July 8, 2010

Equity markets opened up, drifted, closed strong. News is optimism about earnings and “due for a bounce”.

Short-term: 2 green, 2 yellow – tending yellow/green
Intermediate-term: 1 green, 1 yellow, 2 red – tending yellow

Stock Targets: 12% swimming (mostly deteriorating); 16% treading water; 71% sinking

Some targets came up interesting today but this still really just looks like a top-down bounce that may last for a few weeks max.

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