Online Stock Trading | Down week, negativity growing.

Down week, negativity growing.


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I am just glad this week is over with.  Growing pessimism in the market, thanks MSM is really starting to create chaos.  Few bright spots, few!!! we only have 2 distribution days…AAII bull index is above 40 and bear is above 30.  What does this mean, bulls are still feeling bullish, however the bears are growing in numbers.  Good sign?  Possibly, would like to see the bears get scared and have them run out of the market. 
 
This is a perfect time to start searching for outperforming stocks with excellent fundamentals…new buys maybe few and far between, but you need to be ready to hop on any opportunity.  Shorts can start popping up here too, since we are in flux there may be opportunities on the short side.  You must be ready for any opportunity.
 
Getting to my Top 30 stocks…down week this week. 
 
Overall, finished down 1.05%.  Biggest LOSERS CNTF - down 12.38% / PDC - down 11.69% / ATEA - down 12.89% / ORCT - down 10.44% / 
 
This just BOLDS the fact that keeping a tight loss strategy is crucial to success. 
 
Biggest winners:  WSSI - up 11.06% / HOM - up 15.98% / STRS - up 12.94% /
 
So where did my Buy list end up???
 
Up 2.64%, I did get stopped out of PWEI taking a 8.02% loss. 
 
NCTY - down .09% / ATRO - down 2.19 / HOM - up 7.13% / STRS - up 3.87% (remember this perf. is different b/c my buy point was @ 24.03) / HANS - up 6.02% / AHT - down 3.18% / RACK - up 5.8% / STMP - down 3.24% / PWEI - down 8.02%
 
 
I am putting together my buy list for this week and Top 30.
 
MktSpec
 
 

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