I have a very short list today compared to the last few days. As the market moves higher my list will more than likely get smaller by the day until we get a pullback or some sort of consolidation. This market has been rotating from sector to sector, what has been strong takes a break and what has been weak gets bid up, not sure what sector is left to get bid up here in the short-term.
Here's my list for today; WLB, VRSN, FIVN, VNCE, RUN, MCRN, CHARTS.
- I only have an interest in the stocks above if they go through yesterday's high plus a few pennies.
- The market will either get me in or keep me out.
- The time frame is roughly 3-5 days.
- No one has ever said better than Pradeep Bonde; stocks move in momentum burst that last 3-5 days (I'm paraphrasing), and that is what we look to take advantage of.
My opinion and outlook are subject to change as new information comes in.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.