Online Stock Trading | Another Distrbution Day

Another Distrbution Day


Filed Under Market Commentary |

3rd distribution day for the NASDAQ today.  Stocks finished sharply lower, the NASDAQ lead the charge @ 1:30.  NASDAQ was down .72% and S&P down .7% with the Dow following in at .57%.
 
Now, a 3rd distribution day does spell trouble for the market.  However, the only bright spot here is that it was a Monday.  Monday’s are a good time to pick out winners/strength in the market, especially big down days.  The market does seem to be on its last leg in this rally!
 
How did my Top 30 do???
 
Top 30 performed nicely, up .22%. 
 
But how did my “buy” picks?? 
 
6 stocks hit buy points…NCTY up 5.88 / ATRO down 2.12% / HANS up 3.27% / AHT down 1.03% / RACK up 3.19% / STMP down 1.88%
 
Total up 7.31%…not bad for day one.  Remember to keep losses small, cut laggards, and hold onto your winners! 
 
This is time to look at laggards and start trimming positions if not getting into cash.  Start to look at the 10 year treasury, starting to creep up over to 5%. 
 
MktSpec

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