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Hi folks,
I took a small break from the market this past week as the chaos and confusion was too much to wade through. It is difficult to make sound decisions and trades when there is so much distortion in the markets. At this point, I wouldn't be surprised to see a short term bounce. The markets have recently become oversold and value investors are ready to start buying. In addition, the 'no-shorting' policy is helping some financial stocks hit new 52wk highs. Some of these stocks may make good plays if they are picked up at a good buy point. At the moment, many of them are over extended. I will try to post a new buy candidate list later on in the morning, before the market open. I am a bit busy so if it gets posted after the market open, do not fret. See you then.
-Nick M.
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