and included a lot of stocks outside the tech world. I would remain in "lite" mode.
There was no really strong group in the screening, the stocks below have potential, but if we get a bounce tomorrow (VIX.X went over 35 today), many will be ignored. Note that we still own shares of EC.
Longs: APD, BGP, DDS, CP, DRI, JHF, MAT, UNP and WMB.
Good Trading!!
Sam
savvy-trader.com |
