Crazy Markets!

  • After today’s distribution, the new Uptrend is already Under Pressure. This has been a very volatile couple of weeks for the market. I have to say that at this point I am glad to be sitting in cash.
  • $QCOR was down again today. This validates my personal rule that a stock must CLOSE above its Buy Point on volume before it can be bought. $QCOR only traded above the Buy Point mid-day, then closed well below it. Since then it has stumbled.
  • $GMCR was down almost 48% today on 1482% increased volume. That is insane. Wonderful reminder of how careful I must be to not get caught in the wrong stock at the wrong time.
  • I think I need to look into the Screens section of a little more. I’m going to make it a point to do that this weekend.