I'm about to update the information for Thursday. In case you missed today's it was as follows:
The screened stock ratio has finally crossed the line into the over sold range with down trending stocks swamping the up trending stocks at -5.02 favoring selling, the estimate of market risk remains high. The ratio still calls for "lite" mode, but there is now more hope for a bounce, let the ratio turn back up a couple days first, which should be soon at this point. The index remained a minus 4 or lower for only 5 days last September and the bottom was a negative 6.08.
Again, there are no additions to the either the short term list and there was one KROL potential breakout stock (KROL) that met the volume criteria. Removing the volume criteria, ANH, MME, PETM and PIR showed up in the short term screening. Note that we have a position in MME. If you like gold stocks watch GFI. On the short screening, CMOS, GLK, PRE and SKYW screened out. If we get a bounce today this should also bounce but would likely turn back down with the market.
We are in Jackson today, so I missed the market action, but it looks like you could have still made money on these stocks.
Sam
