The markets regain some footing...
but are not "all clear" yet. I hope you used the correction time to hunt for some new leaders. Also, keep following the Big Picture in IBD.
I've been slowly buying a few of the names mentioned in the referenced post. Picked up some RIG, MER, and a couple of others yesterday - for trades.
Waiting on this SPR to tag 32.10 on some volume and I'll be loading up on that. Waiting on a couple of others that are getting ready to go. Again though, still following the markets, to see if this holds or rolls over for one more leg down.
Some others I'll continue to hold - like NYX, WFR, etc.
This NUAN starting moving again yesterday, and now that it is trading over $15, shows up on IBD's Stocks on the Move today, generating more buying. Watch for similar up and comers around this level
Most of the solar plays still moving. I'm watching all of these and will pick out the leader amongst all of those and out of the several pilot positions I now have.
Note, we had some follow-throughs fail during last summer's correction, so caution is still warranted. However, there are differences in the indices' charts and action that make me want to get a little more exposed right now on the long side. Slowly however, and with an itchy trigger finger.
The rate cut draws nearer.
GL & GT.
AI
